Ukraine had been in top remittance receivers across the globe but there was a huge decline in inflows to and outflows from Ukraine in year 2015. Ukraine received $ 6.2 billion in 2015 which was 35% less than previous year.
Ukrain receives more money through remittance providers than through banks. This has made remittance market of Ukraine very competitive. If you need to send money to Ukraine, you should compare various money transfer options to get the best exchange value for your hard-earned money.
For comparing remittance providers you can rely on Exchange Rate IQ which is a unified platform to explore and compare money transfer services in terms of exchange rate, fee and transfer time. You also get to know the estimated value of the amount being transferred in UAH. With all this information available at a single place, you can quickly make an informed decision.
Current Exchange Rate(Mid Market) :- 26.1421 UAH/USD
is a currency exchange rate. Usually traders in currency exchange market have two exchange rates -
- Selling exchange rate - at which sellers are willing to sell a particular currency and
- Buying exchange rate - at which buyers are willing to buy a particular currency.
Mid-market rate is the mid-point of these two rates. This is the most transparent and the most accurate exchange rate. It is also known as “Interbank Rate” or “Spot Rate” or “Real Exchange Rate”. This is the rate which independent sources like Reuter, Google etc show.