The NBU attributed the current fluctuations of the hryvnia

The regulator has sold to banks of nearly $ 30 million.

The national Bank of Ukraine on the foreign exchange auction on Monday, 4 December, banks sold is 29.4 million dollars. As reported on the website of the NBU, the average rate of the auction was 27,1808 of the hryvnia/dollar, and the total volume of received applications for participation in the auctions – 43.6 million dollars.

The average rate of hryvnia on the interbank market, according to the NBU, by 14:00 was established at the level 27,2182 of the hryvnia/dollar.

In NBU note that the situation on the currency market is under control. This was announced by the head of the Board Bogdan Danilishin on his page in Facebook.

“We expect moderate exchange rate volatility to the end of the year. The reasons for this are the dynamics of currency proceeds from exports of new harvest and some fundamental factors, primarily external pricing environment, which continues to be favorable for the products of domestic exports,” wrote he.

According to him, remain relatively high world prices for Ukrainian steel, iron ore and wheat. In addition, in October recorded a decrease of the current account deficit of the balance of payments and on the cash currency market has recovered the excess supply of foreign currency from the population on demand.

“As for the current exchange rate of the hryvnia and the situation on the currency market, but now the rate of returns to fluctuations on the level close to the one that was at the end of last year and the beginning of the current year”, – added he.

He explained the current fluctuations on the currency market seasonal decline in export earnings for certain groups of goods, increased demand for foreign currency for the purchase of energy.

In addition, as noted Danylyshyn, pressure on the exchange rate prompted the recent payment of VAT refunds to exporters, which reduces the need for them in foreign currency exchange and stimulates to allocate funds for its purchase.

He explained that the growth of export earnings of farmers in recent years stimulates the growth of import of agricultural machinery and farmers are buying fertilizers for the needs of the sowing campaign of winter crops. He also recalled that the course on the basis of which calculated the state budget for 2017 at the level of 27.2 per dollar, is a purely technical indicator and not a target for NBU or market.

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