Ukrainian Hryvnia Hits New Low Against the Dollar: Exchange Rate for March 5.

U.S. Dollar Strengthens Against the Hryvnia

According to Novyny.live: On March 4, 2026, the National Bank of Ukraine (NBU) set a new all-time high for the U.S. dollar exchange rate. The official rate rose by 22 kopiykas to reach 43.4548 UAH. This move surpassed the previous record of 43.41 UAH, which was set on January 19, 2026. The Ukrainian hryvnia has faced significant pressure due to ongoing economic challenges and high import demands.

The cash market also saw the dollar climb. At the start of trading on March 4, the rate was 43.40 UAH for buying and 43.56 UAH for selling. By midday, exchange offices were quoting rates as high as 43.56 UAH for buying and 43.79 UAH for selling. These intraday fluctuations highlight the heightened activity and volatility in the currency market.

Forecasts for the Dollar's Value

According to the NBU's projection, the official dollar rate for March 5, 2026, will be set at 43.717 UAH. For the same date, the official euro rate will be 50.8341 UAH. Many economists are concerned that the dollar's value may continue to rise in the near term. A sustained increase typically makes imported goods more expensive, which can fuel inflation and reduce household purchasing power.

This new record and the anticipated further increase point to strong upward pressures on Ukraine's currency market. The situation requires careful monitoring, as these shifts could have substantial consequences for the national economy and the financial well-being of citizens. Economists are urging authorities to remain vigilant and be prepared to make potential adjustments to monetary policy in response to these market dynamics.