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The economic situation is in favor of the national currency.
The situation in the foreign exchange market is fully stable and consistent with fundamental economic parameters, said Deputy Head of the National Bank of Ukraine, Dmytry Solohub.
"In our opinion, the situation in the foreign exchange market is fully stable and consistent with fundamental economic parameters," Solohub told a Kyiv briefing Thursday.
The situation in the economy, he says, is now in favor of the hryvnia, as the current account deficit of the balance of payments has decreased, while grain exports have grown.
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"We're seeing different trends affecting the situation. But to say that now we will definitely see the weakening or strengthening of the hryvnia... it's the market that determines this," Solohub said, commenting on the hryvnia rate forecast.
As UNIAN reported earlier, on Thursday, October 24, the National Bank of Ukraine established the official hryvnia to dollar exchange rate at UAH24.89.
Taking into account this indicator, the Ukrainian hryvnia from the beginning of the month slid against the dollar by 70 kopiykas, or by almost 3%.