The National Bank of Ukraine has once again recorded a historic minimum for the hryvnia against the US dollar, updating the official exchange rate. However, the mark of 44 hryvnias per dollar in the NBU’s official rate has not yet been surpassed.
This is reported by Finway
NBU Exchange Rate Update and Interbank Quotations
According to official data, as of March 12, the National Bank of Ukraine set the rate at 43 hryvnias 97.76 kopecks per dollar. This represents an increase of 11 kopecks compared to the previous official rate.
Meanwhile, the situation on the interbank foreign exchange market remains tense. According to Bloomberg, after trading concluded on March 11, the dollar rate on the interbank market reached 44 hryvnias 15 kopecks. At peak moments, quotations exceeded 44.2 hryvnias, indicating continued pressure on the national currency.
Dynamics of the Hryvnia Exchange Rate in Recent Years
It is worth noting that on October 3, 2023, the hryvnia exchange rate was changed for the first time in more than a year, breaking the period of stability that had lasted since July 21, 2022. For over 14 months, the official rate remained at 36 hryvnias 57 kopecks per dollar before the gradual weakening of the national currency began.
“The National Bank of Ukraine has updated the historic minimum of the hryvnia against the US dollar, although it has not fixed the level of 44 hryvnias per unit of American currency.”