National Bank of Ukraine doubles its net forex interventions last week
MOSCOW. April 28 (Interfax) – Foreign currency sales by the National Bank of Ukraine (NBU) on the interbank market went up 96.9%, or by $304.5 million to $618.9 million last week, Ukrainian media said, citing the statistics provided by the regulator.
The NBU bought $800,000 last week versus $10 million the week before, boosting its net forex interventions over the week by 103.1% to $618.1 million, the bank said.
In total, the NBU has sold around $10.860 billion since the beginning of the year, which is 36.9% more than in the first four months of 2024.
However, despite the increase in interventions, in the period from Monday to Thursday (days for which NBU data has been published) the amount of forex purchased on the cash market was $3.7 million higher than forex sales only on Wednesday, with the opposite situation observed on the other days. Thus, the positive balance declined from $13.06 million on Monday to $6.01 million on Tuesday, and to $3.8 million on Thursday.
Last week, the hryvnia’s exchange rate to the dollar weakened by 36 kopecks from UAH 41.3955 to the dollar to UAH 41.7513 to the dollar.
Due to the dollar’s decline on world markets, the euro’s official exchange rate hit an all-time high of UAH 47.7653 to the euro on April 22, correcting downward to UAH 47.3856 to the euro by the end of the week. On the whole, the euro’s exchange rate to the hryvnia gained 6 kopecks over the week.
On the cash market, the dollar rose by nearly 50 kopecks in the first half of the week to UAH 41.45/$1 in buy price and to UAH 41.56/$1 in sell price. The dollar’s exchange rate remained at the same level in the second half of the week.
