Daily Insight -- Hryvnia close to 27/USD
On the last day of the week, the hryvnia continued to decline against the USD to close to 27 USD/UAH as a result of higher demand for foreign currency over supply. During the week, the hryvnia fell by 0.3%; increasing the month's decline to 0.8%. As of Friday, the hryvnia fell by 0.1% to 26..9626 USD/UAH. It sold for 26.77 USD/UAH versus 26.91 to buy at the Ukrainian cash market. Its CPI-based real trade-weighted index rose 0.59% to 105.38; in year-on-year terms, it is down 2.03% from 107.56 last year.
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