The NBU demonstrates support for the hryvnia exchange rate



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The National Bank of Ukraine ( NBU ) demonstrates the support of the hryvnia rate and will continue to smooth out the sharp fluctuations in exchange rates, according to bankers interviewed by Interfax-Ukraine.

"National Bank will continue to go to the interbank a strong bias between supply and demand both for support and for smoothing large fluctuations." If the supply exceeds the demand and the hryvnia reevaluates, the regulator will curb the rate hike; otherwise, the National Bank will enter the market to meet the demand created.The confirmation is the interventions yesterday by the National Bank by the l '; Intermediate Bloomberg system, due to significant growth (demand) .The market has virtually no change and the National Bank has responded to the remaining demand. "19459003 FUIB Anton Stadnik [19659002] According to him, there will be no sharp fluctuations in the hryvnia exchange rate

"Given that as part of the start of business activity, September has always been a difficult month for the dollar / hryvnia, we expect that the course will be in a fairly wide range However, no strong fluctuation is expected. According to the director of the Treasury Pyreus Bank Igor Yakobchuk, the NBU will mitigate exchange rate fluctuations, but will not hinder the trend. " NBU will try to smooth the sharp exchange rate fluctuations, without hindering a change of course," he says.

According to I. Yakobchuk, the recent decline in the hryvnia rate on the market is the beginning of the seasonal depreciation.

In the village of The decline of the hryvnia exchange rate in July is due to several factors: the repayment of the VAT the payment by OVDPs and the fact that the exporters started to hold products as part of the correction. In early August, another factor that will put pressure on the hryvnia rate is added – dividend payment. NBU these last days iron out the strong fluctuations. The same will be the tactic of the NBU on the interbank market and in the days to come. "

A. Dominyk agrees

" It is too early for the permanent autumn devaluation of Ukraine. According to experts, the simplification of transactions on the interbank foreign exchange and credit markets, the change in methods of calculation of the hryvnia exchange rate and the index of interbank rates are aimed at the liberalization of currencies. the market and do not affect the movement of the hryvnia exchange rate.

"The ValKly and KredInfo systems no longer perform their functions on the market, so the National Bank's decision on their cancellation is expected and fully justified." (Official – Ed.) National Bank Course does not affect the course of trading.On the contrary, it reflects them thoughtfully.Therefore, the priority is the call for bids, and the derivative is the official price, "said A. Stadnik. [ad_2]
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