OREANDA-NEWS. September 17, 2012. August 2012 saw an increase in the average daily foreign exchange inflows from non-residents, which exceeded the transfers in their favor. As a result, the cashless segment of the interbank foreign exchange market of Ukraine recorded the net foreign exchange supply and a decline in the net demand for foreign exchange.

During the month, the National Bank of Ukraine intervened mainly by purchasing foreign exchange. The foreign exchange interventions showed a surplus of USD 435.9 million (in the equivalent), which enabled the National Bank of Ukraine to offset the reduction in the international reserves caused by hefty repayment and servicing of public debt under the stand-by loan received from the IMF (approximately USD 1 billion in the equivalent from the start of the year).

As at the end of August, the international reserves totaled almost USD 30 billion (in the equivalent), being sufficient to finance future imports of goods and services for 3.4 months.

In August, the exchange rate of hryvnia against US dollar under cashless transactions declined by 0.11 % to UAH 8.0755 per USD 1. In the cash segment of the foreign exchange market, the exchange rate of hryvnia against US dollar dropped by 0.26 % to UAH 8.1391 per USD 1.

The official UAH/USD exchange rate remained unchanged (UAH 7.9930 per USD 1). The hryvnia has appreciated against Russian ruble by 0.33 % to UAH 2.4751 per RUR 10 and depreciated against EUR by 2.43 % to UAH 10.0264 per EUR 1.