PrivatBank raised its cash exchange rates for the United States dollar and the euro in Ukraine on Monday, October 26, as the official dollar rate reached a record high.
The price of the US dollar at PrivatBank rose by 25 kopiykas to 45.60 Ukrainian hryvnias per dollar, while the euro gained 20 kopiykas to reach 51.20 hryvnias per euro. At those rates, buying 100 dollars at the bank's branches on Monday costs 4,560 hryvnias, and 100 euros cost 5,120 hryvnias.
Customers selling foreign currency back to the bank receive 45.00 hryvnias for one US dollar and 50.20 hryvnias for one euro. PrivatBank also increased its exchange rates for bank card transactions on Monday, lifting the dollar rate by 21 kopiykas to 45.66 hryvnias and the euro rate by 26 kopiykas to 51.28 hryvnias.
PrivatBank is Ukraine's largest commercial lender and is owned by the Ukrainian state. In Ukraine, commercial banks publish separate rates for cash exchanged at physical branches and for foreign currency card transactions, while the national currency, the hryvnia, is subdivided into 100 kopiykas.
National Bank of Ukraine official exchange rates
The National Bank of Ukraine set the official exchange rate for Monday, October 26, at 45.20 hryvnias per US dollar, weakening the Ukrainian currency by 15 kopiykas compared with the previous rate. The figure marked a new historical high for the US dollar exchange rate in Ukraine, passing the previous record of 45.08 hryvnias per dollar set on October 14.
The hryvnia also lost ground against the European currency in the official fixing. The National Bank of Ukraine, which serves as the country's central bank and sets daily reference rates, placed the official euro rate for Monday at 50.58 hryvnias per euro, a drop of 14 kopiykas for the Ukrainian currency.
Across the wider Ukrainian banking sector on October 26, the average cash rate for buying the US dollar rose by 19 kopiykas to 45.60 hryvnias per dollar. Customers can sell US currency at banks on Monday at an average rate of 44.95 hryvnias per dollar.
