In December 2024, the National Bank of Ukraine (NBU) sold $5.284 billion on the interbank foreign exchange market. This is the largest monthly volume of currency sales in history, reports RBC-Ukraine with reference to the NBU website. In 2024, the NBU sold 34.822 billion dollars on the interbank market, which is 6.212 billion more than in 2023. such volumes of interventions made it possible to increase the large devaluation of the hryvnia.
Despite record sales of currency, Ukraine received $41.7 billion in international aid, which compensated for the NBU's expenses. This helped to maintain the stability of the foreign exchange market.
Dynamics of the dollar exchange rate
In 2024, the NBU actively influenced the market by changing exchange rate interventions. The devaluation of the hryvnia was observed until the end of July, but in the following four months the exchange rate remained quite stable.
At the end of November, the dollar began to appreciate, and in December its exchange rate decreased by 1.1% - from 41.59 to 42.02 hryvnias/dollar. In general, in 2024, the dollar exchange rate decreased by 10.7%, reaching UAH 42.03/dollar.
In the cash market, the exchange rate also depended on the interbank. During the year, it rose by 3.50 hryvnias, reaching 42.50 hryvnias/dollar. For comparison, in 2023 the NBU sold 28.610 billion dollars, which is 3.657 billion more than in 2022. As in 2024, the costs of maintaining the course were compensated internationally, which amounted to 42.9 billion dollars.
The record volume of currency interventions by the NBU in 2024 worked to complicate the currency market caused by economic and geopolitical factors. Despite this, thanks to international assistance and the active policy of the National Bank, it will be possible to ensure the relative stability of the hryvnia and avoid serious economic shocks.
