The hryvnia continues to fall against the dollar and the euro at the start of the week
The National Bank of Ukraine set the official exchange rate for the U.S. dollar on Tuesday, April 28, at 44.0894 UAH/$, reflecting a further decline in the value of the national currency. At the same time, the euro exchange rate fell by another 21 kopecks, reaching 51.7610 UAH.
The NBU reports on the hryvnia’s latest depreciation following interbank trading.
Current figures are approaching the historic lows recorded earlier this spring. The managed floating exchange rate regime, introduced by the NBU in the fall of 2023, allows the currency to respond to market changes, while the regulator continues to offset the foreign currency deficit. As a reminder, the move away from a fixed exchange rate was one of the steps taken to adapt the economy following the start of Russia’s full-scale aggression.
The official exchange rate is now determined by transactions on the interbank market rather than being set by decree. The NBU emphasizes constant monitoring of the situation to avoid sharp fluctuations and maintain financial stability. The dynamics of recent weeks reflect structural changes in currency supply and demand in Ukraine’s domestic market.
Currently, there are 2.6 billion banknotes in circulation in the country with a total value of 913 billion hryvnias, as well as 15.2 billion coins worth 9.6 billion hryvnias. This is approximately 3 billion hryvnias less than at the beginning of the year.
The National Police have concluded their investigation into a group of foreign nationals who organized a channel for the supply and sale of counterfeit U.S. currency.
