Euro for the first time costs almost 50 hryvnias: what to do with the currency now.

According to ТСН: Last week, the rapid appreciation of the euro became noticeable, reaching an average cash exchange rate of about 50 hryvnias - this is a new record. The dollar also increased slightly, although not as sharply.

Important event for Ukraine

This week, an important event is scheduled in Ukraine: on December 18-19, a decision regarding international financial assistance for 2026 is expected to be made.

How this will affect the dollar exchange rate, and which currency is currently more advantageous for purchase, consider in the analytical project of TSN.ua.

Currency exchange rate dynamics

According to the information from finance.ua and minfin.com.ua, during the week from December 8 to 14, the average cash dollar exchange rate rose by 12 kopecks - to 42.50 UAH for the dollar in sales and 41.97 UAH for purchases. The highest rate was recorded on Wednesday, December 10 - 42.55 UAH for the dollar in sales.

The cash euro appreciated by almost 50 kopecks over the week. The average sale exchange rate approached 50 UAH for the euro, amounting to 49.86 UAH (+47 kopecks). The purchase rate of the euro also rose to 49.20 UAH (+41 kopecks).

In the illegal market, the dollar selling rate was unstable, showing daily fluctuations. The buying rate fluctuated between 42.20–42.35 UAH for the dollar. The official dollar exchange rate rose to 42.27 UAH for the dollar (+21 kopecks).

Throughout the week, the NBU weakened the hryvnia. The official exchange rate of the euro, in particular, reached a record of 49.52 UAH per euro on Friday, December 12.

Expectations in the currency market

Experts note that the rise in the value of the euro currency is a consequence of the U.S. Federal Reserve's decision to lower the discount rate from December 10. This caused significant fluctuations in the market.

“The reduction of the Fed's discount rate was known in advance, so the market quickly reacted to this event,” the expert explained.

Andriy Shevchishin pointed out an increase in the currency deficit in the interbank market to 100 million dollars per day. “The demand for cash currency has risen by 30%,” he emphasized.

Control over the currency exchange rate

Regarding forecasts, Oleg Pendzin noted that this week could be critically important for the hryvnia exchange rate. “It is not excluded that we will hear the “Plan B” regarding financial assistance to Ukraine,” he believes.

“Usually, the hryvnia starts to weaken against the dollar in December due to increased budget payments and imports,” Andriy Shevchishin added.

“The National Bank is restraining the euro exchange rate, we expect the dynamics of the euro/dollar pair in the global market,” the expert emphasized.

At the same time, Oleg Pendzin advises refraining from active actions in the currency market until December 18, when it will become clear where it is better to invest funds. Andriy Zablovsky proposes to convert euros into bank metals.

Briefly about investments

Experts advise caution in investments in bank metals and assess the feasibility of investing in currency or securities. It is noted that the basis of the investment portfolio should be currency, as it is easier to convert into hryvnias.

The situation in the currency market raises many questions, and experts strongly recommend keeping up with the news, as decisions made in the coming days may significantly affect the hryvnia exchange rate. By observing currency dynamics, investors can define the most advantageous strategies in this challenging time.