After reaching a historic high yesterday, the US dollar exchange rate has slightly retreated. The euro also lost ground, ending a series of days of growth. The National Bank of Ukraine (NBU) continues to actively operate in the currency market to prevent sharp fluctuations and maintain the stability of the hryvnia.
Exchange Rate on May 29: Dollar and Euro Drop
The official exchange rate for the dollar on Friday, May 29, was set at 44.26 hryvnias. This is 4 kopecks less than the previous day, when the currency reached a record high of 44.30 UAH. The euro also decreased to 51.43 hryvnias, which is 11 kopecks lower than the previous value.
Thus, after several days of growth, the market is showing a moderate correction. This is not a signal for panic, but rather a sign that the regulator is successfully containing pressure.
NBU Interventions: How Balance is Maintained
According to Taras Lesovoy, Director of the Financial Markets and Investment Activities Department at "GLOBUS BANK", the National Bank continues to actively intervene in the market through currency interventions. According to his forecast, the volume of such operations this week could amount to about $800–850 million.
This indicates that demand for foreign currency still slightly exceeds supply. However, the situation remains under control — the NBU does not allow the market to go into a free fall or a sharp rise.
Stability Through Activity
It is precisely the regulator's active presence in the market that is currently helping to avoid sharp fluctuations in the exchange rate. Without such measures, the hryvnia could have experienced more serious pressure. The NBU acts as a stabilizing mechanism, smoothing out peaks in demand and supporting confidence in the national currency.
In conditions of geopolitical tension and external shocks, such a strategy seems logical and necessary. The market reacts to the regulator's actions — and so far, it is working.
