NBU restrains the dollar exchange rate on the interbank market, but the hryvnia has again hit a new low

The National Bank of Ukraine has prevented a sharp increase in the dollar exchange rate on the interbank currency market, keeping it from rising to the level of 44 hryvnias per dollar. At the same time, the official exchange rate of the national currency has once again reached a historical minimum.

This is reported by AgroReview

Official hryvnia exchange rate lowered again

According to information from the regulator, as of March 6, the exchange rate is set at 43 hryvnias 80.69 kopecks per dollar. This is 9 kopecks higher compared to the previous day’s figure. Thus, the official hryvnia exchange rate has updated its minimum against the US currency for the second time in a row this week.

The previous record was recorded on March 3: at that time, the exchange rate for March 4 was 43 hryvnias 45.48 kopecks per dollar.

Dynamics of the interbank market and NBU actions

According to financial analysts, on March 4, trading on the interbank market ended with an exchange rate of 43 hryvnias 63 kopecks per dollar. This is 29 kopecks lower than the starting figures at the opening of the session. Experts attribute the stabilization to the active policy of the National Bank, which is entering the market with currency sales, restraining further increases in quotes.

“The National Bank is actively selling currency on the interbank market, which is bringing down the quotes,” analysts from the Minfin website noted at noon.

Recall that on October 3, 2023, the hryvnia exchange rate changed for the first time since July 2022. Prior to this, the official rate had been maintained at the level of 36 hryvnias 57 kopecks per dollar for over 14 months.