NBU net FX sales in sixth week of abandoning fixed exchange rate down to $387.8 mln

KYIV. Nov 13 (Interfax-Ukraine) – Net sales of U.S. dollars by the National Bank of Ukraine (NBU) in the sixth week after the transition from October 3 from the fixed exchange rate regime to its managed flexibility regime decreased to $387.8 million from $562.8 million in the fifth and $675.2 million in the fourth weeks.

According to data on the central bank’s website, its purchase of foreign currency remains paltry – $1.26 million, but sales of foreign currency by bank clients have increased significantly: over four days of the week (excluding Friday) it averaged $206.6 million per day compared to $187.3 million the previous week and $156.3 million the week before.

As a result of the week, the hryvnia exchange rate on the interbank FX market strengthened again by 0.63%, or 23 kopecks, to UAH 36.0360/$1, while from the end of July 2022 until October 3, the National Bank maintained the official rate of UAH 36.5686/$1.

In exchange offices, the U.S. dollar fell in price by only about 2 kopecks over the week, to UAH 37.68/$1.

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