Forecast for the Dollar and Euro in February 2026: Where Will Ukraine's Exchange Rates Settle?.

The State of Ukraine's Currency Market

According to Novyny.live: In early February 2026, Ukraine's currency market shows a degree of stability for the U.S. dollar and euro, though some fluctuations are anticipated. The hryvnia traded against the dollar within a range of 42.81 to 43.19 UAH/USD. As of February 13, 2026, the dollar's cross-rate with the euro stood at 1.19 USD/EUR. Meanwhile, the euro itself held steady in Ukraine, trading between 50.76 and 51.25 UAH/EUR.

Outlook for the Coming Week

Looking ahead to the next week, financial analysts project the dollar's rate may hover around 42.90 to 43.50 UAH/USD. This suggests the potential for minor volatility, but overall, the situation is expected to remain manageable. The official euro rate is forecast not to exceed 52 UAH/EUR, indicating a similar expectation of relative steadiness for the common European currency.

According to expert Oleksii Plotnikov, the National Bank of Ukraine has accelerated the hryvnia's devaluation to boost budget revenues from Western financial aid. However, he cautions that the current pace of devaluation could prove too rapid if the goal is to reach a rate of 45.70 UAH/USD by the end of 2026. This highlights the potential need for a more measured approach in managing the national currency's value. The central bank's actions are closely watched as they balance domestic economic needs with external financial support.

Consequently, Ukrainians can anticipate a period of relative stability for the dollar and euro in the immediate future, but should remain prepared for possible exchange rate shifts that could impact the country's economic conditions. Monitoring these trends is crucial for both personal finance and business planning in a nation navigating significant economic challenges.

The dynamics of Ukraine's foreign exchange market mirror the broader economic pressures the country faces, influenced by external factors like international aid and geopolitical stability. For Ukrainian citizens and businesses, staying informed and adaptable to potential currency movements is essential for sound financial decision-making. Vigilance regarding exchange rate volatility will remain a key consideration amid ongoing global market uncertainties.