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The National Bank reduced the official exchange rate of the Hryvnia

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The selling rate of the dollar on the interbank market today opened at UAH 36.52 and during the day rose to UAH 36.59.

The National Bank reduced the official exchange rate of the hryvnia to the dollar and euro. This was confirmed by the regulator’s data on Monday, October 23.

As a result of the trade, the NBU set the official exchange rate of the hryvnia against the US dollar on October 24 at the level of 36.5569 UAH/$ (+0.0168). In turn, the euro exchange rate rose to UAH 38.7613 per euro (+0.0580).

The selling rate of the dollar on the interbank market today opened at UAH 36.52 and during the day rose to UAH 36.59.

The hryvnia currency exchange rate against the dollar in exchange offices today averages 38.05.

We remind you that on October 3, the National Bank introduced a regime of managed flexibility of the exchange rate. Before this, since the beginning of the war, the regulator maintained a fixed exchange rate of the hryvnia to the dollar – first 29.25 UAH/$, and from July 21, 2022 – 36.57 UAH/$.

Now the banks will sell and buy money at a free rate without the limit of 1% of the official rate that has been in force since the beginning of the war. Taking into account the exchange rate in the interbank market, the NBU will set the official rate. However, the regulator promised to significantly limit changes in the exchange rate, preventing either a significant weakening of the Hryvnia or its significant strengthening. In recent days, the dollar’s exchange rate has been gradually increasing.

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Source: korrespondent

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