Ukraine's Central Bank Sets March 5 Dollar Exchange Rate at 43.71 Hryvnias.

US Dollar to Hryvnia Rate for March 5, 2023

According to TSN.ua: The National Bank of Ukraine (NBU) has set the official US dollar exchange rate for March 5, 2023, at 43.71 hryvnias. This represents an increase of 26 kopiyoks from the rate recorded the previous day. The official rate serves as a key benchmark for the nation's financial system. In commercial banks, the average dollar purchase rate is 43.55 UAH, while the average selling rate is 44.20 UAH.

Exchange Office and Bank Rates

Currency exchange offices show slightly different figures, with a purchase rate of 43.80 UAH and a selling rate of 44.10 UAH.

Among individual banks, the dollar purchase rate varies:

• «PrivatBank» – 43.55 UAH
• «Oschadbank» – 43.65 UAH
• «UkrSibbank» – 43.55 UAH
• «PUMB» – 43.60 UAH
• «Raiffeisen Bank» – 43.65 UAH
• «MTB Bank» – 43.70 UAH
• «Sense Bank» – 43.70 UAH

The selling rates at these banks are as follows:

• «PrivatBank» – 44.15 UAH
• «Oschadbank» – 43.99 UAH
• «UkrSibbank» – 44.15 UAH
• «PUMB» – 44.20 UAH
• «Raiffeisen Bank» – 44.10 UAH
• «MTB Bank» – 44.20 UAH
• «Sense Bank» – 44.05 UAH

Expert Taras Lesoviy notes that 'the US dollar will likely hold near 43 hryvnias.'

The rise in the dollar's value against the hryvnia points to continued instability in Ukraine's currency market, a situation influenced by various economic pressures including inflation and the global financial climate. Maintaining control over the exchange rate remains a critical task for the National Bank, as it directly impacts the national economy, particularly the cost of imported goods and the overall price level. Analysts suggest the dollar may remain around this level in the near term, though market conditions can shift rapidly due to both domestic and international factors.