NBU explains hryvnia's drop against dollar in Nov

The regulator noted that in the first half of November the hryvnia had strengthened against the dollar in the foreign exchange market.

Read alsoNBU cancels "anti-crisis" resolution reallowing sanctions against banksHowever, in the third decade of the month, devaluation pressure was restored in response to a seasonal decline in export earnings for certain groups of goods and an increase in demand for currency from enterprises of the fuel and energy complex.

Read alsoUkraine's regulators uncertain on cryptocurrency status, warning of risksMeanwhile, in the cash foreign exchange market, currency supply from the population resumed its prevalence over demand, which still remained relatively high due to seasonal deterioration in the exchange rate expectations of the population.

At the same time, the National Bank maintained its presence in the foreign exchange market to replenish international reserves and react to excessive exchange rate fluctuations. As a result of November, the regulator bought $139 million more than it sold, and since the beginning of the year, net purchases totaled $1.4 billion.