The dollar rate in Ukraine is creeping down

Today, March 21, the national Bank of Ukraine (NBU) has established such rates of major foreign currencies against the hryvnia:

1 US dollar UAH of 26.88;
1 Euro 28,9 UAH;
10 Russian rubles – UAH 4,69.

Thus, the dollar, compared to yesterday’s values fell by two pennies.

The Euro fell to a penny. The Russian ruble is “recovered” for five cents.

Monday, March 20, the dollar on the interbank currency market of Ukraine fell by a penny. The auction ended with quotes 26,87 – 26,91 UAH/USD. Today’s auction has not started yet.

Analysts believe that the transfer of the IMF tranche is not much, but the effect on the hryvnia exchange rate. In the Memorandum with the IMF recorded an average annual clearing rate higher than the current levels of 27.2 UAH/USD.

Yesterday the issue of Ukraine, is scheduled for consideration on March 20, disappeared from the agenda of the meetings of the Board of Directors of the IMF. Now the agenda is painted to 24 March and Ukraine in it.

The Minister of Finance of Ukraine Alexander danyluk explained it by technical reasons. “The postponement was due solely to the need to clarify calculations of the economic consequences of the measures taken by Ukraine in response to the blockade, the seizure of Ukrainian enterprises in uncontrolled territories, and also in connection with the recognition by the Russian side of the documents issued in these areas”, — said danyluk. According to him, the consultations with the IMF will be completed in a short time.

  • In 2017, Ukraine’s Finance Ministry expects a rate of 27.2 UAH per dollar. The head of the NBU Valeria Gontareva considers budgeted-2017 the dollar is realistic. At the same time 2017-1018 year, according to calculations of the Ministry of economy, the dollar could jump up to 35 UAH;
  • For 2015 , the hryvnia depreciated by half, and for 2016 , the hryvnia depreciated by 12.9%, entering the TOP 3 of the weakest currencies of the CIS;
  • According to the “big Mac index” , the dollar in Ukraine has to cost a little more than 8 UAH;
  • The historical maximum the official rate of the dollar – 30.01 UAH/USD. – was made in Feb 2015.