Ukraine’s hryvnia rate climbs above 45 per dollar before easing slightly
The National Bank of Ukraine set the official hryvnia exchange rate at 45.5 UAH per US dollar on November 11, up 9 kopecks from the previous rate. The hryvnia also weakened against the euro, while the dollar had reached a record official rate of 45.67 UAH earlier in the month.
Key points
- NBU set the dollar rate at 45.5 UAH per US dollar on November 11.
- The dollar rate rose by 9 kopecks.
- NBU set the euro rate at 51.08 UAH per euro.
- The euro rate rose by 26 kopicks.
- The official dollar rate increased from 45.05 UAH to 45.6 UAH over three days in late October.
- The dollar reached a record official rate of 45.67 UAH on November 4.
- The rate stood at 45.5 UAH per dollar on the morning of November 11.
Why it matters
The rise in the hryvnia’s exchange rate reflects further weakening against the US dollar. The dollar’s record official rate has raised questions about currency-market conditions and the outlook for the exchange rate by year-end.
What happened
The National Bank of Ukraine set the official dollar rate at 45.5 UAH per US dollar on November 11, 9 kopecks above the previous rate. The euro stood at 51.08 UAH, also weakening by 26 kopicks. Earlier in the month, the dollar reached a record official rate of 45.67 UAH on November 4, before easing slightly by November 11.
How Ukrainian sources describe it
Ukrainian coverage emphasizes the record official exchange rate, the National Bank of Ukraine’s response and forecasts for the end of the year.
Background
The reported changes concern the National Bank of Ukraine’s official exchange rate.