Dollar and Euro Exchange Rate Forecast for the Week: Interbank Market Braces for New Highs.

Currency Rate Outlook for July 20–25, 2026

According to Мінфін — Крипто/Фінанси: Between July 20 and July 25, 2026, Ukraine's interbank foreign exchange market is expected to experience notable fluctuations in the dollar and euro rates, driven by specific risks and influencing factors. The projected interbank dollar rate stands at 44.5–45.0 UAH, while the cash dollar rate is forecasted to range between 44.75 and 45.25 UAH.

Key Events Shaping the Currency Market

This week, the most significant developments will likely stem from decisions made during the National Bank of Ukraine (NBU) meeting scheduled for July 30, 2026. The NBU is anticipated to maintain an aggressive stance, having already sold over $1 billion on the interbank market in the past week alone. These actions could directly impact the hryvnia's stability and the broader currency landscape.

• The euro is expected to trade at 50.6–51.6 UAH.
• A dollar rate exceeding 45 UAH might serve as a trigger for a shift in short-term trends.

According to analyst Andriy Shevchyshyn, 'a dollar rate above 45 UAH could signal a change in the short-term trend.'

Given the anticipated NBU decisions and heightened activity on the interbank market, Ukraine's currency environment remains highly dynamic. The central bank's interventions, particularly its foreign currency sales, are poised to significantly influence the hryvnia, dollar, and euro exchange rates. Market participants should closely monitor these events, as they could alter prevailing trends and near-term forecasts for currency rates in Ukraine.