Hryvnia rises in real trade-weighted terms

Hryvnia rises in real trade-weighted terms



12 січня 2015 года
ICU

The hryvnia closed at 15.8/USD last Friday, up 0.04% from previous day, according to Bloomberg. Although the FX rate has inched up 0.13% since the beginning of 2015, the market's relative calm does not correlate with macro developments as Ukraine's CPI rose 3% month-on-month and 25% year-on-year in December. This highly inflationary environment is quite damaging to the currency 's nominal rate, particularly as the US dollar gained quite sizably this year versus most currencies, namely the euro (down 2.12% YTD) and the Russian ruble (down 2.15% YTD). As a result, the hryvnia 's real trade weighted value rose 2.73% YTD and 0.89% last Friday.

Источник: ICU

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