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Key developments in the Ukrainian foreign exchange market, December 2013

Official exchange rate of hryvnia against:

 

US dollar remained unchanged and as of 31.12.2013 stood at UAH 799.3000 per USD 100;

EUR had fallen by 17.74 kopiyok (1.63%) and as of 31.12.2013 stood at UAH 1104.1530 per EUR 100;

Russian Ruble had dropped by 0.04 kopiyok (1.54%) and as of 31.12.2013 stood at UAH 2.4497 per RUR 10.

 

Turnover of cashless foreign exchange transactions on the interbank foreign exchange market of Ukraine (purchase and sale in dollar equivalent) amounted to USD 79,862.1 million (including transactions conducted by the State Treasury Service of Ukraine).

 

Interventions carried out by the National Bank of Ukraine on the interbank foreign exchange market of Ukraine: 

Currency

Purchase

Sale

Average weighted exchange rate of Hryvnia (for 100 units of currency/for 10 troy ounces )

Amount(million units of currency/ thousand troy ounces )

Average weighted exchange rate of Hryvnia (for 100 units of currency/ for 10 troy ounces)

Amount(million units of currency/ thousand troy ounces)

All currencies in Dollar equivalent, including:

 

-

 

942.0

US Dollar

-

-

815.01

430.3

Euro

-

-

1112.42

305.0

Pound Sterling

-

-

1332.43

13.0

Swiss Franc

-

-

-

-

Australian Dollar

-

-

 742.99

81.0

Other currencies

-

-

-

-

 

Average weighted hryvnia exchange rate for cash foreign exchange transactions carried out by Ukrainian banks against: 

Currency

Purchase

Sale

US dollar (for 100 units)

822.2443

826.9355

Euro (for 100 units)

1 122.4375

1 141.7109

 

Turnover of cash foreign transactions on the interbank foreign exchange market of Ukraine (purchase and sale of foreign exchange against hryvnia in Dollar equivalent) amounted to USD 3, 515.8 million, including:

 

the amount of foreign exchange purchased by banks from individuals - USD 1, 287.8  million;

 

the amount of foreign exchange sold to individuals - USD 2, 228.0 million.

 

The international reserves (according to preliminary data) stood at USD 20,415.7 million as of 01.01.2014.

 

Individual deposits in free-converted currency (in dollar equivalent) had shrunk by USD 191.2 million and as of 01.01.2014 amounted to USD 22, 604.8 million.

 

Real effective exchange rate (REER) of Hryvnia

 

In November 2013, the real effective exchange rate of hryvnia (hereinafter referred to as the REER) had risen by 0.8 % versus October 2013. This was mainly due to movements in the hryvnia nominal effective exchange rate, which had increased by 1.1 %, largely on account of the appreciation of the US dollar against the basic world currencies. At the same time, the inflation differential had decreased by 0.2 % as inflation in Ukraine was lower than its average weighted index in Ukraine’s main trading partners.

The REER of hryvnia has edged down by 0.8 % versus December 2012. The exchange rate component contributed 3.7 % to the change in the REER of hryvnia, with the price component contributing “minus” 4.5 %.

 

 

 

 

 

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