Ukrainian Hryvnia Forecast for February 2026: A Look at the Dollar's Expected Range.

The State of Ukraine's Currency Exchange Rate

According to TSN.ua: Financial experts advise Ukrainians to monitor exchange rate fluctuations closely, as there is no single 'perfect' day for currency conversion. The National Bank of Ukraine set the official dollar rate at UAH 43.09 for February 11th. As of late January, the dollar-to-euro ratio stood at 1.20. Data shows the euro lost 13 kopiykas against the hryvnia, while the Polish zloty gained 2 kopiykas. Analysts predict the recent decline of the hryvnia will soon halt, with the rate not exceeding UAH 44-45 per dollar in the near term. The Ukrainian economy remains heavily influenced by the ongoing war, which continues to create significant pressure on the national currency.

Forecasts and Recommendations

Specialists further note that in February 2026, the dollar rate is expected to fluctuate within a range of UAH 42.50 to 43.50. Oleksiy Plotnikov emphasizes that Ukraine is currently experiencing a controlled devaluation. Meanwhile, Bohdan Yaremchyk points out that for small sums, the difference between various exchange rates is minimal.

Ukraine's foreign exchange reserves have reached a record high, which could positively influence the hryvnia's stability in the immediate future. Ukrainians are recommended to carefully assess the currency market situation and choose the most advantageous moments for exchange. It should be noted that the presence of a controlled devaluation may affect the future development of the exchange rate in Ukraine.

The growth in foreign exchange reserves may indicate an improvement in the country's economic situation, which, in turn, could positively impact the stability of the national currency. However, despite the forecasts, Ukrainians should remain cautious and actively track changes in the currency market to make optimal decisions regarding currency exchange.