Daily Insight -- Hryvnia continues to appreciate
The national currency on Wednesday continued its trend from the previous day and continued to strengthen against the US dollar. In the absence of other fundamental factors and external shocks, the hryvnia is rising because of high demand. The strengthening USD does not affect the hryvnia at the time as it appreciated another 0.2% against the dollar to 26.4255 USD/UAH. The hryvnia sold for 26.56 USD/UAH versus 26.75 to buy in the Ukrainian cash market. Its CPI-based real trade-weighted index rose 0.13% to 105.82; in year-on-year terms, it is up 2.36% from 103.38 last year.
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