The interventions of the National Bank of Ukraine (NBU) in the interbank market this week surged to a record high since the onset of Russia's full-scale invasion of Ukraine, reaching $1 billion 625.9 million, according to the regulator's statistics.
As per the data, the central bank increased its foreign currency sales by 14.7% compared to the previous week, without purchasing any currency.
Data published by the central bank during this period indicates that the negative balance between the volume of currency purchased by the population and the volume sold narrowed from $66.07 million to $61.54 million.
Since the beginning of December, the NBU's interventions have already totaled $4.90 billion, marking a historically high figure since at least the start of 2012. The previous record of $3.96 billion was set in June 2022.
Overall, since the start of 2024, the volume of currency sold by the regulator reached $34 billion 568.5 million, while the amount purchased was $126 million. In 2023, the NBU sold foreign currency amounting to $28 billion 829.7 million and bought back $219.9 million.
The official exchange rate of the hryvnia at the end of the week fell by 7 kopecks to 41.9403 UAH/$1, while the cash rate strengthened by 16 kopecks, reaching 42.10 UAH/$1 for purchases and 42.15 UAH/$1 for sales.
Overall, since the beginning of 2024, the dollar has appreciated by 10.4% or 3.93 UAH according to the official rate, and since the National Bank switched to a managed flexibility regime on October 3, 2023, it has increased by 14.7% or 5.37 UAH.
As reported, Ukraine's international reserves increased by $3.344 billion, or 9.1%, in November 2024, and as of December 1, preliminary data from the central bank indicates they amounted to $39.925 billion, while net international reserves (NIR) rose by $3.5 billion, or 15.6%, reaching $25 billion 939 million.