The dollar soared to UAH 47, Ukrainians are massively buying currencies: in just one month, dollars and euros worth 2.3 billion dollars were purchased - in 2027, the exchange rate may exceed UAH 50. LIGA. net.
In October, Ukrainians bought $2.3 billion worth of currency - $214 million more than in September. At the same time less currency is sold.
Almost a billion dollars is the difference between buying and selling a currency by the population. In September, this indicator stood at 740 million dollars. Net demand increased by about a third during the month.
Ukrainians only bought dollars in cash for $1.51 billion, euros for another $738.8 million in dollar terms.
On October 27, a currency worth 133.4 million dollars was bought in one day. Already at the beginning of November, the cash dollar in some exchange offices reached UAH 47 and above.
Back in September, banks imported $1.1 billion of cash - 52% more than in August. This was a record amount of banknotes imported.
At Interbank, the daily business bought currency for about 434 million dollars, and sold only 246 million dollars. The gap between supply and demand reached a peak of 188 million dollars per day. In the last week of October, the National Bank sold 1.82 billion dollars, and during the whole month - almost 6 billion dollars. These are record foreign currency interventions to contain hryvnia fluctuations.
On October 30, UAH 64 billion of net funds came from the budget to the banking system. Some of this money could go to buying foreign currency, which would further increase demand.
Foreign exchange earnings of exporters in July-September decreased from $9.5 billion to $8.4 billion compared to last year. The reasons are attacks in organizations, problems in ports and logistics.
Other versions of the cash rate spike include the $6.3 billion Binance hack and a temporary block on withdrawals. Analysts say the pent-up demand from crypto traders could have hit the exchanges hard.
For 2027, the government set an average of UAH 47.1 to the dollar and UAH 48.3 at the end of the year. Some experts predict access to 50 hryvnias.