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The exchange rate of the dollar in cash today amounted to 27.95-28.20 UAH for the sale and 27.70-27.85 UAH for the purchase. Photo: Country
On December 18, the non-cash dollar rate soared by 19 kopecks and the interbank market closed at 27.98-28.03 UAH / $. At the box office, prices also went up, but not as much, by 5 kopecks. Average cash rates reached the following levels:
- UAH 27.95-28.20 / $ – on sale;
- 27.70-27.85 UAH / $ – for purchase.
Bankers reported a moderate demand for foreign exchange by the population.
The volume of transactions in the interbank market did not vary significantly: it fell from $ 163 million to $ 160 million, however, the National Bank unexpectedly intervened in the course of the negotiation.
In addition, he intervened completely unreasonably, even before the start of active trading. NBU at 9:30 announced the purchase of the dollar at UAH 27.74 / $ and acquired, according to various estimates, $ 20 million (in total, it increased its gold and foreign exchange reserves by $ 300 million in a week).
“The forex market received a signal that the dollar rate will not fall any further. Therefore, currency buyers accelerated their purchases: it became clear that there would be no better price for them. exchange went up, “explained the price movement to the” Strana. ” financial analyst Vasily Nevmerzhitsky.
Both importers and banks bought foreign currency, which needed to replenish their reserves in dollars.
“Buyer activity was enough for the market to return to the 28.0 UAH / $ zone. We can say that the dance is over and Cinderella must run. In a sense, the hryvnia should return to weaker levels. the department head told Strana. Andrey Shevchishin, Forex Club analysts.
A little later, the State Treasury announced the payment of VAT refunds to companies in the amount of 339.8 million UAH. This is the second notable transfer: the first took place yesterday, worth 166 million UAH. Which further convinced currency consumers to buy dollars.
At the same time, the treasurers were actively cleaning the bones of the National Bank, trying to guess why it decided to open the market out of nowhere and raise the dollar rate. It is quite obvious that the NBU needed to help the holders of the currency; who exactly remained to be guessed.
“The NBU reversed the rate, and speculators then pushed and raised it. There were two versions of this. Either the National Bank is trying to help the Ministry of Finance or state-owned companies that have attracted a number of foreign currency loans during the last week (a loan from the European Union, Eurobonds, etc.) for that at a favorable rate. Or the NBU works openly for non-residents, hoping that they will buy more national government bonds. It creates the conditions for them not only for interest income from government bonds, but also for exchange rates. On Monday, non-residents will begin to change their dollar, here is your type of request and raised “, – said in an interview with” Strana “vice chairman of the board of one of the major banks.
The Ministry of Finance announced for placement on Tuesday, December 22, the highest number of OVDP issues: 11 (9 hryvnia and 2 dollars). Including those of long duration, of 4 and 5 years, which are usually acquired by foreigners. Therefore, treasurers have no doubt that non-residents will buy debt securities. They just guess the volumes. According to the preliminary forecast, government bonds can be sold for 20-25 billion UAH.
If these forecasts come true, then the dollar rate on Monday, December 21, will begin to decline again. The interbank market is expected to open at 27.95-28.0 UAH / $, and then movements at 27.90 UAH / $ and further fluctuations in the exchange rate during the week.
“I think that on Monday, under pressure from sellers, the hryvnia can strengthen, here the National Bank can help with the redemption of the dollar. On Tuesday, most likely, there will be high volatility.” our notorious contractors with free hryvnia (after budget payments) “, – Andrey Shevchishin predicted next week.
The euro in cash has risen in price
The euro exchange rate on the world market corrected slightly after yesterday’s bullish jump: on December 18 it went from $ 1.2266 / € to $ 1.2235 / € after slowly oscillating between $ 1.2228-1.2272 / €.
Investors began to take the dollar more actively after the announcement that the US authorities will support its business and help it cover the losses derived from the coronavirus crisis. The amount of spending to stimulate the economy increased slightly, from $ 908 billion to $ 916 billion. At the same time, experts admit that the interest in the US currency will be short-lived, and very soon, traders will start buying euros again.
“The results of the meetings of several of the main central banks in the world, announced the other day, signify the continuation of soft monetary policy. This strengthens the growth prospects in the cost of risk assets and negatively affects the dollar” MUFG analysts said in a comment to Reuters.
In Ukraine, the euro raised the cash exchange rate very seriously: 20 kopecks for sale and 10 for redemption. After that, the average prices were at the following levels:
- up to 34.25-34.50 UAH / € – on sale;
- up to 33.70-33.90 UAH / € – for purchase.
