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On December 10, the non-monetary dollar fell 4 kopecks and the interbank market closed at UAH 28.04-28.06 / $.
In contrast, the average cash exchange rate rose 4 kopecks on the sale and did not change on the purchase. At night they were in the following ranges:
- UAH 28.20-28.45 / $ – on sale;
- 28.0-28.10 UAH / $ – for purchase.
Interbank trading was not very active. The volume of transactions fell from $ 147 million to $ 94 million, in the morning the prices remained high, but then fell.
“After the growth during the interbank market close on Wednesday, Thursday morning trading opened in the range of 28.08-28.10 UAH / $. The balance of supply and demand kept the market for some time in the range of 28.08 -28.09 UAH / $, then we went to UAH 28.07-28.08 / $, but at lunchtime we returned to UAH 28.08-28.09 / $. After lunch, the remaining sellers collapsed the dollar and the trade closed at 28.04-28, 06 UAH / $ “, – said the head of trading operations on the interbank market of Credit Dnepr Bank Yuriy Grinenko” Strana “.
In addition to the usual export / import, foreign exchange sellers were also observed in the interbank market, which yesterday gained a dollar due to the fall in the exchange rate.
The key issue in the financial market is the placement of its large national government bonds by the Ministry of Finance this Tuesday, December 8, for 15.96 billion UAH.
The report from the National Bank arrived today, which showed that foreigners bought some of the long-term securities. The amount is not the largest – 1.8 billion UAH. However, the market considers it a positive move. After all, until now, non-residents have withdrawn their capital from government bonds and put pressure on the hryvnia exchange rate with purchases of foreign exchange.
The new trend suggests the opposite: if foreigners continue to buy hryvnia government bonds, they will lower the dollar rate.
“For the hryvnia, an upbeat denouement is looming by the end of the year. Non-residents are on hiatus, even recruiting for a position in government bonds, importers are slow, speculators are in no rush either. A major buyer of foreign exchange is only the National Bank “Forex Club Andrey Shevchishin.
Today’s meeting of the monetary committee of the National Bank and the decision to keep the discount rate at 6% per annum impressed the market a bit. It was predictable and was predicted by bankers a week ago.
Maintaining the previous discount rate did not affect the mood of the interbank or the financial market as a whole. Corporate credit in the country is progressing with great difficulty, although in November there was a slight increase in the hryvnia portfolio of legal persons: 0.9%, to 428.1 billion hrn. The market still lacks high-quality creditworthy borrowers, credit risks remain high, and creditors’ rights are poorly protected. And in general, everyone is waiting for the end of the quarantine period and the lifting of restrictions, “said financial analyst Vasyl Nevmerzhitsky in an interview with Strana. …
For tomorrow, December 11, financiers predict a further strengthening of the hryvnia. The interbank market is expected to open in the range of 28.05-28.07 UAH / $, but they support a greater movement of 28.0 UAH / $. Where, as the treasurers hope, the National Bank will go out to buy it again.
No one portends a great demand for foreign exchange. An increase in interest in the dollar is allowed only if the Ministry of Finance, as the budget deficit is covered, begins to make payments more actively on the expenditure side of the budget.
“If companies and firms have liquidity in their hands thanks to state projects, and they quickly go to the interbank market to take currency so as not to spend the holidays and block the dollar,” says Andrey Shevchishin.
New issue of euros from the ECB
The exchange rate of the euro in the current world market has risen from $ 1.2064 / € to $ 1.2124 / €. Although during the day the prices actively oscillated in different directions – $ 1.2076-1.2159 / €.
Investors ambiguously assessed the statement of the European Central Bank on additional measures to stimulate the EU economy to combat the coronavirus pandemic (pandemic emergency purchase program, PEPP): they decided to increase the volume of debt repayment by 500,000 million euros – 1.85 billion euros.
Someone took the news negatively, because it is clear that there will be new injections into the economy from the issuance of euros. And someone is positive: herbal teas should stimulate economic growth in the European Union.
In the United States, the situation is no better. They published a report on the weekly increase in the number of initial applications for unemployment benefits of the Americans by 137 thousand (up to 853 thousand), although the figure expected in the region to 100 thousand.
In this news context, the rate of the euro moved in different directions, but as a result, the European currency weighed more than the dollar.
In Ukraine, the average euro cash rate was lowered by 5 kopecks on sale and by 20 kopecks at a time, in exchange. As a result, the prices were in the following ranges:
- up to 34.17-34.40 UAH / € – on sale;
- up to 33.70-33.80 UAH / € – for purchase.
Earlier, “Strana” wrote that the rate of the dollar on the interbank market of Ukraine on Thursday fell to almost 28 hryvnia.
We also report that the National Bank entered the market and did not let the dollar collapse. But it still fell in price.
