Ukrainian Central Bank Lowers Official Dollar Rate to 43.17 Hryvnias Amid Black Market Fluctuations.

US Dollar Exchange Rate in Ukraine for February 5, 2023

According to Novyny.live: On February 5, 2023, the National Bank of Ukraine (NBU) set a weaker official exchange rate for the US dollar at 43.1695 hryvnias per dollar. This official rate is a key benchmark for the country's financial system. On the same day, trading on the unofficial black market saw the dollar's value fluctuate, with selling prices reaching 43.200 hryvnias and buying prices at 43.100 hryvnias per dollar.

The rates offered by commercial banks on that day were as follows:

• Selling rate – 43.40 hryvnias per dollar;
• Buying rate – 42.90 hryvnias per dollar.

Black market rates shifted throughout the day. At 10:00 AM, the selling rate dropped to 43.66 hryvnias per dollar, while the buying rate rose to 43.074 hryvnias. By the afternoon at 1:00 PM, the selling price had reached 43.200 hryvnias, with the buying price at 43.100 hryvnias. At 3:00 PM, the selling rate was 43.186 hryvnias per dollar, while the buying rate remained steady at 43.100 hryvnias.

Currency Market Dynamics in Ukraine

It is noteworthy that in January 2026, the euro reached a new historic high for its official exchange rate in Ukraine, settling at 51.25 hryvnias. In the core EUR/USD pair, the rate was fixed at 1.20 dollars per euro. These figures highlight the ongoing volatility within Ukraine's currency market and the dollar's responsive movement to various economic pressures.

The fluctuations in the dollar's rate, both in banks and on the black market, point to instability in Ukraine's foreign exchange situation. The NBU's decision to lower the official dollar rate can be attributed to several economic factors, including shifts in currency supply and demand and the broader national economic climate. The concurrent rise of the euro may reflect trends in international trade and their impact on the national currency, a situation that requires continued monitoring and analysis of relevant economic conditions.