The National Bank of Ukraine (NBU) increased its foreign currency sales on the interbank market this week by $521 million, reaching $1.19 billion, according to the regulator's statistics.
As per the data, the central bank did not purchase any foreign currency following its buying activity from the previous week.
The data released by the regulator during this period indicates that the negative balance between the volumes of currency purchased by the population and the volumes sold widened from $29.63 million on Monday to $39.91 million on Thursday.
The official exchange rate of the hryvnia strengthened by 3 kopecks over the week, reaching 41.5919 UAH/$1.
As reported, the volume of currency purchases by Ukrainians in January 2025 exceeded the volume of sales by $1 billion 479.8 million, which is 34.1% higher than the figure for January 2024 and 13.6% more than in December 2024, marking a record high since November 2012.
Meanwhile, the NBU's net interventions in January decreased to $3.75 billion from $5.28 billion in December.
As of February 1, 2025, Ukraine's international reserves stood at $43 billion 3.1 million, preliminary data shows, having decreased by 1.8%, or $785 million, during January, while net international reserves (NIR) fell by $0.79 billion, or 2.7%, to $28.313 billion.
The Cabinet of Ministers has set the average annual official exchange rate of the hryvnia against the US dollar in the 2025 state budget at 45 UAH/$1. In the 2024 budget, the government projected an average annual rate of 40.7 UAH/$1, with an end-of-year rate of 42.1 UAH/$1. Over the past year, the hryvnia weakened by 10.6%, or 4.02 UAH, to 42.0390 UAH/$1.