From November 4, the NBU introduced a new reference rate of the hryvnia to the euro. It will be calculated daily on working days starting at 12:00 and published no later than 12:30. "The indicator reflects a reliable, trustworthy and representative value of the hryvnia to euro exchange rate, which is calculated using the reference value of the hryvnia to US dollar exchange rate and a reliable and representative indicator of the dollar to euro exchange rate in the spot market," the financial regulator said.