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Friday, March 29, 2024

Ukrainian Currency Comparison: Budget Rate vs. Official Rate vs. Interbank Rate vs. Street Rate

Courtesy of Mish.

Last Friday, reader John told me the “street rate” for currency in Ukraine was not the reported 28 Hryvnias per US$ but rather on the order of 32 per US$.

I asked John where he got his information. He replied, “from my sister who lives in Lviv“.

Lviv is a beautiful city in Western Ukraine.

John did not know what the “street rate” was yesterday, but he informed me the “interbank rate” was 31.50 to 32.50. The interbank rate is higher still today.

Meanwhile, Investing.Com shows a jump today to 32.487 today from 28 yesterday.

click on chart for sharper image

Interbank Rate is 33.5/USD

The above chart is closer, but still not correct.

On February 14, a researcher from Johns Hopkins Institute asked me where I got my rates from. I did not have an official source then, but today I have one.

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