UAH rate to "stabilize" in January: Groysman

REUTERS

17:50, 22.12.2017

1 min. 399

Fluctuations in the hryvnia exchange rate that brought the U.S. dollar to UAH 28 in exchange offices across Ukraine are of seasonal nature, and the situation will stabilize in January, Prime Minister Volodymyr Groysman told a press conference in Kyiv, reporting on the results reached in 2017.

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"Rate fluctuations are absolutely seasonal. In January the situation stabilizes, you know that," the prime minister said.

UNIAN memo. Today, December 22, hryvnia quotations against the U.S. dollar in the interbank foreign exchange market by 12:30 were set at UAH 27.93 / UAH 27.95.

Read alsoHryvnia weakens to UAH 28 to dollar on interbank marketThe National Bank explains the current fluctuations in the currency exchange market by seasonal factors, including the purchase of energy and the growth of imports on the eve of the New Year holidays, as well as large VAT compensatory payments.

Read alsoUkraine's economy ministry expects 13.4% inflation in 2017The state budget of Ukraine for 2017 assumes the average annual exchange rate of the hryvnia at about UAH27 / USD.

The hryvnia’s historical minimum against the U.S. dollar was recorded in February 2015 amounting to UAH 30.01 / USD.

Ukraine hryvnia Groysman forex UAH

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