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UAH/USD Official Exchange Rate Strengthened in August

According to preliminary results, foreign currency input by non-residents exceeded transfers to them by $1.7 billion US in August 2011. This facilitated to preserve a net supply of foreign currency on non-cash segment of the currency market and reduce the net demand for cash.

The National Bank of Ukraine carried out transactions of buying and selling foreign currency within the month. The positive balance of foreign exchange interventions totaled $322.4 mln.

International reserves volume in August raised by 1.04% – to $38.2 billion US. This is sufficient to finance future import of goods and services for 4.6 months.

During the month, the UAH/USD exchange rate on non-cash transactions decreased by 0.02% – down to 7.9968/1 (UAH /USD), and transactions for the sale of USD cash – down 0.21% – to 8.0157/1 (UAH/USD).

As of the official UAH/USD rate in August strengthened by 0.01% – up to 7.9707/1 (UAH/USD) against the Russian ruble – by 4.4% – up to 2.7621/10 (UAH/RUR), and the euro has depreciated by 0.99% – up to 11.4794 UAH/Euro.

Source: National Bank of Ukraine

 
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