Hrivna strengthened

The National Bank of Ukraine reports strengthening of the exchange rate for the national currency – the Hrivna. Since the beginning of July the Hrivna has increased 0.16% to Hr 7.8925 to the dollar on the interbank market and exchange offices it is up 0.24% to Hr 7.8953 per dollar. “From the beginning of July we have seen the value of foreign currency receipts from non-residents exceed the levels of transfers of money out of the country”, said a spokesperson for the National Bank. Taking advantage of the favourable market conditions, the National Bank has increased its international reserves by buying the foreign currency.

The official exchange rate for the Hrivna to dollar strengthened 0.17% to 7.8932. The dynamics of Hrivna to Euro and Russian Rouble exchange rates followed those of the international markets. Since the beginning of July the Hrivna has fallen against the Euro by 6.95% to 10.3156 and against the Russian Rouble by 3.05% to Hr 2.6121 for 10 roubles.