Today, the National Bank of Ukraine has held a FX sale auction, through which it has sold USD 37.5 million. Based on the auction results, the weighted average selling exchange rate stood at 23.00 UAH/USD.
The National Bank of Ukraine may sell and purchase foreign exchange through both interventions in the interbank market and FX auctions. In particular, since September 17, 2015, FX purchase auctions have been conducted by the regulator to build up international reserves. This week, the regulator announced auctions every day (on 26-29 October), but opted not to satisfy the authorized banks’ bids for purchase of foreign currency. Accordingly, the last FX purchase auction was held on October 23, 2015. The National Bank of Ukraine has announced interbank FX interventions twice this week, but not a single bid for purchase of foreign currency has been submitted by the authorized banks.
Since the beginning of 2015, net purchases of foreign exchange by the National Bank in the interbank FX market have amounted to USD 1.5 billion.
|
Total amount of bids admitted to the auction according to its terms and conditions (million units of currency) (million units of currency) |
48.1 |
|
Hryvnia exchange rates quoted by auction participants (UAH per one unit of currency): |
|
|
ceiling |
23.0400 |
|
floor |
22.3000 |
|
Hryvnia exchange rates set through the auction (UAH per one unit of currency): |
|
|
weighted average |
23.0027 |
|
ceiling |
23.0400 |
|
floor |
23.0000 |
|
Total amount of satisfied bids (million units of currency) |
37.5 |
|
Percentage of satisfied bids at the floor auction rate within the total amount of satisfied bids (%) |
72.0 |