Some banks are selling the dollar for 47 hryvnias: the official exchange rate has also hit a record

The official dollar exchange rate in Ukraine has risen to a new all-time high of UAH 45.6660. The National Bank set the rate for the US currency at this level. In the cash market and card segment, some banks are already offering dollars for significantly more.

The previous record was set by the official rate on October 28, when the dollar was worth UAH 45.60. This high was surpassed in about a week.

The following banks set their dollar selling rate at UAH 47:

• PolikomBank — at its branches for cash transactions;
• MetaBank — also in the cash market;
• Bank of Investments and Savings — in the card segment, where this was the highest selling price.

Average exchange rates in the currency market were lower:

• banks bought cash dollars at UAH 45.52 and sold them at UAH 46.25;
• in the card segment, average buying and selling rates ranged from UAH 45.51 to 46.17 per dollar.

State-owned banks offered the following cash rates:

• PrivatBank — buying at UAH 45.50, selling at UAH 46.10;
• Oschadbank — buying at UAH 45.40, selling at the same rate as PrivatBank.

Bankers note that people have been buying cash dollars more actively in recent days. Interest in the currency is growing amid the rise in the official exchange rate and expectations that the US dollar will continue to strengthen.

Rising demand has also led to increased trading on the interbank market. Previously, daily transaction volumes stood at around $300 million, but have now approached $400 million.

In particular, the volume of deals concluded on the main trading platform, Bloomberg, reached $441.5 million. The buying rate ranged from UAH 45.51 to UAH 45.81 per dollar. The upper end of this range was also a record.

According to banking experts, the NBU currently sells more than 90% of the currency on the market. One explanation for this situation is exporters’ reluctance to convert their foreign-currency earnings at the current rate.

Against this backdrop, the regulator has significantly increased its foreign exchange interventions. Its sales volumes were:

• on November 2 — about $440.8 million, or approximately 93% of total trading volume on the Bloomberg platform;
• last week — $1.8 billion;
• in October — $5.99 billion;
• since the beginning of the year — around $44.3 billion on the interbank market.

Weekly and monthly currency sales were the highest since the beginning of 2026.

For comparison, as of October 1, Ukraine’s international reserves stood at $47.1 billion. However, it would be inaccurate to directly compare the reserve balance with the amount of currency sold over the year: reserves are replenished, including through international financial assistance.

We previously reported:

• UAH 48.3 per dollar: the exchange rate the government expects at the end of 2027
• Parliament adopts the 2026 budget: record deficit, higher social benefits, and an exchange rate of UAH 45.7 per dollar
• IMF pressures Ukraine: the hryvnia could be devalued before winter
• The dollar is rising, the euro is falling: what is happening to exchange rates?
• The dollar keeps rising: another record set!