NBU, banks agree on exchange rate of UAH 15-16 per dollar

The National Bank of Ukraine (NBU) and bankers have agreed on the equilibrium exchange rate of UAH 15-16 per U.S. dollar, the NBU’s press service has told Ukrinform.
“We think and feel that we have found the equilibrium exchange rate of the hryvnia. The banks have set the hryvnia fluctuation range at a level of UAH 15-16 [per U.S. dollar], owing to NBU auctions and the exchange rate at which they bought foreign currency. Following today’s auction, the average rate is UAH 15.22 [per U.S. dollar]. We have agreed on this rate,” the NBU said.
The central bank’s press service said that the NBU did not plan to introduce new administrative measures to stabilize the exchange rate.
As reported, since November 5 the NBU has sold foreign currency to banks at daily auctions in small amounts of $5-10 million in order to find the equilibrium rate.

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