The National Bank of Ukraine has updated the official foreign exchange rates for Thursday, November 11, 2026. Both major currencies showed a decrease compared to the previous banking day. The official dollar rate is set at 45.32 hryvnias, which is 18 kopecks lower than the figure for November 10 (45.50 UAH). The euro also became cheaper: from 51.07 UAH to 50.48 UAH, a decrease of 59 kopecks. Thus, the hryvnia strengthened against both key currencies in a single day.
Exchange rate dynamics and pressure factors on the hryvnia
The rate decrease on November 11 occurs against the backdrop of volatility that the market demonstrated throughout November. According to Ukrainian media, the regulator had already recorded fluctuations at the beginning of the month: for instance, on November 9, the dollar was at 45.32 UAH, and on November 5, there was an increase in the price of the euro and the zloty following a decline in the dollar after a record high. Experts commenting on these dynamics point to persistent pressure factors on the national currency: imports exceeding exports, increased business expenses for power supply, and the economy's dependence on international financial assistance. Some analysts warn that if the current rate of hryvnia depreciation continues, the dollar rate could approach the 46–47 UAH range by the end of the year, which they estimate will impact consumer prices.
What is happening with old 50 and 200 hryvnia banknotes
Parallel to its currency decisions, the National Bank is continuing the systematic replacement of older banknotes with modern versions. Specifically, 50 and 200 hryvnia notes of the 2003–2007 series are being replaced with 2014 series banknotes. The regulator announced the beginning of this process in October 2024, and it effectively started on November 1 of that year. The replacement is part of the NBU's effort to optimize cash circulation and improve the quality of banknotes in circulation.
Do old banknotes remain legal tender
It is important to note that Ukrainians do not need to exchange old banknotes specifically. 50 and 200 hryvnia notes of the previous series retain their status as legal tender: they can be used to pay for goods and services without restrictions. Therefore, holding such banknotes in one's wallet does not cause any payment problems — they are valid alongside the new ones.
How the withdrawal works: banks no longer issue old notes
In addition to the 50 and 200 hryvnia notes, the National Bank is gradually replacing other banknotes from previous years. The withdrawal mechanism is designed so that banks do not issue old notes from their cash registers for any type of cash transaction, and the regulator has stopped transferring these notes to banks, cash-in-transit companies, and cash processing centers. When old banknotes reach banks, they are no longer returned to circulation but are handed over to the National Bank for disposal. This is why old versions become increasingly rare in daily circulation over time, even though they remain formally valid.
