In June 2012, the foreign exchange earnings from non-residents continued to exceed payments to non-residents, a net foreign exchange inflow totaling USD 1 billion (in the equivalent). However, demand for foreign exchange outstripped supply of foreign exchange in the interbank foreign exchange market.

Under these conditions, the National Bank of Ukraine had to intervene by selling foreign exchange rather than purchasing it in the interbank foreign exchange market. The balance of NBU interventions was in the red, totaling USD 704 million (in the equivalent).

In spite of large amount of payments made by the Government of Ukraine under external debt obligations denominated in foreign exchange (USD 1.8 billion), the international reserves exceeded USD 29.3 billion (in the equivalent), being sufficient to finance future imports of goods and services for 3.2 months.

Against the backdrop of exchange rate fluctuations recorded in June, the hryvnia appreciated against the US dollar by 0.33 % to UAH 8.0475 per USD 1 in the cashless segment of the market. The market exchange rate of hryvnia against the US dollar on cash transactions on the sale of US dollar has firmed by 0.03 % to UAH 8.1044 per USD 1.

The official UAH/USD exchange rate remained unchanged (7.9925 per USD 1). The hryvnia has weakened against the euro by 0.3 % to UAH 9.9706 per EUR 1). The hryvnia has appreciated against the Russian ruble by 2.18 % to UAH 2.4093 per RUR 10.