On October 31, 2014, the National Bank of Ukraine intervened in the foreign exchange market by selling USD 199.96 million at the exchange rate of 12.95 UAH = 1 USD. 72 banks were involved in foreign exchange intervention operations. Foreign exchange was sold to banks to meet the demand from banks' clients.

The sale of foreign exchange was subject to advance submission by the bank of one bid for the purchase of foreign exchange to the National Bank of Ukraine. The maximum bid amount should not exceed 10% of the announced amount of foreign exchange interventions.