The situation on the foreign exchange market of Ukraine, in general, is stabilized, and at the end of the month, the official exchange rate of hryvnia against the US dollar and the euro remained almost at the level of August, UNIAN reports.
This is stated in the macroeconomic and monetary survey of the National Bank of Ukraine for September, published on the site of the regulator. According to the NBU, the stabilization was the result of a decrease in demand for currency both in the interbank and cash markets, where the population’s prevalence of supply over demand was restored.
It is also reported that in order to reduce the fluctuation of the rate, the regulator retained its presence in the foreign exchange market, conducting the purchase and sale of currency. At the same time, unlike in August, the National Bank bought more currency than sold in September, worth about 53 million dollars. As UNIAN reported, the national currency of Ukraine devalued to the US dollar by 5.7% at the official exchange rate for August.