Banks and exchange offices have set different rates: where is it more profitable?
Early April surprised with a gap in exchange rates: while the dollar is rapidly losing ground in exchange offices, the euro has started to rise in value. However, a real anomaly has been recorded in banks – the situation is the opposite there.
RBK-Ukraine reports on the currency rates as of April 1 and where it is most profitable to buy dollars and euros.
Read also: Pressure and uncertainty: what maximum the dollar rate can reach in April – banker’s forecast
Main points:
- The dollar is falling in exchange offices: The American currency continues to depreciate, losing another 7-8 kopecks.
- The euro shows “swings”: In exchange offices, the euro has risen by 5 kopecks, while banks, on the contrary, have lowered the selling price by 14 kopecks.
- Banking anomaly: Unlike exchange offices, banks have symbolically raised the dollar selling rate by 1 kopeck, leaving the buying rate unchanged.
- Online advantage: Most major banks (PrivatBank, Oschad, PUMB) offer a more favorable rate in their apps than at physical counters.
Currency rates in exchange offices
Early April brought Ukrainians an ambiguous situation in the currency market.
According to data from the Minfin portal, as in the previous morning, the US dollar in private exchange offices confidently maintains a downward trend: it can be bought for 43.82 UAH (-8 kopecks) and sold for 43.70 UAH (-7 kopecks).
Photo: currency rates as of April 1 (infographics by RBK-Ukraine)
Meanwhile, the euro in exchange points is trying to recover from yesterday’s decline, rising to 50.80 UAH (+5 kopecks) for sale and 50.55 UAH (+5 kopecks) for purchase.
Rates in banks
The situation in the banking sector is somewhat different. Banks have decided to minimally raise the dollar selling rate to 44.10 UAH (+1 kopeck), while the currency buying rate remains at yesterday’s level – 43.60 UAH.
An interesting picture is observed with the European currency: despite the rise in exchange offices, banks are massively lowering their prices. The average selling rate of the euro has fallen to 50.76 UAH (-14 kopecks), and it can be sold for 50.10 UAH (-10 kopecks).
For those planning currency transactions, the most attractive conditions are offered by mobile applications.
- PrivatBank sells the dollar in branches for 44.10 UAH, for card transactions – for 44.05 UAH. The euro can be purchased for 50.80 UAH at counters and 51.02 UAH cashless.
- Oschadbank has updated its rates and sells the dollar for cards at 44.25 UAH, in “Mobile Oschad” – 44.05 UAH. The euro is priced at 51.10 UAH and 50.90 UAH respectively.
- PUMB sells the dollar in branches for 44.20 UAH, online – for 44.00 UAH. The euro is 50.80 UAH at counters and 50.60 UAH in the app.
- Monobank offers the dollar for 44.05 UAH, and the euro for 51.05 UAH.
Read also: Pensions, supplements, medical assistance, tariffs, and rates: what will change for Ukrainians in April
