Bailout for hryvnia: NBU sells $75 mln on Dec 18

The total sum of submitted bids was $81.4 million, while the average weighted interbank forex rate was UAH 27.8832 to the dollar as of 13:30, reads the report.

According to the NBU, the hryvnia's average exchange rate on the interbank market was set at UAH 27.83/27.87 to the dollar.

Read alsoNBU cuts official exchange rate to UAH 27.63 to dollarThe National Bank explains the current fluctuations in the foreign exchange market by seasonal factors, including the purchase of energy carriers and the growth of imports on the eve of the New Year holidays, as well as large payments of value-added tax refunds.

The national budget foresees the average annual forex rate at about UAH 27 per U.S. dollar.

The record high level of the hryvnia-dollar forex rate was registered in February 2015 when it was UAH 30.01 per U.S. dollar.