Australian Dollar to Ukrainian Hryvnia exchange rates aren't all the same.
The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees.
These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.
Looking for UAH travel money? Then it is important to note that the Ukrainian Hryvnia is a closed currency. Which means that it is more difficult (but not impossible)
to purchase the currency before departure and may need to buy it upon arrival. For more information and a full list of closed currencies
read our guide: What is a closed currency?
A good solution for closed currencies is to use a pre-paid travel card to avoid carrying large amounts of cash and also minimise ATM fees.
Compare Travel Cards
Exchange Rate Checker
If you have been offered/charged an exchange rate then enter it below to
check the true cost to the latest interbank mid-rate.
When determining the best time to make a foreign exchange transaction, in this case the AUD vs UAH, you should pay attention to the recent market trends for both currencies.
Australian Dollar (AUD)
In mid-June, the Australian dollar slumped to multi-month lows against SGD, CAD, JPY, CHF, USD and EUR. At US68.7¢, the benchmark Aussie rate, AUD/USD, was 16 percent below its highest rate from 2018.
Investors are selling AUD as they bet on aggressive interest rate cuts by the Reserve Bank of Australia. These cuts will be necessary, investors believe, in light of persistently soft domestic data and the fallout from a US-China trade standoff that shows no sign of nearing an end, or even easing.
The RBA is likely to cut Australian interest rates in July, as it did in June (the first cut in 3 years), and will probably cut again later this year. Although this bodes poorly for the Aussie, it won’t be the only currency this year to be hit by easier central bank policies, and that should keep depreciation at reasonable levels.
Interestingly, AUD has, for now at least, decoupled from iron ore prices. The price of iron ore (Australia’s largest export) is at multi-year highs while AUD languishes.
Why can't I just get the AUD/UAH market rate I see online or in the media?
The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between
the last rate at which the AUD / UAH was traded (bought or sold) in the international markets.
All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate).
Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.
Getting a good market rate is mainly about timing however the transaction margin
you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for
travel money and possibly over 5% to 6% when sending money.
The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.
