For Thursday, November 12, the National Bank set the following official rates: - US dollar – 45.3222 UAH (-0.1791 UAH to the official rate for Wednesday, November 11); - euro – 50.4823 UAH (-0.5972 UAH to the official rate for Wednesday, November 11).
Rates were set at 15:30 on November 11 and reflect the following trends:
1. The first half of Wednesday's trading session (until about 13:00) was in a narrow range of 45.34-45.37 UAH. The average price of transactions at 12:00 was 45.3540 UAH – almost 21 kopecks lower than on Tuesday. After 13:00, the National Bank began another massive currency intervention, as a result of which non-cash dollar quotes dropped to the level of 45.25 UAH on the "bid" position. As a result, by the close of trading, the average price fell even more. Therefore, the NBU was forced to lower the official dollar rate for Thursday by 17.9 kopecks.
2. The euro on the international FOREX market on Wednesday continued the decline that began yesterday after the publication of US inflation data, and by the time of writing this article, it fell to the mark of 1.11051 dollars. At the time of fixing, the euro was sold at 1.11385 dollars - 87.4 points lower than on Tuesday. Therefore, in parallel with the reduction of the official dollar rate, the NBU lowered the official euro rate for Thursday by as much as 59.7 kopecks.
As we can see, the non-cash hryvnia is strengthening again. True, for this the National Bank has to sell more than 300 million dollars daily through currency interventions.
