NBU: Expanding discrepancy of hryvnia exchange rate on cash, interbank markets linked to human element of demand

18:26, 18.08.2016 1 min read

The National Bank of Ukraine (NBU) explains almost 3% deviation of the hryvnia exchange rate on the cash market increasing higher than UAH 26/$1 from the exchange rate on the interbank market by prevailing of human factors in demand on foreign currency, which are not in line with the economic situation, the press service of the regulator has told Interfax-Ukraine.

"The fact that the exchange rate deviated from the interbank rate by 3% shows that large human factors influence on demand on the currency. This is not in line with the economic situation that forms a stable balance of demand and supply on the currency on the Ukrainian interbank currency market," the press service said.

According to the NBU's calculations, the hryvnia exchange rate on the interbank market at 16:30 increased from UAH 25.0887/$1 as of August 17 to UAH 25.1698/$1.

The hryvnia exchange rate at exchange offices on Thursday increased more than UAH 26/$1.