Ukrainian Central Bank Cuts Key Rate as Dollar and Euro Strengthen on January 30.

Official Exchange Rates for January 30, 2026

According to TSN.ua: The National Bank of Ukraine (NBU) has announced its official exchange rates for January 30, 2026, revealing a mixed picture for major currencies. The U.S. dollar and euro gained ground against the hryvnia, while the Polish zloty saw a slight decline. This announcement coincided with a decision to lower the central bank's key policy rate.

• The U.S. dollar rate was set at 42.84 hryvnias per dollar, an increase of 8 kopiykas.
• The euro rate was set at 51.24 hryvnias per euro, rising by 2 kopiykas from previous levels.
• The Polish zloty rate was set at 12.18 hryvnias per zloty, a decrease of 1 kopiyka.

In a related monetary policy move, the NBU reduced its discount rate from 15.5% to 15.0%. However, the bank also revised its inflation forecast for the end of 2026, worsening the projection from 6.6% to 7.5%. These policy adjustments are closely watched as indicators of the country's economic direction.

Economic Implications of the New Exchange Rates

The strengthening of the dollar and euro may reflect heightened demand for these currencies amid economic uncertainty, a trend that could increase import costs and contribute to inflationary pressures domestically. While the cut in the key rate is typically a measure to stimulate economic activity, the simultaneous downgrade of the inflation forecast highlights underlying risks that could pose challenges for economic stability in the near term.