The strengthening of the hryvnia on the interbank market reduced domestic purchasing prices for grain
Yesterday on the interbank market, again there was a large volume of proposals of the currency. Exporters were trying to sell funds in a falling market at a more favorable rate and making the currency, which led to excess of supply over demand and the strengthening of the hryvnia 29 cents to 27.1-of 27.15 UAH/$.
the trading Volume on the interbank market is almost three times higher than normal and reached 870 million $.
As at the previous session, the Bank hastily announced and held an auction to repurchase $ 30 million, and later announced a second auction to repurchase $ 100 million, which acquired 80.8 million $ on cut off price is not higher 27,12 UAH/$. Such actions of the national Bank has balanced supply and demand and stabilized the exchange rate.
the Purchase prices for grains and oilseeds instantly react to changes in the hryvnia exchange rate to the dollar. Traders continue to lower the ruble prices following the depreciation of the currency. The strengthening of the hryvnia by 5% during the week led to decline in prices by 3-5%, and it is 200-250 UAH/t for grains and 500-600 UAH/MT for soybeans.