Ukraine’s National Bank set the official exchange rate for Monday at 44.67 hryvnia per U.S. dollar, marking a 1-kopiyka strengthening of the local currency, while the euro was fixed at 51.19 hryvnia.
Ukraine sets hryvnia at 44.67 per dollar
The move points to a broadly stable foreign-exchange backdrop for an economy still dependent on external funding and import flows. Even small changes in the official rate matter in Ukraine because they feed into prices for fuel, food, electronics and other imported goods, while also shaping expectations for companies with foreign-currency revenues or liabilities.
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On the interbank market, the hryvnia was quoted at 44.6/45.85 per dollar and 52.20/51.9 per euro, underscoring that trading remains active but still vulnerable to swings in demand for hard currency. The National Bank’s setting effectively anchors the market and signals where policymakers see the currency trading at the start of the week.
For investors, the immediate implication is less about a single 1-kopiyka adjustment and more about the persistence of managed stability. FX-linked assets, importers and banks all track the official rate closely, while any gap between the official and market rates can influence pricing, liquidity and hedging behavior.
The broader policy backdrop also matters. The government is still forecasting a much weaker dollar path in the years ahead, including an average exchange rate of 47.1 hryvnia per dollar in 2027 and 48.3 hryvnia at the end of that year, figures the briefing itself notes are only estimates and often miss the mark.
| Entity | Gains | Losses |
|---|---|---|
| Hryvnia | ▲Slight strengthening | ▼Dollar buyers |
| Importers | ▲Lower immediate FX pressure | ▼Exporters with local costs |
| National Bank of Ukraine | ▲Greater rate stability | ▼Traders seeking volatility |
| Consumers | ▲Softer import-price pressure | ▼Hard-currency savers |
