Daily Insight -- Hryvnia stable
The hryvnia remained stable against the US dollar in trading on Thursday. Although excess supply of foreign currency was offset by liquidity decreasing UAH2.9bn, this situation did not have an impact on the hryvnia. The currency's value largely depends on whether the Treasury will gradually refund VAT. Thus, the national currency has unchanged from the previous day and finished the trades at the level of 27.8559 UAH/USD. It sold for 27.69 UAH/USD versus 27.85 to buy at the Ukrainian cash market. Its CPI-based real trade-weighted index fell 0.28% to 107.42; in year-on-year terms, it is down 3.6% from 111.43 last year.
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