KIEV, Aug. 27 – The strengthening of the dollar against the euro amid the crisis in the eurozone has translated into the strengthening of the nominal effective exchange rate of the hryvnia against foreign currency by 12.9% over the past 12 months, according to the National Bank of Ukraine.

According to the document released on Monday, the dynamics of the nominal effective exchange rate became one of the factors that slowed down core year-over-year inflation in Ukraine to 3.1% in July 2012 against 3.7% in June 2012 from June 2011.