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Foreign Exchange Market Conditions in November 2011 (according to preliminary data)

07.12.2011

press release

 

 

In November the average daily foreign exchange earnings from non-residents increased by 5.5 % versus October, having exceeded remittances to non-residents by USD 2.2 billion. It contributed to a 12.2 % increase in the average daily supply of foreign exchange in the interbank market and reduced the average daily net demand for cash foreign exchange twice.

 

The average daily demand for foreign exchange in the cash segment shrank by 4.1 % versus October, with supply of foreign exchange remaining almost unchanged.

 

Since the beginning of November 2011, the market exchange rate of the hryvnia against the US dollar on cashless transactions has declined by 0.09 % to UAH 8.0168 per USD 1, whereas that on cash transactions on sale of US dollars has decreased by 0.02 % to UAH 8.0533 per USD 1.

 

According to the official exchange rate in November, the hryvnia has depreciated by 0.16 % against the US dollar to UAH 7.9897 per USD 1. The hryvnia has firmed against the euro and the Russian ruble by 5.67 % (to UAH 10.6551 per EUR 1) and by 4.39 % (to UAH 2.5509 per RUR 10) respectively.

 

 

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Last modification   07.12.2011