“On the one hand, the increased demand for the currency, which arose in previous periods due to the influence of the psychological factor caused by the deterioration of the information environment, has calmed down. On the other hand, the supply of the currency has increased,” the report says.
As a result, over the week, the hryvnia in the interbank foreign exchange market strengthened to UAH 28.11/USD from UAH 28.68/USD at the close of the interbank market last Friday, the NBU noted.
The NBU entered the foreign exchange market to smooth out excessive fluctuations, but not with the sale of currency – as it was during most of January, but with the purchase. In just a week, the NBU bought $333.7 million on the foreign exchange market.
According to the NBU, this week, for the first time since the beginning of the year, the population sold more currencies than they bought.
“The National Bank will continue to adhere to the principles of flexible exchange rate formation. We monitor the situation in the foreign exchange market and, if necessary, will carry out interventions both for the sale and purchase of foreign currency,” the message says.
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