The National Bank of Ukraine set the official dollar exchange rate at 44.34 UAH/USD on June 3. This is 4 kopecks higher than the previous banking day. The euro is valued at 51.66 UAH, while the Polish zloty costs 12.20 UAH per unit.
This is reported by Business • Media
Official NBU Rate: Dollar, Euro, and Polish Zloty
According to NBU data, the official rates for major currencies are as follows:
- US Dollar (USD) – 44.3399 UAH
- Euro (EUR) – 51.6604 UAH
- Polish Zloty (PLN) – 12.2004 UAH
Exchange Rates in Banks and Exchange Offices
In Ukrainian banks, the dollar is bought at 44.04 UAH and sold at 44.48 UAH. The euro can be purchased for 51.275 UAH and sold for 51.935 UAH. The Polish zloty is bought at 11.80 UAH and sold at 12.40 UAH.
In exchange offices, the rates differ slightly: the dollar is bought at 44.10 UAH and sold at 44.20 UAH. The euro is bought at 51.65 UAH and sold at 51.80 UAH. The Polish zloty is bought at 12.05 UAH and sold at 12.15 UAH.
What is the Exchange Rate and Why is it Important
The exchange rate determines the relationship between the national currency and foreign currencies. It is a key tool of economic policy that affects international trade, financial transactions, and investments. In Ukraine, there are two main regimes for forming the exchange rate in the interbank market: floating and fixed.
- Floating Rate is formed under the influence of supply and demand in the currency market, allowing for flexible responses to economic changes.
- Fixed Rate is set by the National Bank for a specified period. This ensures stability but may reduce the competitiveness of the economy.
The National Bank also establishes a separate commercial rate for enterprises engaged in foreign economic activities. This rate is usually more favorable than the standard one and allows for effective currency transactions, taking into account the constant changes in prices on the black market.
History of the Official Dollar Exchange Rate from 2014 to 2025
Since 2014, the dollar exchange rate in Ukraine has experienced significant fluctuations. As of June 2014, the dollar was worth 11.7 UAH, in June 2020 it was 26.6 UAH, and by June 2025 it is expected to be 41.64 UAH. The dynamics show a gradual increase in the rate, especially after the onset of the full-scale war of Russia against Ukraine.
“With the onset of the war, the National Bank of Ukraine kept the official exchange rate of the hryvnia frozen at 29.25 UAH per dollar — the same rate it was on the first day of Russia’s full-scale invasion.”
From the beginning of the invasion, the regulator initially fixed the rate, and later gradually returned to a floating regime and lifted administrative restrictions. In July 2022, the dollar rate rose to 36.57 UAH/$, and in August 2023, citizens were allowed to purchase currency online within a limit of 50,000 UAH per month at one bank. The limit for purchasing non-cash currency with subsequent placement in a deposit was also raised to 200,000 UAH.
How Currency Rates are Formed in Ukrainian Banks
In Ukraine, the market rate is formed in the interbank market depending on supply and demand. Sellers include exporters and investors who sell foreign currency, while buyers exchange hryvnias for currency for import operations or other purposes.
The National Bank of Ukraine regularly conducts interventions — buying or selling currency to stabilize the rate and replenish gold and foreign exchange reserves. The NBU may also sell dollars from its reserves at the market rate if needed for government procurement.
New Restrictions and Regulations in the Currency Market
Since July 29, 2024, the National Bank has tightened requirements for non-bank financial institutions that conduct cash currency exchanges. According to the new rules, such companies are prohibited from displaying current rates on street boards and other external media.
Exchange rates affect international remittances, foreign economic activities, and personal finances of citizens, especially during travel or investment abroad. Each bank independently sets its own buying and selling rates, while the currency corridor defines the limits of permissible fluctuations in the market.