The National Bank of Ukraine (NBU) this week reduced the net sale of dollars on the interbank market to $670.41 million from $722.57 million previously, according to data from the regulator.
According to them, the central bank bought $0.49 million, while it sold $670.90 million.
The official exchange rate of the hryvnia increased by 0.2% or 10 kopecks for the week, in particular, it strengthened by 8 kopecks on Friday. – up to UAH 40.4542/$1. On the cash market, the dollar also fell by 5 kopecks. – up to UAH 40.82/$1.
Since the beginning of 2024, the official exchange rate of the hryvnia has fallen by 6.5%, or by UAH 2.45, and since the transition of the National Bank on October 3, 2023 to the managed flexibility regime, by 10.6%, or by UAH 3.89.
According to the data that the NBU managed to publish during this period, from Monday to Wednesday, the negative balance between the volume of currency purchases by the population and its sales widened from $42.78 million to $45.66 million.
In total, in June the NBU’s net interventions amounted to $2.99 billion compared to $3.07 billion in May and $2.28 billion in April. International reserves of Ukraine, according to preliminary estimates of the National Bank, decreased by 7.9% or $3.4 billion last month to $39 billion 033.8 million.
At the same time, in May, the official exchange rate of the hryvnia weakened by 90 kopecks. – from UAH 39.6370/$1 to UAH $40.5373/$1, in the last ten days of the month gradually updating historical lows and getting closer to the average annual exchange rate of UAH 40.7/$1 laid down in the 2024 state budget. On the cash market, the hryvnia exchange rate for the month also weakened by UAH 1.24 to UAH 41.05/$1.
The National Bank explained this weakening by the increase in government spending after receiving external financing in March-April, as well as the impact of the largest package of easing currency restrictions for enterprises announced on May 3 since the beginning of the full-scale war.
