The United States dollar edged down against the Ukrainian hryvnia at commercial banks in Ukraine on Monday, November 2, falling by 2 kopiykas to an average rate of 46.02 hryvnias per dollar.
Customers looking to sell the American currency at banks on Monday could do so at an average rate of 45.28 hryvnias per dollar. Meanwhile, the average euro exchange rate at Ukrainian banks rose by 1 kopiyka to 51.40 hryvnias per euro, with customers able to sell the European currency at a rate of 50.54 hryvnias per euro.
The move at commercial lenders came alongside a stronger official benchmark from the National Bank of Ukraine. The central bank set the official dollar exchange rate for November 2 at 45.35 hryvnias per dollar, strengthening the Ukrainian currency by 18 kopiykas compared with the previous figure.
Against the euro, the official value of the hryvnia remained unchanged. The National Bank set Monday's official rate for the European currency at 50.68 hryvnias per euro, leaving the hryvnia at its previous level.
Cash rates at Ukrainian currency exchange offices
At currency exchange offices across Ukraine on Monday morning, the average price of the dollar stood at 47.00 hryvnias per dollar, while customers could sell the dollar at a rate of 46.50 hryvnias. For the cash euro, exchange offices posted a rate of 51.70 hryvnias per euro and a selling rate of 52.05 hryvnias per euro.
The hryvnia is the national currency of Ukraine and is subdivided into 100 kopiykas. The National Bank of Ukraine serves as the country's central bank and sets daily official reference rates, while commercial banks and retail exchange offices set their own cash buying and selling rates for the public.
Exchange rate outlook for early November
Taras Lesovyi, director of the financial markets and investment activities department at the Ukrainian commercial lender Globus Bank, reported that the dollar exchange rate would stay in a range of 44.85 to 45.7 hryvnias between November 2 and November 8. Over the same period, Lesovyi reported that the euro would trade between 50 and 52 hryvnias.
