On Tuesday, November 10, the National Bank set the following official rates: - US dollar – 45.4123 UAH (+0.0917 UAH to the official rate on Monday, November 9); - euro – 50.8152 UAH (+0.1667 UAH to the official rate on Monday, November 9).
The rates were set at 15:30 on November 9 and reflect the following trends:
1. Immediately after trading opened on the interbank foreign exchange market, the quotes of non-cash dollar went up amid strong demand from importers. At the same time, sellers reduced their orders, reasonably expecting further growth. The National Bank stepped in and began to actively sell currency to satisfy buyers' requests. However, this did not help: quotes continued to rise. The average transaction price at 12:00 was 45.3466 UAH – only 1 kopiyka lower than last Friday. After 12:00, growth accelerated and continued until the close of trading on Monday. By the close of trading, the average price had risen significantly, so the NBU raised the official dollar rate for Tuesday by 9.2 kopiykas.
2. On the international FOREX market on Monday, the euro recovered some of last week's losses, rising to 1.12028 dollars. At the time of fixing, the euro was sold at 1.11897 dollars – 14.8 points higher than last Friday (1.11749). Therefore, in parallel with the increase in the official dollar rate, the NBU raised the official euro rate for Tuesday by 16.7 kopiykas.
As we can see, after four days of hryvnia strengthening, the correction ended, and the hryvnia resumed its decline, doing so quite sharply. The NBU's interventions were not enough to keep the dollar rate in place.
