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The European currency is becoming more expensive not only in Ukraine
The European currency is gaining in value against the backdrop of the US Federal Reserve’s decision to lower the official interest rate and make the dollar less attractive.
The National Bank of Ukraine slightly lowered the dollar-hryvnia exchange rate. At the same time, the euro exchange rate updated its historical record. This is evidenced by data published on the regulator’s website on Thursday, September 19.
The official dollar exchange rate for tomorrow is set at 41.4445 hryvnias (-0.0063 hryvnias). The dollar fell in value after rising for eight consecutive days.
In turn, the euro exchange rate will be 46.2396 hryvnias (+0.1297 hryvnias). This is a new all-time high. The previous high was on August 27, 1846.
The European currency is becoming more expensive not only in Ukraine. This happened against the background of the decision of the US Federal Reserve to lower the key interest rate and make the dollar less attractive.
On the interbank market, the US currency fell by 3 kopeks to 41.41-41.45 hryvnias per dollar (purchase and sale) compared to the previous day’s close.
On the spot market, the dollar exchange rate remained stable and did not change at 41.80 hryvnias.
On Thursday morning, the National Bank left the discount rate unchanged at 13% per annum for the second time in a row. This decision will help inflation return to 5% in the coming years and support the stability of the foreign exchange market, the regulator believes.
