LONDON, May 18 - Supply and demand on Ukraine’s foreign currency market are currently in balance, according to Yuriy Kolobov, the first deputy head of the National Bank of Ukraine.

"The market is balanced, as we can see from the situation with the balance of payments," he said on the sidelines of the seventh Ukrainian Investment Summit organized by the Adam Smith Conferences, held in London on May 16-18.

"The recent currency exchange rate fluctuations [represent] some speculative demand, perhaps, some political motives," added Kolobov.