02.06.2008, 22:41
Trend of Euro/UAH Rates Repeats Fluctuation of Euro to USD Rate
OREANDA-NEWS. June 2, 2008. "At the operation system of formation of the currency rate, the attitude of euro’s and pound’s rate to UAH is set on the basis of the fixed current rates of these currencies to USD, and also USD to UAH", - Mr. Alexander Sovbolev, the deputy-head of the Treasury department of RODOVID BANK, said. According to him, the rate’s trends – pound/UAH and euro/UAH are almost repeating the exchange rate fluctuation of these currencies to USD. "Available rates are frequently oriented on price band, which includes as the base the level of the rates at interbank market that is aimed at the cost of currency purchase and banknotes’ import. It is necessary to mark the emotional factor impact, namely mass purchasing or sale of the currencies grant the possibility to increase the equity", - Alexander Sobolev, told. According to RODOVID BANK’s expert, the future development of the rate’s level will be defined by the active participation of money authorities both at the interbank exchange currency and recourse markets. "Taking into account the last fluctuation of the official USD rate, it is possible to intend" that the currency rate’s fluctuation next month will be within the range from 4,65/4,75 to 4,75/4,90", - Alexander Sobolev marked.
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