Ukraine's hryvnia continues strengthening against U.S. dollar, euro

The National Bank of Ukraine (NBU) has set the following official forex rates of the hryvnia against the U.S. dollar and the euro for Monday, September 30: US$100 will be sold for UAH 2,408.2809 (UAH 2,418.6956 on September 27) and EUR 100 for UAH 2,633.4552 (UAH 2,645.5692 on September 27).

Quotations of the hryvnia against the U.S. dollar on Ukraine's interbank forex market on September 27 at the close of trading settled at UAH 24.10/24.13 per U.S. dollar and those against the euro at UAH 26.35/26.38 per euro.

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As was the case the previous week, the official exchange rate of the hryvnia against the dollar last week updated three-year highs three times.

The Central Bank explained that the hryvnia was strengthening amid cheaper oil and gas imports, backed by favorable conditions for exports from Ukraine.

In addition, the IT industry continues its growth, and nonresidents are buying significant volumes of hryvnia-denominated government bonds.

Speaking in a comment for UNIAN, Deputy Chairman of Citibank's board Vladyslav Sochynsky forecast that the situation on the Ukrainian currency market would remain favorable in the coming months, and the forex rate against the U.S. dollar might even cross the UAH 24 level next week.