Currency Update for January 29: Dollar Drops Against the Hryvnia.

Official Exchange Rates for January 29, 2026

According to TSN.ua: The National Bank of Ukraine has published its official exchange rates for January 29, 2026. The US dollar saw a decline, falling by 19 kopiykas to reach 42.76 hryvnias. In contrast, the euro held steady, maintaining its rate of 51.22 hryvnias per euro. These official rates are a key benchmark for the Ukrainian financial market.

The Polish zloty experienced a slight increase, rising by one kopiyka to 12.19 hryvnias. Data from the previous banking day, January 28, shows the average purchase rate for the euro in banks was 50.97 hryvnias, while the average selling rate was 50.72 hryvnias. Meanwhile, currency exchange offices offered a higher selling rate for the euro, reaching 51.76 hryvnias.

Analysis of the Currency Movements

The dollar's depreciation may signal a period of stabilization for the hryvnia or reflect shifts in Ukraine's domestic economic conditions. The euro's unchanged position suggests a lack of significant volatility for that currency. The minor strengthening of the Polish zloty could be tied to economic factors in Poland influencing demand for it within Ukraine.

Monitoring these fluctuations is crucial for businesses and consumers, as they directly impact the cost of imported goods and the valuation of international financial transactions.