Ukraine's hryvnia slides to UAH 27.06 to U.S. dollar on March 18

The official forex rate against the euro for Wednesday is fixed at UAH 29.73 per euro.

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The National Bank of Ukraine (NBU) on March 17 set the official forex rate for March 18 at UAH 27.06 to the U.S. dollar, which let the country's national currency slump by 54 kopiykas.

The Central Bank fixed the following official forex rates of the hryvnia against key foreign currencies for March 18:

US$100 will be traded for UAH 2,705.66 (UAH 2,652.49 as of March 17);

EUR 100 will be traded for UAH 2,972.71 (UAH 2,952.49 as of March 17).

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As UNIAN reported earlier, the National Bank of Ukraine (NBU) spent US$981.6 million from reserves to support the hryvnia, Ukraine's national currency, on March 10-13.

The regulator sold US$130.5 million at a currency auction on March 16 alone.

There has been an increased demand for currency on Ukraine's forex market, formed by Ukrainian companies. However, foreign currency purchases by non-residents aiming to withdraw from domestic government loan bonds market is not yet significant, according to the NBU.

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