Exchange rates

These rates are established for the Central Branch of PJSC "MTB Bank" in the Odesa.

In other branches of the bank, exchange rates may vary.

FAQ

What Is the Exchange Rate?

The exchange rate in banks is the value of one currency expressed in another currency. In other words, it is the number of units of one currency that can be obtained for one unit of another currency. The exchange rate is determined by the foreign exchange market based on the supply and demand for currency. MTB Bank constantly changes the exchange rate under the influence of various factors, such as economic situation in countries, political events, interest rates of central banks and other factors. Consequently, the value of currencies fluctuates constantly, and people and companies conducting international transactions monitor these changes to make decisions about currency exchange and risk management.

How to Exchange Currency in MTB Bank?

The MTB360 mobile app gives you the ability to exchange currencies anytime and from anywhere. Simply log in to your account in the app, look at the exchange rate in Ukrainian banks today, select the currency exchange option, choose currency pairs and specify the amount to exchange. The app will automatically calculate the cost of the exchange and display it on your screen. Once you confirm the transaction, your exchange will be completed. If you are more inclined to traditional currency exchange, you can visit the cash desk of any nearest physical branch of MTB Bank. 

What Affects the Exchange Rate?

The economic situation of the country, such as inflation, unemployment, production and economic growth, have a great influence on the exchange rates in Ukrainian banks today. Central bank actions, such as interest rate changes, asset purchase programmes and other monetary measures, can also affect exchange rates. Events, such as political instability, conflicts, wars or international disputes, can lead to changes in exchange rates due to uncertainty and risk. Supply and demand, as a basic principle of economics, also affects exchange rates.

Why Are the NBU and MTB Bank Exchange Rates Different?

The National Bank of Ukraine may have its own methods and sources for determining exchange rates, which may differ from those used by private banks. For example, the NBU may use a larger set of data and take into account other factors, such as foreign currency reserves, which are not available to private banks. The National Bank may also set exchange rates for different purposes than private banks. For example, it may care about the stability of the foreign exchange market and the country's foreign economic competitiveness, while MTB Bank tries to set rates that are favourable to its clients.