National Lender expects no classic autumn shocks in Ukraine's foreign exchange sector this 12 months – UNIAN
The typical every month fluctuation of the hryvnia offers to the dollar does not exceed 10%, which in the circumstances of flexible price development, is inside of the norm.
This 12 months, the National Lender does not expect any shocks in Ukraine’s international exchange sector that have turn out to be classic for the autumn time period, in accordance to Deputy NBU Governor Dmytro Solohub.
“We have a floating price, whose fluctuations could be observed in two directions. Some conditions of trade may adjust, but at this stage we are viewing no prerequisites for a radical adjust in the economic scenario and that in the international exchange sector,” Solohub stated.
In accordance to him, the typical every month fluctuation of the hryvnia offers against the dollar does not exceed 10%, which in the circumstances of flexible exchange price development, is inside of the norm and in line with fluctuations of other European currencies.
“We see no prerequisites for fundamental variations as we are seeking at the macroeconomic scenario in Ukraine,” Solohub emphasized.
As UNIAN described previously, the Ukrainian hryvnia at the formal price of the National Lender of Ukraine for July strengthened against the U.S. dollar by 4.4%, up to UAH 25.02. Existing quotations of the hryvnia against the U.S. dollar in the interbank international exchange sector stand at about UAH 25.fifteen. The 2019 state budget of Ukraine is primarily based on the projected hryvnia price to the U.S. dollar by the conclusion of 2019 at UAH 29.4.
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