REUTERS
The average monthly fluctuation of the hryvnia quotes to the dollar doesn't exceed 10%, which in the conditions of flexible rate formation, is within the norm.
This year, the National Bank does not expect any shocks in Ukraine's foreign exchange market that have become traditional for the autumn period, according to Deputy NBU Governor Dmytro Solohub.
"We have a floating rate, whose fluctuations could be observed in two directions. Some terms of trade may change, but at this stage we're seeing no prerequisites for a radical change in the economic situation and that in the foreign exchange market," Solohub said.
According to him, the average monthly fluctuation of the hryvnia quotes against the dollar does not exceed 10%, which in the conditions of flexible exchange rate formation, is within the norm and in line with fluctuations of other European currencies.
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"We see no prerequisites for fundamental changes as we're looking at the macroeconomic situation in Ukraine," Solohub emphasized.
As UNIAN reported earlier, the Ukrainian hryvnia at the official rate of the National Bank of Ukraine for July strengthened against the U.S. dollar by 4.4%, up to UAH 25.02. Current quotations of the hryvnia against the U.S. dollar in the interbank foreign exchange market stand at about UAH 25.15. The 2019 state budget of Ukraine is based on the projected hryvnia rate to the U.S. dollar by the end of 2019 at UAH 29.4.