Principle tendencies of foreign exchange market of Ukraine
The official information of Ukraine`s central bank
According to the official information of the central bank of Ukraine, the official exchange rate of Hryvnia against:
dollar US has decreased by 1.53 kopiykas (0.32 %) and as of 30.09.2008 has amounted to 486.1 UAH/100 USD;
EUR has increased by 18.25 kopiykas (2.55%) and as of 30.09.2008 has amounted to 697.5049 UAH/100 EUR;
Russian Rouble has increased by 0.049 kopiykas (2.46%) and as of 30.09.2008 has amounted to 1.9254 UAH/10 RUR.
Volume of transactions at the interbank foreign exchange market of Ukraine (purchase and sale in dollar equivalent) - 19027.3 USD million.
NBU interventions at the foreign exchange market of Ukraine (balance) have equaled minus 150.3 USD million (in Dollar equivalent).
Volume of transactions at the cash market of Ukraine (purchase and sale of foreign exchange against Hryvnia in Dollar equivalent) 6390.6 USD million, including:
- volume of foreign exchange purchased by banks from individuals - 2534.8 USD million;
- volume of foreign exchange sold to individuals - 3855.8 USD million.
International reserves, total (operative data) - 37528.60 USD million.
Natural persons bank deposits in free-converted currency (in Dollar equivalent) have increased by 301.6 USD million and as of 30.09.2008 have amounted to 15662.1 USD million.
Real effective exchange rate (REER) of Hryvnia
According August 2008 results, the growth rate of REER over December, 2007 amounted to 9.4 %. It was caused by the acceleration of inflation level in Ukraine which exceeded by 8.5 pct relative indicators of other countries - Ukraine`s basic trade partners.
At the same time, contribution of the exchange rate component to the increase of Hryvnia REER amounted to + 0.93%, due to the August strengthening of US dollar in international markets.