Dollar depreciates while euro rises: NBU sets exchange rates for August 20

On Thursday, August 20, the National Bank established the following official exchange rates: - US dollar – 44.7006 hryvnia (-0.075 hryvnia compared to the official rate on Wednesday, August 19); - euro – 51.8679 hryvnia (+0.0375 hryvnia compared to the official rate on Wednesday, August 19).

Rates were set at 16:00 on August 19 and reflect the following trends:

1. In the first half of the day on the interbank currency market, there was a balance of supply and demand; trading took place in the range of 44.72-44.75 hryvnia without the participation of the National Bank. The average transaction price at 12:00 was 44.7396 hryvnia – almost 4.5 kopecks lower than on Tuesday. After 13:00, the National Bank appeared on the market. Its sales led to a drop in quotes to 44.65 hryvnia on the "bid" position. Thanks to the NBU's intervention, the average transaction price by the end of the day fell even more, so the National Bank lowered the official dollar rate for Thursday by 7.5 kopecks.

2. The euro on the international FOREX market rose sharply today against the US dollar and by the time of writing the article reached the level of 1.1677 dollars after the US Treasury Department announced an increase in the volume of operations for the repurchase of government bonds with a longer maturity. The dollar sharply collapsed against all leading world currencies, including the euro and the British pound sterling. At the time of fixing, the euro was sold at 1.16034 dollars – 27.8 points higher than on Tuesday (1.15756 dollars). Therefore, the NBU raised the official euro rate for tomorrow by 3.75 kopecks.

On the cash market today there were minor fluctuations in prices depending on the region: in Kyiv and Kharkiv, the dollar fell by 1 kopeck over the day, in Lviv – by 2 kopecks, while in Odesa, on the contrary, it rose by 2 kopecks. In Dnipro, the price did not change over the day.

Analysts of the "Kurs Ukrainy" portal believe that until the end of August one can not be afraid of significant fluctuations in the cash currency market. Further growth of the dollar exchange rate is possible already in September.