The dollar exchange rate went up due to the activity of importers

On Monday, August 3, non-cash dollar quotes on the interbank foreign exchange market surged upwards and by the time of writing reached 44.835 UAH on the bid and 44.855 UAH on the offer.

In just 2 hours, the dollar on the interbank market rose by 20 kopecks. The reason is increased activity of market participants on the first working day of the new month. Importers are rushing to pay for new contracts, seeing that currency prices have started to rise again. The National Bank has been intervening since the morning: by the time of writing, it had already sold about 120-130 million dollars, but this did not affect the growth of quotes in any way. According to the portal 'Ukraine's Exchange Rate', the NBU does not hinder growth, hoping for an increase in the supply of foreign currency earnings from exporting companies.

The euro on Ukraine's interbank foreign exchange market also rose in price on Monday and is trading in the range of 51.51-51.65 UAH on the bid. On Sunday night, the euro/dollar cross-rate on the international FOREX market reached 1.1559 dollars, but then began to decline. At the time of writing, the euro is trading on FOREX in the range of 1.1521-1.1525 dollars.

Cash dollar prices have somewhat decreased compared to the end of last week. If on Friday afternoon wholesale exchange offices in Kyiv sold the dollar at 44.80 UAH, today – already at 44.77 UAH. In Dnipro, the dollar is sold at 44.82-44.85 UAH, in Kharkiv – at 44.85-44.86 UAH, in Poltava – at 44.90 UAH.

As of 12:20, Ukrainian banks sell the dollar at prices from 44.75 UAH at Bank Lviv to 45.25 UAH at Zaporizhia's Metbank. As for the euro, currently the cheapest is at Alliance Bank at 51.60 UAH.

Oil prices are falling after Trump canceled a pre-planned strike on Iran and announced new negotiations. The popular Brent grade fell to $82.61 per barrel and is currently trading in the range of $83.61-83.90 per barrel.

On crypto exchanges, prices for major cryptocurrencies continued to decline on Monday. Bitcoin on the popular exchange Binance fell this morning to $62,300 per coin, and ethereum – to $1,828.6 per coin. Currently, bitcoin is trading at $62,630-62,650, and ethereum – at $1,835-1,845 per coin.