In June, the state of the foreign exchange market remained stable under the control of the National Bank of Ukraine (NBU). The exchange rate of the hryvnia under the influence of market factors floated, demonstrating a slight devaluation strengthening on average during the month. The difference between cash and official hryvnia rates was stored within acceptable limits, not exceeding 1.3%.
According to the NBU, the main factors that strengthened the demand for foreign currency were the intensive spending of the budget, the intensification of fuel purchases before the expected increase in excise tax and import of electricity due to the loss of generating capacity. Businesses also performed operations that became available due to May liberalization.
The NBU continued to intervene in the foreign exchange market, in particular the net sale of foreign currency amounted to $ 3.0 billion in June, holding the structural shortage of foreign currency under control.
