The National Bank of Ukraine has set the official exchange rate of the United States dollar at a record high of 45.54 hryvnias for Tuesday, 27 October.
The new official rate represents a weakening of 34 kopiykas for the Ukrainian currency compared with the previous figure. It surpasses the prior historical peak of 45.20 hryvnias per dollar, which was recorded on Monday, 26 October.
According to data published on the regulator's website, the hryvnia also lost ground against the euro. The central bank set Tuesday's official rate for the European currency at 50.95 hryvnias per euro, a drop of 37 kopiykas.
The National Bank of Ukraine serves as the country's central bank and oversees monetary policy and currency stability. It sets the official reference exchange rate of the hryvnia, which is divided into 100 kopiykas, on each business day.
Interbank trading and commercial bank rates
On Ukraine's interbank foreign exchange market, where commercial banks trade currencies directly with one another, quotations stood at 45.51 to 45.55 hryvnias per dollar as of 16:00 on 26 October. Interbank quotations for the euro stood at 51.03 to 51.05 hryvnias per euro.
Retail cash rates at Ukrainian banks also moved higher on 26 October. The average rate for the dollar at banks rose by 19 kopiykas to 45.60 hryvnias per dollar, while customers could sell the American currency to banks at an average rate of 44.95 hryvnias per dollar.
The average rate for the euro across Ukrainian banks increased by 18 kopiykas to 51.19 hryvnias per euro. Customers could sell the European currency at banks at an average rate of 50.39 hryvnias per euro.
Foreign exchange rates at PrivatBank
At PrivatBank, Ukraine's largest commercial bank, the dollar exchange rate rose by 25 kopiykas on 26 October to 45.60 hryvnias per dollar. The euro rate at the lender climbed by 20 kopiykas to 51.20 hryvnias per euro.
Customers selling foreign currency at PrivatBank could exchange the American currency at a rate of 45.00 hryvnias per dollar and the euro at 50.20 hryvnias per unit ahead of the new official rates taking effect on 27 October.
