The National Bank of Ukraine set the official exchange rate for the dollar at 44.81 UAH on September 29, which is 3 kopecks less than the previous day. The euro fell by 16 kopecks to 50.97 UAH.
According to Taras Lesovoy, director of the Department of Financial Markets and Investment Activities at Globus Bank, rising oil prices could eventually affect Ukraine’s foreign exchange market.
Since Ukraine imports significant volumes of fuel, a sustained rise in oil prices could increase importers’ need for foreign currency. This, in turn, could boost demand for foreign currency in the domestic market.
At the same time, the expert notes that such a reaction will not be immediate. There is a certain time lag between changes in global oil prices and their impact on the Ukrainian foreign exchange market due to procurement contracts, logistics, and inventory build-up.
According to Lesovoy’s assessment, the impact of more expensive fuel on the foreign exchange market may become more noticeable within a few weeks.
The National Bank set the hryvnia exchange rate for September 23.
The NBU fined the payment company iPay 16.5 million hryvnias.
The NBU lowered the exchange rates for the dollar and the euro.
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