The dollar and euro have fallen in value: the NBU has updated the exchange rates for February 2
2 February 08:27
The National Bank of Ukraine has published updated official exchange rates for the hryvnia against foreign currencies for Monday, February 2. After several days of growth and historic highs, both the dollar and the euro fell in price, with the European currency moving away from its recent record high. This is evidenced by updated data from the regulator, according to "Komersant Ukrainian".
Dollar exchange rate: slight decline
The official dollar exchange rate is set at 42.81 UAH, which is 3 kopecks less than on Friday, January 30 (42.84 UAH).
The regulator reminds us that the historical maximum of the US currency was recorded on January 19 — 43.41 UAH/USD.
Euro exchange rate: a rollback from the record
The euro fell more significantly. As of February 2, the official exchange rate is 51.02 UAH, which is 22 kopecks lower than at the end of last week. On January 30, the European currency set a new historical record — 51.24 UAH/euro.
What does the exchange rate correction mean?
The current decline after peak values indicates a correction in the currency market. Such movements usually occur after periods of increased volatility and do not mean an automatic change in the long-term trend.
The further dynamics of the hryvnia will depend on:
- the balance of supply and demand on the interbank market;
- the situation on external markets;
- the regulator’s monetary policy decisions and signals.
Read us on Telegram: important topics – without censorship
