Cistran Finance Exploring the Spirit of Capitalism's New Frontier

Saturday, November 18, 2017

NBU posts data, quotes in forex market on official website

The National Bank of Ukraine (NBU) announced recently that it has started posting current quotes and data on turnover in the interbank foreign exchange market on its official website.

The data will be published each day after the official NBU exchange rate is established at 2 p.m. and will be updated from 3 p.m. until 5 p.m.

The bank said the posting of current quotes and turnover data will counter the publication of any false information about the forex market and ensure the transparency of market developments.

The NBU changed its procedure for setting the hryvnia exchange rate against foreign currencies under the Stand-by Arrangement in April. It is now set in the middle of the business day as a weighted average of exchange rates quoted by buyers and sellers on the country's interbank forex market.