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The dollar reached historic maximum: NBU raises official exchange rate

The dollar reached historic maximum: NBU raises official exchange rate
Photo: dollar bill / unsplash

On Wednesday, October 14, the National Bank set the following official exchange rates:

- US dollar – 45.0802 UAH ( +0.1235 UAH to the official rate on Tuesday, October 13);

- euro – 50.4380 UAH ( +0.1962 UAH to the official rate on Tuesday, October 13).

Rates were set at 15:30 on October 13 and reflect the following trends:

On Tuesday, the rise in quotations on the interbank foreign exchange market continued. A new all-time high for non-cash dollar was set – 45.125 UAH on the bid. The average deal price at 12:00 was 45.0618 UAH – 14 kopecks higher than on Monday. The National Bank increased its interventions, but only managed to slow down the growth. By the close, the non-cash dollar fell to 45.091 UAH on the bid; the average deal price rose even more. Therefore, the NBU raised the official dollar rate for Wednesday by 12.3 kopecks.

The euro on the international FOREX market went up on Tuesday and partially corrected its yesterday’s fall, rising by the time of writing to 1.11964 dollars. At the fixing time, the euro was selling at 1.11885 dollars – 12.9 points higher than on Monday (1.11756 dollars). Therefore, in parallel with the increase in the official dollar rate, the NBU raised the official euro rate for Wednesday by 19.6 kopecks.