How to convert rubles into hryvnias? Features of the exchange of Russian money for Ukrainian and vice versa

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

The need to convert Russian rubles into hryvnia arises both for Russians when traveling to Ukraine, and for Ukrainians when returning home from Russia. Accordingly, when moving in the opposite direction, it is necessary to transfer the hryvnia to Russian rubles. In addition, the exchange of one currency for another is necessary for those who, in the course of work, carry out settlements in both countries.

Characteristics of currencies

The national currency in Ukraine is the hryvnia. Settlements in rubles on the territory of this country are not officially made. The hryvnia is denoted by a set of letters UAH or numbers 980.

The ruble is a currency that has been used in Russia for a long time. The ancestor of modern Russian money was the Soviet ruble, which was much less subject to depreciation. The modern ruble, according to the new standards, is indicated by the symbols RUB or the numerical code 643.

The hryvnia exchange rate against the ruble for a long time was approximately 1:4. In 2014, the hryvnia depreciated significantly, and the exchange rate settled at about 1:3. The hryvnia was and remains more expensive than the ruble. This fact is notis neither positive nor negative from the point of view of the Russians, because the stability of the currency is important, and not its actual exchange rate. The country may experience a very low exchange rate of the national currency with a high level of economic development, as evidenced by the Japanese yen.

How to find out the exchange rate?

Before converting rubles into hryvnias or vice versa, you should familiarize yourself with the current exchange rate. It is better to do this immediately before the exchange operation, because the exchange rate has changed very often lately. It is necessary to distinguish the official rate from the commercial ones: you can change money only at the buying and selling rates.

Official rates, as well as average buying and selling rates of currencies are published on the websites of central banks: the Central Bank of the Russian Federation and the Ukrainian National Bank. The rate changes every day.

In addition, there are many sites where you can find built-in calculators, for example, on bank sites, on information resources, etc. To use them, just select the direction of the exchange and enter the amount that is available for the operation.

Also, Google has a very useful option. Enter in the search box: "XXX rubles in hryvnia" and immediately get the desired result. Accordingly, the query "XXX hryvnia in rubles" will help to find out the result of the transfer of Ukrainian money into Russian. You can enter the exact amount or round it up to 1 rub./1 hryvnia. Pennies are separated by a comma or a dot. The rate that will appear as a result of such an operation will be calculatedBased on US Citibank data. Rates in various banks in Russia and Ukraine may vary slightly.

Where can I convert rubles to hryvnia?

If you change Russian money for Ukrainian, then it is better to exchange it in Russia, and vice versa. In this case, you can count on a better exchange rate. Cash can be exchanged at bank branches or exchange offices. If the money is on a ruble bank card, then they can be transferred to a hryvnia card.

In addition, when paying by card abroad, foreign currency conversion occurs automatically. Hryvnia can be withdrawn on the territory of Ukraine with a ruble card (details should be clarified in your bank). Under no circumstances should you use the services of money changers, because many of them are scammers.

What you need to know when using an exchanger?

Exchangers continue to be very popular in both countries. In Russia, it is difficult to find an exchange office that accepts or issues Ukrainian currency. However, they can be found in major cities near railway stations, as well as in border areas. There is no such problem in Ukraine: you can convert rubles into hryvnia almost everywhere.

To find the exchanger with the most favorable rate, you can use the Internet: the necessary information is usually published on the information portals of the city. In addition, you can call the hotlines of several banks and find out at what rate you can exchange money in their exchangers. On the territory of Ukraineyou no longer need to present documents when exchanging currency.

Other exchange methods

In addition to exchangers, there are such ways to convert money:

• Cash exchange at a bank branch. Make sure the box office provides this service. As a rule, branches where rubles can be converted into hryvnias post information on the buying and selling rates on the street.



• Transfer between accounts. You can open accounts in different currencies in the same bank. Then it will be possible to make transfers with automatic conversion.
• Withdrawing money from the card. Check if your card will be active when traveling abroad. If yes, then you can withdraw money from ATMs with the same card that you use in your country. Money will be automatically recalculated at the current rate. It must be remembered that when withdrawing money from foreign ATMs, the bank's commission increases.