The National Bank of Ukraine (NBU) has announced stabilization in the foreign exchange market.
"The Ukrainian foreign exchange market calmed in September as FX demand fever subsided. Moreover, in the cash market, households turned back to net sellers of FX," the NBU said in a macroeconomic and monetary review for September 2018.
"In addition, the National Bank of Ukraine maintained its presence in the market with the aim of reducing FX volatility. Meanwhile, the NBU's role declined compared with August, and interventions were conducted both on the sale and the purchase sides," reads the report.
As UNIAN reported earlier, the national currency of Ukraine at the official exchange rate in August 2018 weakened by 5.7% against the U.S. dollar. Current quotes of the hryvnia against the U.S. dollar on the interbank forex market are UAH 28.18/28.21 per U.S. dollar, according to dealers of commercial banks.