Homepage Economy The Euro Hits New Highs, the Dollar Loses Value – Exchange Rates as of August 21

The Euro Hits New Highs, the Dollar Loses Value – Exchange Rates as of August 21

The National Bank has set a new all-time high for the euro exchange rate. At the same time, the dollar has fallen for the second day in a row. The exchange rates as of August 21 have been published on the National Bank’s website, according to "Komersant Ukrainian"

On August 21, 2026, the official euro exchange rate in Ukraine rose to 52.1301 hryvnia for the first time. This is the highest value for the European currency in the entire history of the National Bank’s official exchange rate quotations.

At the same time, the dollar continued to lose value. The official exchange rate for the U.S. dollar on Friday was set at 44.6144 hryvnia.

How the Dollar and Euro Have Changed

Compared to the previous banking day, the exchange rates changed as follows:

• the euro rose from 51.8679 to 52.1301 hryvnia—an increase of 26.22 kopecks;
• the dollar fell from 44.7006 to 44.6144 hryvnia—a drop of 8.62 kopecks.

Thus, over the course of a single day, the European currency gained approximately 0.51%, while the American currency lost about 0.19%.

The NBU recorded the euro’s previous all-time high on June 16, 2026—52.0378 UAH. The new exchange rate exceeded that figure by approximately nine kopecks.

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Why Is the Euro Rising When the Dollar Is Falling?

The differing movements of the currencies are explained by the mechanism of exchange rate formation. The value of the euro in hryvnia depends on two factors at once:

1. the hryvnia’s exchange rate against the dollar;
2. the euro-dollar exchange rate on the international market.

According to the European Central Bank, on August 20, one euro was worth about 1.1681 dollars. The day before, the exchange rate was approximately 1.1605 dollars per euro.

In other words, the European currency strengthened against the U.S. dollar by about 0.7%.

Until August 21, the all-time high was considered to be 52.0378 UAH per euro, set on June 16. After that, the euro mostly remained below the psychological threshold of 52 hryvnias throughout the summer.

The NBU’s new exchange rate is:

• 1 dollar — 44.6144 UAH;
• 1 euro — 52.1301 UAH;
• 1 Polish zloty — 12.0685 UAH;
• 1 pound sterling — 60.8237 UAH;
• 1 Swiss franc — 55.8805 UAH.

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The Euro Hits New Highs, the Dollar Loses Value – Exchange Rates as of August 21