Nervousness has returned to the foreign exchange market.
The National Bank manages to balance the interbank currency market after a sharp rise in the dollar at the opening of trading on Monday. Everyone, despite the rise in prices, can buy foreign currency.
This was told by the head of the sales service for treasury products of the bank «AVANGARD» Yuriy Krokhmal, reports the Chronicle.info with reference to RBC-Ukraine.
After the United States reported high risks of Russia's invasion of Ukraine in the coming days, referring to its intelligence, nervousness returned to the foreign exchange market, says he.
«Already over the weekend, the cash market reacted with a sharp increase, from 28.10/30 to 28.50/80, and on Monday a similar situation occurred in the non-cash market, when the interbank market opened» ;, — noted Krokhmal.
Negative sentiments due to the risks of the Russian invasion affected all participants of the foreign exchange market without exception. According to the expert, this dramatically changed the balance of supply and demand and forced the NBU to re-enter the market selling foreign currency and extinguish the emerging panic.
For the second time this year, as the interlocutor noted, the demand for foreign currency on the interbank market is gaining bustling nature. But while the regulator is acting more than confidently, the expert believes.
«This adds optimism and gives a high chance that the situation in the foreign exchange market will remain under control if the conflict remains at the diplomatic level», — says Krokhmal.
The first hype happened a few weeks ago because of the same risks of a Russian invasion. Then, as now, the mood of the foreign exchange market was influenced by panic. As the NBU explained, the aggressive purchase of foreign currency in January was demonstrated mainly by non-residents who sold Ukrainian government bonds and bought dollars.
It is difficult to compare the level of panic, Krokhmal believes. In such situations, in his opinion, moods change very quickly and in different directions, volatility grows.
«In general, the situations are similar, but some non-residents have already left Ukrainian securities», — he explained.
Recall that on February 14, the interbank foreign exchange market opened with a record jump in the dollar rate due to the threat of a Russian invasion. The dollar exchange rate on the interbank market increased by 66 kopecks to 28.72 hryvnia per dollar. Then the rate fell to UAH 28.50-28.55.