Dollar again updates maximum: situation on the currency market

On Wednesday 21 October, the National Bank set the following official rates: - US dollar – 45.0791UAH (+0.0778 UAH to the official rate for Tuesday 20 October); - euro – 50.5301 UAH (-0.001 UAH to the official rate for Tuesday 20 October).

Ratess are set at 15:30 on October 20 and reflect the following trends:

1. On Tuesday immediately after the start of trading on the interbank currency market, the growth of quotations continued. Cashless dollar set a new historical maximum at 45.131 UAH on the "bid" position. The National Bank was forced to increase the volume of its currency intervention to meet the requests of buyers. The average price of transactions at 12:00 was 45.0912 UAH – 14 kopeckshigher than Monday. After 12:00 quotations smoothly went down under pressure from NBU sales, and by the close of trading the average transaction price dropped by about 1.5 kopecks. Therefore, NBU raised the official rate for Wednesday almost 8 kopecks.

2. Euro on the international market FOREX on Tuesday traded in a narrow range 1.12045-1.12354 dollars. The second day the euro tries to rise after the sharp fall on Monday caused by mass protests in several European countries at once. At the time of fixing, the euro was selling at 1.12092 dollars–by 19.6 pointslower thanMonday (1.12288 dollars). Therefore, despite the increase official dollar rate, NBU practically did not change the official euro rate for Wednesday.

It is noticeable that the NBU actively keeps the euro rate at the same level, as it once did with the dollar rate.