In July 2025, Ukrainians significantly increased their purchases of cash euros. According to the National Bank of Ukraine, the volume of this currency acquired by the population reached the equivalent of $639.1 million. In comparison, this figure was $577.7 million in June and $514.7 million in May.
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Trends in Currency Sales and Purchases
The sale of cash euros also showed growth, but it was less pronounced—reaching the equivalent of $327.3 million in July compared to $295 million in May. As a result, the net purchase of euros in July amounted to $311.8 million, while in May this figure was $219.7 million.
As for cash dollars, the NBU statistics indicate nearly equal volumes of purchases and sales in recent months. In July, the net purchase was only $17.1 million, in June it was $43.5 million, and in May it was $58.2 million.
Trends in the Currency Market and the Hryvnia Exchange Rate
The National Bank notes that for the third consecutive month, the population is selling more non-cash currency than it is buying. In July, this difference reached $57.5 million, in June it was $39.7 million, and in May it was $32.2 million. Overall, in July, the volume of foreign currency purchases among the population exceeded sales by $270 million, which is slightly less than in June ($282 million) and slightly more than in May ($248 million).
“In the cash currency market in July, the dollar did not appreciate significantly—by 17 kopecks, to 41.44–41.78 UAH/$1, while the official exchange rate of the hryvnia weakened by 12.5 kopecks—to 41.77 UAH/$1.”
Regarding transactions by banks as legal entities, in July compared to June, there was an increase in both the purchase and sale of non-cash currency: purchases rose by $737.1 million (to $9 billion 108.4 million), and sales increased by $425.9 million (to $6 billion 775.6 million). Transactions between banks increased by $932.6 million, reaching $7 billion 187.8 million.
In July, the cash dollar exchange rate rose by 17 kopecks—to 41.44–41.78 UAH/$1, while the official hryvnia exchange rate weakened by 12.5 kopecks, to 41.77 UAH/$1. At the same time, the cash and non-cash rates remained close, and on certain days, the dollar in the cash market was cheaper than in the non-cash market.
Due to the depreciation of the dollar in global markets, the price of euros in the cash market of Ukraine in July increased by approximately 90 kopecks—to 48.64–49.09 UAH/EUR1.
Net currency interventions by the National Bank in July 2025 increased to $3.436 billion, which is higher than the June figure ($2.963 billion) and exceeds the volume of July last year ($3.318 billion).