Ukrainian Hryvnia Strengthens Against Dollar, Weakens Against Euro and Zloty: NBU Rates for February 5.

Official Exchange Rates for February 5, 2023

According to TSN.ua: The National Bank of Ukraine (NBU) has published its official exchange rates for February 5, showing a shift in the hryvnia's value against major currencies. The Ukrainian currency gained ground against the US dollar while losing value against the euro and the Polish zloty. For businesses and individuals in Ukraine, these official rates are crucial for financial planning and transactions.

Specifically, the US dollar's rate was set at 43.16 UAH per 1 USD. This represents a decrease of 3 kopiykas from the previous day's rate of 43.19 UAH.

• The euro rose to 51.03 UAH per 1 EUR, an increase of 8 kopiykas from the 50.95 UAH rate recorded on February 4.
• The Polish zloty also appreciated, rising by 1 kopiyka to 12.08 UAH per 1 PLN. On February 4, its rate had held steady at 12.07 UAH.

This combination of a weaker dollar alongside a stronger euro and zloty points to dynamic and shifting conditions within Ukraine's foreign exchange market.

These fluctuations in the hryvnia's value are typically driven by a range of economic factors, including shifts in currency supply and demand, as well as broader international economic conditions. Monitoring such changes is essential for domestic businesses and foreign investors, as they directly impact financial decisions, import costs, and market strategies.

The data reflects the ongoing adjustments in Ukraine's currency market.