Today the depreciation of the hryvnia is associated with the traditional first months of the year the seasonal downturn. Comments about this said the Deputy Chairman of the national Bank Oleg Churiy, the press service of the regulator.
«In the first post-holiday days on the interbank market came to sell foreign currency revenue that was accumulated during the Christmas holidays in Ukraine, which coincide with the working days in the US and Europe. But this factor was temporary,» — said the banker.
According to him, is now lower than in previous months, the supply of currency brings the traditional first months of the year a seasonal decline in business activity, which in particular is slightly lesser the receipt of proceeds from exports of the crop agricultures, which were the main source of foreign currency in the autumn months.
«However, the principal source of foreign exchange earnings gradually takes over steel exports. This also contributes to the global pricing environment due to rising steel and iron ore,» — he concluded.
Under the circumstances, the national Bank is ready to conduct currency interventions, and on 13 January he announced the auction for the sale of $ 100 million.
Recall that in 2016 the dollar on the interbank market at the beginning of January was $ 23.8 hryvnia, and by the end of February rose to 27 hryvnia. In 2015, in early January, the dollar was worth about 15.9 hryvnia, and by the end of February its value reached 30 UAH and more.
As of the evening of 12 January, the weighted average rate on the interbank market amounted to 27, and 25 UAH per dollar on the black market — nearly 29 UAH per dollar.
January 13 quotes of the hryvnia to the dollar on the interbank market as of 10:40 set at the level 27,42-27,55 hryvnia to the dollar.
Previously, experts have also tried to explain the weakening of the hryvnia.
Note that in October the Prime Minister of Ukraine Vladimir Groisman promised this year to keep the hryvnia at the level of 27.2 compared to the dollar. This «standard» was laid in the state budget.
The national Bank explained the depreciation of the hryvnia seasonal factor 13.01.2017