The national Bank of Ukraine (NBU) is considering the possibility of changing approaches to the calculation of the official rate of hryvnia to the dollar. This controller is reported on the official website.
NBU recalls that now the official rate of the hryvnia is calculated as a weighted average of all interbank transactions for the day according to Valkla (Valkla – software complex of the National Bank, which banks carry out all their transactions on purchase-sale of cashless foreign currency on the interbank market).
“The national Bank considers it necessary to proceed to his calculation based on information from the trading information systems Bloomberg and Reuters about the real market transactions and cut deals with extreme parameters”, – stated on the website.
As explained by the Director of the Department of public markets, the NBU Serhiy Ponomarenko, thus to reduce the burden on banks in reporting by eliminating the mandatory registration of transactions in the system of Valkla.
The national Bank also plans to start implementation of foreign exchange intervention using a Matching – new functionality for transactions.
“This functionality, implementation of which is now being discussed with market participants, will allow interbank foreign exchange market continued availability of fixed fees for buying and selling foreign exchange and quick transactions at the best exchange rate options,” – said the NBU.