The National Bank of Ukraine (NBU) by its Resolution No. 80 is changing the methodology for calculating the official exchange rate of the hryvnia against the U.S. dollar starting August 2018.
“According to the Resolution, the official exchange rate of the hryvnia against the U.S. dollar will be calculated based on information on all transactions for the purchase and sale of U.S. dollars under the terms ‘Tod,’ ‘Tom,’ and ‘Spot,’ which on the day of calculating the official rate have been concluded by banks on Ukraine’s interbank currency market with other banks and the NBU, of which information has been provided to the latter by trade and information systems before 15:30 on the relevant working day,” the regulator’s press service said.
