In May 2012, a surplus in net foreign currency earnings in favor of residents was recorded. There was an imbalance between supply and demand for foreign exchange in the interbank foreign exchange market of Ukraine. The net demand for foreign exchange became dominant in the second half of the month. However, the total supply of foreign exchange in the cashless segment of the market exceeded demand for it by USD 135 million in May. 

The National Bank of Ukraine intervened by both purchasing and selling foreign exchange. The balance of NBU interventions was negative, totaling USD 45 million.  

In May, the hryvnia depreciated against the US dollar by 0.48 % to UAH 8.0743 per USD 1 in the cashless segment of the market and by 0.82 % to UAH 8.1065 per USD 1 in the cash foreign exchange market.  

The official UAH/USD exchange rate has remained almost unchanged (UAH 7.9925 per USD 1). The hryvnia has appreciated against the euro and Russian ruble by 5.95 % (UAH 9.9411 per EUR1) and by 9.3 % (UAH 2.4630 per RUR 10) respectively.