The National Bank of Ukraine set the official exchange rate for Tuesday, September 22, weakening the national currency by four kopiykas against the US dollar to 44.71 hryvnias.
According to figures published on the central bank website, the hryvnia also lost ground against the euro, falling 18 kopiykas to an official rate of 51.37 hryvnias per euro.
The National Bank of Ukraine serves as the central monetary authority of the nation from its headquarters in Kyiv. It sets official daily exchange rates that serve as benchmark values for financial institutions and businesses across the country. The hryvnia is divided into 100 kopiykas.
On the Ukrainian interbank foreign exchange market, trading by 4:00 p.m. saw dollar quotations settle at 44.72 to 44.75 hryvnias per dollar. Euro quotations on the interbank market reached 51.40 to 51.41 hryvnias per euro.
The interbank currency market is the financial network where commercial banks trade foreign currencies directly with one another. These transactions reflect market liquidity and supply before central bank reference rates take effect.
Commercial bank exchange rates
In commercial banks across Ukraine, exchange rates showed mixed movement on September 21. The average bank rate to purchase US dollars rose by five kopiykas to 45.01 hryvnias per dollar, while customers could sell dollars to banks at an average rate of 44.45 hryvnias.
The average commercial bank exchange rate for the euro remained unchanged at 51.79 hryvnias per euro. Banks offered to buy euros from the public at an average rate of 51.06 hryvnias per euro.
At PrivatBank, the dollar rate held steady at 44.90 hryvnias per dollar, with the bank offering a purchase rate of 44.30 hryvnias. The bank lowered its euro exchange rate by 10 kopiykas to 51.70 hryvnias per euro, paying customers 50.70 hryvnias per euro for sales.
PrivatBank is the largest commercial bank in Ukraine. State owned since 2016, the financial institution serves millions of corporate and retail customers through nationwide branch networks.
