Exchange offices in the center of Prague now offer the purchase of hryvnia for crowns Company News
Some exchange offices in the center of Prague have started to offer the purchase of the Ukrainian hryvnia for Czech crowns at a rate of around 100 hryvnia for 60 crowns. Even on Monday, Ukrainian refugees in the Czech Republic could hardly exchange their cash in hryvnia for crowns. Exchange options extremely extreme and unfavorable and in banks zero. For example, one exchange office in Prague bought 100 hryvnia for one crown on Monday.
“We only change up to 10,000 crowns, it’s a big risk”
For example, the exchange offices in Opletalova Street and Politických vězňů Street now offer a rate of 100 hryvnia for 60 crowns. The exchange office in the passage to Wenceslas Square offered a slightly most advantageous exchange rate of 50 to 55 hryvnia for 100 crowns, depending on the amount. “We have to help them. But we only change up to 10,000 crowns, it’s a big risk, “ said the exchange.
According to today’s official exchange rates of the National Bank of Ukraine, the price of one crown is set at 1.35 hryvnia. Therefore, 73.83 crowns should be paid for 100 hryvnia.
“A large part of the refugees have considerable amounts of cash at their disposal. However, they can hardly exchange them for Czech crowns, “ said the CEO of Comdata for the Czech Republic on Monday Jan Nedělník. According to him, the reason why banks do not accept the hryvnia was the fear of high exchange rate risk and the general instability of the Ukrainian currency.
The exchange office in Florence bought 100 hryvnia for one crown
He pointed out at the time that the exchange offices in the vast majority of cases did not buy the hryvnia at all. And if so, he usually offered extremely disadvantageous courses for Ukrainians. According to him, it was also possible to meet the extremes as in the exchange office in Prague’s Florence, which, according to him, bought 100 hryvnia for one crown on Wednesday, March 9. At the same time, it offered to buy 100 hryvnias for 80 Czech crowns.
The war in Ukraine weakened the Ukrainian hryvnia against almost all world currencies, including the Czech currency, which contributed to the simultaneous weakening of the koruna, reducing the strength of Ukrainians in the Czech Republic.