Dollar Surges Again: Impact on Ukrainian Wallets
May 21, 2026 at 07:42
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✦ AI Summary
- Dollar exchange rate nears historic highs in Ukraine
- Weakening euro drives dollar surge as NBU intervenes
- Financial analysts highlight effects on consumers' finances
The dollar exchange rate in the Ukrainian interbank market is approaching historic highs, currently between 44.25–44.29 UAH, nearing the record selling price of 44.34 UAH. This rise is primarily attributed to a falling euro in the global market and the National Bank of Ukraine's (NBU) measures to stabilize the euro against the hryvnia.
Reasons Behind the Dollar Increase
For several weeks, the euro has been declining against the dollar, recently dropping to 1.159, a low not seen since early April. The NBU has been moderating the euro's depreciation against the hryvnia, preventing it from dropping as rapidly as on the global market. Consequently, this leads to an automatic increase in the dollar's value when converted to hryvnia.
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