Ukrainian Hryvnia Fluctuates in January 2026, Trading Between 42.17 and 43.41 to the Dollar.

13.02.2026 208

13.02.2026 208

Ukrainian Hryvnia Fluctuates in January 2026, Trading Between 42.17 and 43.41 to the Dollar

Hryvnia Devaluation in January 2026

According to Novyny.live: The Ukrainian hryvnia experienced a significant devaluation against the US dollar in January 2026. The National Bank of Ukraine is actively managing the situation on the foreign exchange market, intervening when necessary. The currency traded within a range, with a low of 42.17 UAH and a high of 43.41 UAH per dollar. This volatility occurs against the backdrop of Ukraine's ongoing economic challenges following the full-scale invasion.

In a move to stabilize the financial situation, the National Bank reduced its key policy rate by 0.5 percentage points, from 15.5% to 15%, at the end of January 2026. For context, the average annual exchange rate projected in the state budget for the year is set at 45.7 UAH per dollar.

Expert Forecasts and Recommendations

Expert Oleksiy Plotnikov noted that while devaluation is occurring, it remains under control.

"The National Bank is intervening in the foreign exchange market, and Ukraine's gold and foreign exchange reserves are currently at their highest level since independence,"

said Plotnikov. He also expressed the opinion that the pace of devaluation is slowing and that the exchange rate is unlikely to exceed 44-45 UAH per dollar in the near future.

Plotnikov further believes that the official hryvnia-to-dollar rate will not cross the psychological threshold of 44 UAH during February. At the same time, citizens are advised to exercise caution when exchanging currency, as not all US dollar banknotes may be accepted by exchange offices.

The situation on the currency market remains tense, and Ukrainians should monitor exchange rate changes to make informed financial decisions. The January 2026 devaluation reflects Ukraine's complex economic situation, requiring careful monitoring by both the state and the population. The key rate reduction indicates the National Bank's efforts to support financial stability, though the controlled nature of the devaluation underscores the need for prudence in currency transactions. In these conditions of a fluctuating rate, it is crucial for Ukrainians to be aware of the associated risks and opportunities.