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The Rate of Hryvnia Against USD Reached UAH 8.10

The rate of the hryvnia against the USD on Ukraine's interbank forex market reached UAH 8.10 per USD on Wednesday from UAH 8.0825 per USD on Tuesday.

As it was learned from forex market operators, quotations were between UAH 8.17-8.23 per USD at the beginning of trade, and they then declined to UAH 8.07-8.12 per USD in the middle of the trade after the National Bank of Ukraine proclaimed plans to launch interventions to prop up the hryvnia.

The NBU informed banks about its plans to purchase the USD at UAH 7.99 per USD and sell it at UAH 8.01 per USD. Simultaneously, according to market operators, the central bank on Wednesday met banks' forex currency purchase bids selectively. At the end of the trade, the forex rate was UAH 8.08-8.12 per USD.

According to previous reports, after a pretty long period of stability on the cash and non-cash forex market, the forex rate on the non-cash market fell to UAH 8.09-8.10 per USD from UAH 8.035 per USD.

Forex rates on the cash market by the end of January 13 hit UAH 8.15-8.20 per USD. Some Ukrainian regions watched a shortage of dollars, according to reports. In the middle of January 13, ask quotations grew to UAH 8.22-8.30 per U.S. dollar.

The NBU reported that the balance on banks' correspondent accounts since the end of 2009 has grown by UAH 5.3 billion, or 30.2%, to UAH 22.76 billion.



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