Photo from UNIAN
In January-March 2019, the hryvnia strengthened against the dollar by 1.7%.
The hryvnia, Ukraine's national currency, in March fell against the U.S. dollar by 1.3% to UAH 27.21 (at the official rate of the National Bank of Ukraine/NBU), but rose against the euro by 0.3%, up to UAH 30.57.
In January-March 2019, the hryvnia strengthened against the dollar by 1.7%, while rising against the euro by 3.6%, the regulator said on its website.
The NBU added that the situation in the forex market in March remained favorable due to the inflow of foreign portfolio investments and the growth in foreign currency supply from bank customers in the first half of the month due to the completion of the deadline for paying annual taxes to the national budget.
At the same time, in the second half of March, the demand for currency increased, partly due to a number of random purchases by individual market participants.
Read alsoUNIAN polls experts on possible election impact on Ukraine's financial market
UNIAN memo. Ukraine's national currency strengthened against the U.S. dollar by 1.4% in 2018, to UAH 27.69 as of January 1, 2019.
Ukraine's national budget for 2019 is based on the forex rate expected at UAH 29.4 to the dollar by the end of 2019.
According to the consensus forecast compiled by UNIAN on the basis of experts' estimates, the hryvnia exchange rate against the U.S. dollar at the end of 2019 is expected at UAH 30.
The hryvnia's historic low against the U.S. dollar was UAH 30.01 per U.S. dollar in February 2015.