Dollar exchange rate jumped due to importer activity
On Monday, August 10, the non-cash dollar quotes on the interbank foreign exchange market soared and by the time of writing reached 44.856 UAH at the 'bid' position and 44.88 UAH at the 'offer' position.
In less than 2 hours, the dollar on the interbank market rose in price by almost 20 kopecks. The reason is high activity of importers (primarily buyers of gasoline and fuels and lubricants). At the same time, the National Bank, although it intervened, did not hinder the growth of quotes. According to information from the portal 'Kurs Ukrainy', the NBU does not hinder the growth, hoping for an increase in the supply of foreign currency earnings from exporting companies, which will soon need the hryvnia to pay taxes, including profit tax for the first half of the year.
On Monday, the euro on the Ukrainian interbank foreign exchange market is trading in a narrow range of 1.1548-1.1566 dollars after reaching 1.1580 dollars last Friday following the release of weak employment data in the USA.
Prices for cash dollars also rose compared to the end of last week. If last Friday afternoon wholesale exchange offices in Kyiv were selling dollars at 44.70 UAH, then today – already at 44.82-44.84 UAH. In Khmelnytskyi, Dnipro and Kropyvnytskyi dollars are sold at 44.85 UAH, in Odesa – at 44.95 UAH.
By 12:00 Ukrainian banks are selling dollars at prices ranging from 44.75 UAH at Bank Lviv to 45.25 UAH at Zaporizhia Metabank. As for the euro, at the moment the cheapest can be purchased at Poltava-Bank branches in western Ukraine at 51.68 UAH.
Oil prices have gone up again as analysts fear a protracted conflict between the USA and Iran. The popular Brent grade rose in price to $84.78 per barrel and is currently trading in the range of $84.50-84.55 per barrel.
On crypto exchanges, the prices of major cryptocurrencies went up on Monday. Bitcoin on the most popular crypto exchange Binance rose this morning to $65,474 per coin, and Ethereum – to $1,938.2 per coin. Currently, Bitcoin is being sold at $64,980 - 65,020, and Ethereum – at $1,910-1,920 per coin.
