The national Bank does not expect the strong fluctuations of hryvnia exchange rate this fall

The national Bank of Ukraine does not expect strong fluctuations of the hryvnia this autumn, said on 14 September the Deputy head of the NBU Oleg Churiy, UNIAN reports.

According to him, the NBU continues to be present in the foreign exchange market to smooth excessive exchange rate fluctuations under the influence of situational factors.

«We expect moderate volatility in the exchange rate of the hryvnia. In recent weeks, again began to spread the statement that the hryvnia is always rapidly devalue in the fall and supposedly this fall will be no exception. We, this concern is not shared,» said Curi.

He noted that Ukraine’s currency market was indeed subject to seasonal factors, however, the application of a floating exchange rate and carrying out reforms in various sectors of the economy can be expected to reduce this impact.

«Traditional fall factors play a much smaller role. For example, «Naftogaz» has sufficient foreign exchange earnings and pressure on the foreign exchange market with one-time large purchases. The Ministry of Finance reimburses the business for VAT are more or less evenly. In addition, autumn is a time of foreign currency revenues from exports of the new crop,» added CORI.

August 11 in comments to the edition «GORDON» the head of the Committee of economists of Ukraine Andriy Novak said that the appreciation of the hryvnia in summer was due to acquisitions in Ukraine of foreign exchange earnings and the holiday season.

On 15 September the hryvnia to the dollar has declined by eight cents – from 26.08 to 26,16 UAH/$. Hryvnia against Euro rose by 15 cents – from 31.24 to of 31.09 UAH/€.




The national Bank does not expect the strong fluctuations of hryvnia exchange rate this fall 15.09.2017

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Сентябрь 15th, 2017 by
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