In March 2012, supply and demand for foreign exchange in the cashless segment of the market were balanced. As a result, net demand for foreign exchange in the cashless segment of the market fell from USD 490 million in February to USD 44.5 million in March.

The above-mentioned developments resulted from net foreign exchange inflows from non-residents, whose volume exceeded USD 0.8 billion (in the equivalent).

Under these conditions, the National Bank of Ukraine intervened by purchasing foreign exchange. The foreign exchange interventions showed a surplus of USD 152.5 million (in the equivalent).

It had a positive impact on the dynamics of international reserves, which increased by 0.3 % to reach USD 31128 million in March (in the equivalent).

Since the beginning of March, the hryvnia has weakened against the US dollar by 0.39 % to UAH 8.0313 per USD 1 in the cashless segment of the interbank foreign exchange market of Ukraine. The market exchange rate of the hryvnia against the US dollar on cash transactions on the sale of the US dollar has declined by 0.32 % to UAH 8.0427 per USD 1.