REUTERS
The official forex rate against the euro for Friday is fixed at UAH 30.09 per euro.
The National Bank of Ukraine (NBU) on March 19 set the official forex rate for March 20 at UAH 27.80 to the U.S. dollar, which let the country's national currency slump by 53 kopiykas.
The Central Bank fixed the following official forex rates of the hryvnia against key foreign currencies for March 20:
US$100 will be traded for UAH 2,780.25 (UAH 2,726.85 as of March 19);
EUR 100 will be traded for UAH 3,009.34 (UAH 2,979.36 as of March 19).
As UNIAN reported earlier, the increased demand for foreign currency, which has been observed in Ukraine for the second week in a row, is caused by the deterioration of market sentiment due to the global spread of coronavirus.
Read alsoExperts give outlook for hryvnia rate
The NBU said it would impose no restrictions on Ukraine's forex market and would continue to mitigate excessive fluctuations through the sales of currency from reserves. Last week, the regulator spent US$981.6 million to support the hryvnia. Some US$738 million was spent over three days this week.
Ukraine's international reserves stood at US$26.6 billion as of March 1, 2020, which was 5% up against the figure recorded at the beginning of the year.
The central bank in 2019 bought US$7.9 billion on the interbank forex market to replenish the country's international reserves.