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Key developments in the Ukrainian foreign exchange market, January 2014

Official exchange rate of hryvnia against:

 

US dollar remained unchanged and as of 31.01.2014 stood at UAH 799.3000 per USD 100;

EUR had rallied by 19.18 kopiyok (1.74%) and as of 31.01.2014 stood at UAH 1084.9698 per EUR 100;

Russian Ruble had increased by 0.18 kopiyok (7.42%) and as of 31.01.2014 stood at UAH 2.2679 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 89,702.8 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:

 

-

 

1 742.3

US Dollar

-

-

840.00

1 267.2

Euro

-

-

     1106.15

   200.0

Pound Sterling

-

-

-

-

Swiss Franc

-

-

-

-

Australian Dollar

-

-

 715.87

   230.0

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)

        830.7466

               840.0674

Euro (for 100 units)

     1 129.6113

            1 156.0705

 

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 2, 465.5 million, including:

 

the amount of foreign exchange purchased by banks from individuals - USD 903.5 million;

 

the amount of foreign exchange sold to individuals - USD 1,562.0 million.

 

The international reserves (according to preliminary data) stood at USD 17,805.2 million as of 01.02.2014.

 

Individual deposits in hard currency (in dollar equivalent) had shrunk by USD 357.3 million and as of 01.02.2014 amounted to USD 22, 247.5 million.

 

Real effective exchange rate (REER) of Hryvnia

 

In December 2013, the real effective exchange rate of hryvnia (hereinafter referred to as the REER) had risen by 0.4 % versus November 2013. This was mainly due to movements in the hryvnia nominal effective exchange rate, which had increased by 0.3 %, largely on account of the appreciation of the hryvnia against the Russian and Belarussian rouble, Czech Koruna, etc. At the same time, the inflation differential had increased by 0.1 % as inflation in Ukraine was higher than its average weighted index in Ukraine’s main trading partners.

The REER of hryvnia has declined by 0.4 % versus December 2012. The exchange rate component contributed 4.0 % to the change in the REER of hryvnia, with the price component contributing “minus” 4.4 %.

 

 

 

 

 

 

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