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At the box office, the dollar rose 5 kopecks. Photo: Country
On October 23, the exchange rate oscillation on the interbank market ended with the return of prices to yesterday’s level: 28.31-28.32 UAH / $. So the week ended without cash. At the box office, “American” went up 5 kopecks and came out at night for:
- 28.45-28.55 UAH / $ – on sale;
- 28.15-28.25 UAH / $ – for purchase.
“The demand for cash has grown significantly. The population and small businesses have become more active in accepting it. Perhaps because of the increase in prices, or perhaps because of the nervousness before the local elections,” financial analyst Vasily Nevmerzhitsky commented on the situation to “Strana”.
The volume of transactions in the interbank market was small: it decreased from $ 117 million to $ 113 million. At first, non-cash quotations held at UAH 28.28-28.2850 / $, but after foreigners came out to buy the dollar, they rose rapidly at 28.30-28. , UAH 31 / $, and added a kopeck at the end of the auction.
“Non-residents have started to reduce their positions more actively and withdraw capital from Ukraine. I think two factors played a role: the local elections in Ukraine, to be held this Sunday, and the associated political risks, as well as an increase on the incidence of COVID-19 in Europe “. European banks, just in case, collect liquidity from their subsidiaries around the world, including Ukrainian ones, “the Treasury director of a bank with foreign capital explained to Strana.
The supply of foreign exchange in the interbank market was small, mainly due to the staggered payments of VAT refunds. The State Treasury started them yesterday (transferred to the company 430.5 million UAH), and today it continued to pay – sent the companies another 404.6 million UAH. Exporters wait for the hryvnia and are in no rush to sell the stored dollar.
Banks, by the way, do the same. For their own reasons, they expect the maximum increase in the price of the dollar as currency sales decline.
“Financial institutions have formed their exchange positions at lower rates and are in no hurry to part with them. Everyone understands that the dollar will rise in price and they want to sell it at the peak of the price,” said Vasily Nevmerzhitsky.
To prevent the situation from getting out of control, the National Bank announced today in the interbank market. From the very morning he announced his willingness to sell the dollar at 28.32 UAH / $ (even when it cost 28.2850 UAH / $ on the market), and with all his appearance made it clear that he was willing to insure those who did not have enough currency in the market. The treasurers call this “verbal intervention.”
Today there was no global demand for the dollar and there was no enthusiasm. And the NBU coin was expensive, so no one rushed to buy it from the regulator. As a result, the regulator did not sell a single dollar and did not allow the market to panic.
But the Finance Ministry made it clear from his looks that he is not very good with money. Announced next Tuesday, October 27, immediately 4 hryvnia government bond issues for sale:
- 6 months old;
- 12 months;
- 2 year old children;
- 4 years.
Financiers trust that state banks will become their main buyers. Also, by the way, like last week, when the government placed government bonds for 7.2 billion UAH. Next week, the Cabinet will have a single payment of the state debt: on October 28, it will be necessary to pay interest on government bonds in the amount of UAH 895 million.
On Monday, October 26, the opening of the interbank market is expected to be between 28.30 and 28.35 UAH / $. At the same time, financiers do not exclude the movement for UAH 28.40 / $.
Good news raised the euro
The exchange rate of the euro on the world market today has grown from $ 1.1821 / € to $ 1.1838 / €, after the stock exchanges were trading at $ 1.1787-1.1860 / € during the day.
The European currency was supported by the report on a slight decrease in the composite index of business activity in industry and services (PMI) of the euro area, from 50.4 to 49.4 points. Although experts admitted its strong collapse. The news that the situation was not as bad as many thought supported the markets.
Investors have followed the last presidential debate before the November 3 US presidential election with great interest: White House Chief Donald Trump and Democratic opponent Joe Biden in Nashville, Tennessee.
“The final debate was definitely more productive than the first one, but I don’t think there has been any significant change in electoral expectations,” Joe Manimbo, senior market analyst at Western Union Business Solutions, told Reuters.
Traders continued to reject large dollar purchases and more often preferred the euro due to political risks. Therefore, the EU single currency gradually grew on the stock exchanges.
In Ukraine, the euro cash rate has not changed today:
- for 33.60-33.80 UAH / € – for sale;
- for 33.10-33.30 UAH / € – for purchase.
