The National Bank of Ukraine has changed the method for calculating the average exchange rates for hryvnia in the interbank market, the Ministry of Finance reports.
“Starting February 23, 2015, to compute the weighted average of dollar foreign exchange value in the interbank market of Ukraine, the dates of conclusion of agreements, not the date of currency valuation [agreements on terms of TOD, TOM and SPOT], will be considered», - the message says.
It has been reported also that the agreements signed between banks as well as contracts concluded by banks with clients will be used to calculate the average rate. But, forward and swap contracts won’t be used in calculations.
Significantly, the calculation of the average rate will further affect the official rate of the NBU.
