The National Bank of Ukraine set the official hryvnia exchange rate at 45.32 to the US dollar for Monday, November 9, strengthening the national currency. The figure marks an increase of 12 kopecks compared to the previous official benchmark.
The Ukrainian currency also strengthened against the euro. According to data published on the regulator's website, the official euro rate for Monday was set at 50.65 hryvnias per euro, an improvement of 39 kopecks.
The National Bank of Ukraine operates as the country's central monetary authority from Kyiv, where it manages currency circulation, oversees commercial lenders and sets official reference rates. The hryvnia has served as the national currency of Ukraine since 1996 and is divided into 100 kopecks.
Interbank foreign exchange market
On the interbank foreign exchange market of Ukraine, where licensed financial institutions trade currency directly, trading quotations as of 16:00 stood at 45.31 to 45.34 hryvnias per dollar. Interbank quotes for the euro reached 50.60 to 50.62 hryvnias per euro.
Commercial bank branches across Ukraine also adjusted their cash counters. On November 6, the dollar exchange rate in Ukrainian banks fell by 8 kopecks to 46.04 hryvnias per dollar, while customers could sell American currency to banks at an average rate of 45.39 hryvnias per dollar. The average euro rate in banks decreased by 10 kopecks to 51.72 hryvnias per euro, with customers able to sell European currency at 50.87 hryvnias per euro.
PrivatBank exchange rates
At PrivatBank, the dollar rate decreased by 6 kopecks to 45.99 hryvnias per dollar, and the euro rate fell by 10 kopecks to 51.70 hryvnias per euro. Customers could sell US currency at the bank at 45.39 hryvnias per dollar, and sell euros at 50.70 hryvnias per foreign currency unit.
PrivatBank is the largest commercial financial institution in Ukraine by assets and customer accounts, operating an extensive nationwide network of branches and banking services. The official exchange rates set by the National Bank of Ukraine take effect for Monday, November 9.
