NBU assures no threat to hryvnia

The situation on the foreign exchange market is currently under the control of the National Bank of Ukraine (NBU) and there are no threats for the national currency, says Chairman of the NBU Council Bohdan Danylyshyn.

"I just want to reassure that there is no threat to the national currency, the situation is under the NBU's control, it is also being monitored by the NBU Council, which defines the Basic Principles of Monetary Policy," he wrote on Facebook.

According to Danylyshyn, there are currently no fundamental factors for the devaluation of the hryvnia.

"If we analyze the dynamics of the hryvnia exchange rate against the U.S. dollar in recent years, the current situation in the currency market of Ukraine is traditional, since there is a clear seasonality of the exchange rate dynamics with peaks of hryvnia devaluation in January-February," he added.

Read alsoBig Mac index shows Ukraine's hryvnia undervalued by 69% – The EconomistAs UNIAN reported earlier, in late December, Ukrainian Prime Minister Volodymyr Groysman said that fluctuations in the hryvnia exchange rate, as a result of which the value of the dollar in Ukraine's exchange offices reached UAH 28, were seasonal, and the situation would stabilize in January.

The state budget of Ukraine for 2018 assumes the average annual rate of hryvnia at the level of UAH 29.3 to the dollar, and UAH 30.1 at the end of the year.

Hryvnia's historic low against the U.S. dollar was at UAH 30.01/USD in February 2015.