The foreign currency cash market turnover in August was characterized by an excess of supply, despite the summer vacation season. The population sold $396 mln worth of foreign currency and bought $107 mln worth. Moreover, sales decreased by 6%, while purchases increased by 13.5%.
The National Bank publishes statistics of monetary synthesis in the context of major currencies of the market. In August, sales of both euro (by 4%) and dollar (by 30%) decreased. At the end of the summer season, the demand for the American currency increased more: the purchase of euro increased by 12%, while the dollar – by 14%.
In 8M. 2025, the population sold a total of $2,629 mln worth of currency, and bought – $713 mln. Compared to the corresponding period of 2024, sales increased by 2.9%, and purchases decreased by 4.3%, which indicates the outstripping growth of supply.
“The decline in foreign exchange purchases has not been observed for the first year. However, in January-August 2021, the volume of purchases increased by 25%, and the growth continued until the summer of 2022. At that time, the population denied themselves many things and purchased foreign currency in anticipation of hard times. The situation changed by the middle of 2022, when people’s incomes became insufficient for the most essential things, not to mention purchases of foreign currency, and the volume of purchases began to decline. The currency previously bought for savings had to be sold, and sales in the market increased sharply. Such a trend, but on a smaller scale, is still observed in the market today. With rare exceptions, when both sales and purchases are growing,” economist Volodymyr Golovatyuk analyzes the situation.
The foreign currency cash market turnover includes all operations of buying and selling foreign currency for the national currency, carried out by points of cash foreign currency exchange with individuals.
