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Interbank hryvnia rate up by 30 kopecks to 8.00 Hr/$
23 December 2008, 18:02 | Ukrainian News
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The hryvnia rate rose by 30 kopecks to 8.00 Hr/$ on the interbank currency market on Tuesday after remaining unchanged on Monday.
According to currency dealers for commercial banks, the hryvnia's exchange rate fluctuated within 7.95-8.30 Hr/$ at the start of the trading, then narrowed to 8.05-8.20 Hr/$, and fell to 8.00-8.10 by the end of the trading.
The National Bank announced intervention in dollar sale at 8.00 Hr/$ and purchase at 7.8788 Hr/$.
According to the market participants, the majority of deals were made at the rate close to 8.00 Hr/$.
The hryvnia rate has fallen by 58.4% from 5.05 Hr/$ on the interbank currency market since the start of this year.
As Ukrainian News earlier reported, the hryvnia fell by 0.099% from 5.0450 to 5.0500 Hr/$ on the interbank market in 2007 after rising by 0.099% from 5.0500 to 5.0450 Hr/$ in 2006.
Comments (4)
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Guest (Guest) | 24.12.2008, 10:50
The World Bank forecasts the exchange rate to be around 15 UAH/$ in mid 2009. Such a shock would be heavy for Ukraine, but lead to unavoidable increase of competition among domestic producers and pushing innovation. The question will be how hard Ukraine will have to fight to adopt.
Answer
Guest (Guest) | 24.12.2008, 11:41
That is not true.
Pls see the latest outlook for Uk uploaded to the worldbank site.
Devalution at a rate of 30% is forcasted
Pls see the latest outlook for Uk uploaded to the worldbank site.
Devalution at a rate of 30% is forcasted
Answer
Guest (Guest) | 26.12.2008, 14:22
In the German newspaper \\\"Die Presse\\\" it is said that the IMF expects the Dollar to cost about 15 Hryvnia in early spring 2009 in the worser case.
Source: http://diepresse.com/home/wir tsch aft/eastconomist/439255/index .do? _vl_backlink=/home/wirtschaft /eas tconomist/index.do
Answer
Guest (Guest) | 26.12.2008, 14:22
IMF and Worldbank are not the same.
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