The euro exchange rate skyrocketed due to Trump's tariffs: what to expect for Ukrainians in August.

Due to the tariff policy of US President Donald Trump, the euro exchange rate in Ukraine has sharply increased. The National Bank only sets the official exchange rate to the hryvnia, but does not control its growth. Experts advise Ukrainians not to expect a decrease in prices in the near future.

Doctor of Economic Sciences Oleksiy Plotnikov explained that recently the euro exchange rate has not fallen below the psychological barrier of 48 UAH per unit. The euro has strengthened against the dollar to 1.17, which has also influenced the rate in Ukraine after the introduction of new US customs tariffs on imports.

What will happen to the euro exchange rate in August

The current exchange rate to the euro is 48.19 UAH per unit. Experts predict further growth in the exchange rate due to a stronger EU economy compared to the USA. This will lead to an increase in prices in Ukraine in the coming months.

It is also worth noting that the currency market directly affects the cost of goods imported from the EU. The euro exchange rate determines the value of contracts concluded in European currency, which also influences prices in Ukraine.

Under the influence of Donald Trump's tariff policy, the euro exchange rate in Ukraine has risen, reaching 48.19 UAH per unit. Experts predict further growth in the exchange rate due to a stronger EU economy compared to the USA, which may lead to increased prices in Ukraine in the coming months. Additionally, the currency market directly affects the cost of imported goods from the EU, so changes in the euro exchange rate also impact overall prices in the country.