Page 41 - UKRRptJan22

7.0 FX
Ukraine FX
Dec 2020
Jan 2021
Feb 2021
Mar 2021
Apr 2021
May 2021
June 2021
July 2021
Aug 2021
Sept 2021
Oct 2021
Nov 2021
Dec 2021
Currency (units per EUR) (average)
34.3
34.3
33.7
33.1
33.4
33.5
32.8
32.2
31.5
30.6
30.6
30.2
30.8
Currency (units per USD) (average)
28.2
28.2
27.9
27.8
27.9
27.6
27.2
27.2
26.8
26.4
26.4
26.5
27.2
source: NBU
Reports that Russia may be preparing to invade Ukraine have made the hryvnia and the ruble the worst performing currencies of the region in December, reports Bloomberg. In one month, the hryvnia has lost 4% of its value against the dollar. With the central bank aiming to cut inflation in half over the next year, the bank noted on December 9: “This decision is aimed at levelling the impact of additional pro-inflationary risks, improving inflation expectations and ensuring a steady reduction in inflation to 5%.”
In 2021, the NBU increased the net purchase of currency by $1bn. In 2021, the National Bank bought $3.69bn on the interbank foreign exchange market and sold one-third. In the last week of 2021, December 28-31, the regulator bought $ 5mn and sold another $4mn. For comparison, in 2020, the National Bank bought $4.93bn on the market and sold $3.89bn. Thus, the net redemption of foreign currency for the year increased to $2.41bn against $1.04bn in 2020.
41 UKRAINE Country Report January 2022 www.intellinews.com