Hryvnia Weakens 3 Kopecks Against the Dollar on September 22
NBU sets dollar at 44.71 UAH and euro at 51.37 UAH, marking a daily decline for the local currency.
Key points
- NBU set the official dollar rate at 44.7071 UAH, a 3 kopeck decline.
- The official euro rate was 51.3671 UAH, marking a 17 kopeck drop.
- Banks sold dollars at 45.03 UAH while exchange offices sold at 44.90 UAH.
The National Bank of Ukraine set the official dollar rate at 44.7071 hryvnias on September 22. This figure represents a weakening of the local currency by 3 kopecks compared to the previous trading day.
The official euro exchange rate stood at 51.3671 hryvnias during the same period. The national currency lost 17 kopecks in value against the European unit over the course of the day.
Official rates reflect daily currency shifts
Data from the National Bank shows the hryvnia facing consistent pressure from major foreign currencies. The decline against the dollar was modest but confirmed a trend of gradual weakening.
The drop against the euro was significantly sharper, indicating stronger demand for the European currency. Ukrainian National News reported these figures based on the central bank's official publications.
Banks and exchange offices show price gaps
Commercial banks traded the dollar at an average buying rate of 44.49 hryvnias. The average selling rate was higher at 45.03 hryvnias, creating a spread of 54 kopecks.
Exchange offices offered slightly different prices for the same currency pair on Tuesday morning. The average buying rate was 44.78 hryvnias while the selling rate reached 44.90 hryvnias.
Euro transactions at banks showed an average buying rate of 51.05 hryvnias. The selling price was set at 51.82 hryvnias, reflecting a wider margin than the dollar spread.
Market liquidity drives the final pricing
Exchange offices recorded a euro buying rate of 51.75 hryvnias and a selling rate of 52.00 hryvnias. This narrow spread suggests tighter liquidity conditions in the physical cash market.
The difference between bank and exchange office rates highlights the varying costs of accessing foreign currency. Traders must account for these specific spreads when calculating total transaction costs.
