The National Bank of Ukraine set the official dollar exchange rate on October 28 at 42 hryvnias and 7.04 kopecks. This is the first time since January 2025 that the official rate has exceeded the 42 hryvnia mark per dollar — the last time this occurred was on January 29.
This is reported by Finway
Situation on the Interbank Currency Market
According to data from Bloomberg, trading on the interbank currency market on January 10 ended at 42 hryvnias and 5 kopecks per dollar. This situation indicates increased volatility in the currency market, which has been ongoing for several months.
Supply and Demand: Who Shapes the Market
Analysts from the Minfin website note that currently, demand for currency exceeds supply. Among the main sellers are agricultural enterprises and partially the National Bank itself, while the main buyers include energy importers, state companies, and retailers.
“Demand exceeds supply. Among the sellers are mostly agrarians and partially the National Bank. Buyers include energy importers, state companies, and retailers,” analysts from the Minfin website reported as of 1:00 PM.
It is worth noting that on October 3, 2023, the official dollar exchange rate shifted for the first time in over 14 months, having remained at 36 hryvnias and 57 kopecks per dollar — this stability lasted since July 21, 2022.