REUTERS
The hryvnia exchange rate keeps being formed due to supply and demand.
Governor of the National Bank of Ukraine (NBU) Yakiv Smolii has said political uncertainty did not affect the foreign exchange market of Ukraine, while the hryvnia exchange rate is formed only under the influence of market supply and demand.
"Double elections are really connected with the expectations of certain risks in financial markets. But this absolutely in no way affected the exchange rate. It keeps being formed due to supply and demand," he told a briefing.
According to Smolii, favorable conditions for Ukrainian exports, the inflow of investments from non-residents into Ukraine's debt securities, as a result of which the supply of currency in the market grew, have been the factors of strengthening the hryvnia in recent times.
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As UNIAN reported earlier, the NBU on Thursday evening weakened the official hryvnia exchange rate by 17 kopiykas, bringing the national currency to UAH 26.03 to the dollar.
The national budget of Ukraine for 2019 is based on the forecast rate set at UAH 29.4 to the dollar by the end of 2019.
According to the expert consensus forecast compiled by UNIAN, the hryvnia exchange rate against the U.S. dollar at the end of 2019 is expected at UAH 30.
Hryvnia's historic low against the U.S. dollar was registered at UAH 30.01 in February 2015.