OREANDA-NEWS. On October 09, 2008 The National Bank of Ukraine reported in the trading system about its intention to appear in the market today with interventions in support of the hryvnia exchange rate at the level of UAH 5 per USD 1, market participants say.

The hryvnia rate on the interbank forex market this morning dropped to UAH 5.65 - 6 / USD 1 from UAH 5.55 - 5.6 / USD 1 recently, but currently the hryvnia has somewhat strengthened to UAH 5.45 - 5.7 / USD 1.

On Tuesday, the National Bank of Ukraine revised the forecast hryvnia rate for 2008 from UAH 4.85 per USD 1 plus-minus 4% to UAH 4.95 per USD 1 plus-minus 8%. Thus, the lower and the upper limits of the new forex corridor are the rates of UAH 4.554 and UAH 5.346 per USD 1.

However, only morning quotations of the US dollar trading in the interbank forex market on Tuesday (5.3250/5.3850) could be considered as approximate to the upper limit of the new forex corridor. By the end of the bidding, the prices reached 5.5700/5.6500.