Ukrainian hryvnia (UAH) market outlook and exchange rates

UAH Market Update

08 Aug 2026 • 01:34 GMT

UAH/USD 0.022330

The Ukrainian hryvnia remains relatively stable against the US dollar, trading at approximately 0.022330, just below its three-month average. Over recent weeks, UAH/USD has stayed within a narrow 2.9% range, indicating limited volatility despite recent depreciations.

While the hryvnia has experienced downward pressure, recent data shows the National Bank of Ukraine is actively working to stabilize the currency. The NBU continues its managed flexibility approach, intervening where necessary to prevent sharp declines, especially amid ongoing geopolitical uncertainties.

Compared to other major currencies, UAH has seen some declines, notably against the euro and British pound, where it reached recent 30-day lows. However, the USD remains close to its recent supported levels, with no dramatic moves despite global tensions and energy market fluctuations.

Overall, the hryvnia's outlook suggests cautious stability, with the NBU’s measures helping to maintain order in the exchange rate amidst external pressures. Market participants should keep an eye on geopolitical developments and energy prices, which could influence future currency movements.