Today, on 29 June 2017, the National Bank of Ukraine has conducted single-rate foreign exchange intervention to smooth out the functioning of the FX market.

“In light of the recent cyberattack on banks, the operation of some banks was limited, which affected the functioning of the FX market and distorted the exchange rate setting. Therefore, the NBU decided to conduct foreign exchange intervention to shore up the FX market,” explained NBU Deputy Governor Oleg Churiy. 

The NBU purchased foreign currency at the exchange rate of UAH 26.07  per USD 1 and sold foreign currency at UAH 26.12 per USD 1 to smooth out the functioning of the FX market.

Under NBU’s Foreign Exchange Intervention Strategy for 2016-2020, the NBU conducts  single-rate foreign exchange intervention when it is necessary to steer the FX market toward a clear benchmark. During this intervention the auctioned amount is proportionally allocated to market players at a single designated exchange rate of the hryvnia against a foreign currency.