In June 2025, Ukraine observed a nearly unchanged net demand for foreign currency. The main factors contributing to this stability were the persistent interest of investors in hryvnia deposits, as well as uncertainty regarding the position of the US dollar as the world’s leading reserve currency.
This is reported by Finway
Fluctuations in the Hryvnia to Dollar Exchange Rate Remain Moderate
By the end of the month, the average official exchange rate of the hryvnia to the US dollar slightly weakened—by only 0.1%. At the same time, the difference between the official and cash exchange rates remained minor, not exceeding 0.3%. This indicates the absence of significant speculative sentiments in the currency market and the preservation of trust in the national currency.
Euro Exchange Rate Dynamics Under Global Trends
The July macroeconomic and monetary review by the NBU noted that the average exchange rate of the hryvnia to the euro continued its trend of weakening, decreasing by 2.1% over the month. This dynamic is explained by changes in the EUR/USD currency pair ratio in international markets.
“Exchange rate fluctuations were moderate and two-sided: the average official exchange rate of the hryvnia to the dollar slightly weakened (by 0.1%), and the difference with the cash rate did not exceed 0.3%.”
Overall, the situation in Ukraine’s currency market remains stable, which contributes to maintaining trust in the country’s financial system.