A steady upward trend in the cost of major foreign currencies persists on the Ukrainian currency market. As of November 10, 2026, the hryvnia continues to gradually weaken against the dollar and the euro, while the National Bank of Ukraine has once again adjusted the official exchange rates upward for both the American and European currencies. At the same time, according to banking analysts, the market situation in the coming days will remain generally predictable, although situational fluctuations caused by changes in supply and demand ratios cannot be ruled out.
Official NBU Exchange Rates for November 11
On Wednesday, November 11, the National Bank of Ukraine set the official dollar exchange rate at 45.50 UAH per unit of the U.S. currency. Compared to the previous banking day — Tuesday, November 10, when the rate was 45.41 UAH — the dollar rose by 9 kopecks. The official euro exchange rate also showed growth: the regulator fixed it at 51.07 UAH, which is 26 kopecks higher than Tuesday's figure (50.81 UAH). Thus, in a single banking day, both key currencies added to their value, continuing the upward trajectory that began back in October.
Context: From October's All-Time Highs to Current Quotes
The current exchange rate levels are a logical continuation of the trend formed at the end of October 2026. As reported earlier, on October 26, the dollar updated its historical maximum according to the NBU official rate, reaching 45.2021 UAH, surpassing the previous record from October 14 (45.0802 UAH). By the beginning of November, interbank quotes had already exceeded the 45.2 UAH mark, and in exchange offices, the dollar was offered at 45.60 UAH and above. By November 3, the average selling rate of the dollar in banks reached 46.26 UAH, and in exchange offices — 47.00 UAH. Thus, by November 10–11, the market stabilized, and the NBU official rate (45.50 UAH) reflects a moderate rather than sharp appreciation.
Imbalance in the Cash Market and Its Causes
At the beginning of November, a temporary imbalance arose in Ukraine's cash currency market due to a reduction in the physical supply of dollars. As a result, the gap between exchange office rates and the interbank market widened. According to Taras Lesovoy, Director of the Financial Markets and Investment Department at Globus Bank, this situation does not indicate fundamental problems in the monetary system or the approach of a sharp currency appreciation. The imbalance is temporary and driven by seasonal factors of demand and cash logistics.
Forecast: What to Expect from the Exchange Rate in the Coming Days
Taras Lesovoy notes that in the coming days, the situation on the currency market will remain predictable, and the dynamics of fluctuations will largely repeat the trends of the past two weeks. At the same time, situational changes in the supply and demand ratio are possible, which will affect short-term quotes. A key factor in stabilization will be the replenishment of cash dollar reserves by banks: as this process continues, the gap between the cash and interbank market rates will gradually narrow. Additional currency supply is also capable of easing pressure on selling rates in exchange offices, which may lead to a moderate smoothing of quotes in the cash segment.
Conclusions for Cash Currency Holders
For individuals and businesses, the current situation means that no significant sharp rate jumps are expected in the coming days. Nevertheless, considering the persistence of the upward trend and the temporary imbalance in the cash market, when planning large currency transactions, it is advisable to take into account the potential difference between interbank and exchange rates. Banks, in turn, are working to restore normal levels of cash dollar supply, which should help narrow the quotes across all market segments.
