UAH Market Update
09 May 2026 • 01:24 GMT
The Ukrainian hryvnia has seen some pressure against the US dollar, trading near 0.022768, just 0.6% below its three-month average of 0.022908. The UAH has moved within a narrow range, with recent levels staying stable between 0.022501 and 0.023349. Despite this slight weakening, the NBU continues to actively manage the currency market, aiming to prevent sharp fluctuations amid ongoing geopolitical uncertainties.
The broader US dollar trend has recently seen a decline, with the dollar index dropping around 1.9% last month, partly driven by improved risk appetite after a ceasefire between the US and Iran. This has contributed to the hryvnia’s slight depreciation, as global risk sentiment shifts away from safe-haven assets.
Looking ahead, the NBU's policies and geopolitical developments will likely stay influential for the hryvnia’s near-term move. While the currency remains relatively stable, current signs suggest it could see continued mild downward pressure if risk sentiment shifts again or external factors drive demand for foreign currencies upward.