The NBU has updated its exchange rates for May 26
There have been further changes in Ukraine’s foreign exchange market: the dollar has pulled back slightly from its recent high, while the euro has continued its steady rise. The National Bank updated its official exchange rates for May 26, and the gap between the two major currencies has become even more pronounced, according to the NBU.
The US dollar was set at 44.24 hryvnia on May 26, which is 2 kopecks less than the previous day, when the currency reached a new high. After a brief surge, the market seemed to pause, and the exchange rate took a slight breather. The euro, however, continued its upward trend and gained 19 kopecks at once. The National Bank set it at 51.52 hryvnia, while the day before the rate stood at 51.33 hryvnia.
Analysts note that this trend reflects differing market sentiments—the dollar is stabilizing after its peak, while the euro is reacting more actively to external fluctuations. The domestic situation also plays a role: the easing of pressure on currency demand is linked, in particular, to the stabilization of fuel prices, which is partially cooling demand for foreign currency. “After a period of heightened demand, the market is gradually entering a calmer phase,” experts explain.
Experts add that no sharp spikes are expected in the coming days, but volatility in the euro may persist if external markets continue to change at the same pace.
Market participants are closely monitoring the NBU’s next moves and the overall economic situation, as these factors currently have the greatest impact on exchange rate dynamics.
The total amount of deposits held by individuals and sole proprietors in Ukrainian banks rose by 40.1 billion hryvnias in April, reaching 1.68 trillion hryvnias.
