The dollar and the euro are falling in value: exchange rates as of May 1
1 May 09:46
The National Bank of Ukraine has set the official exchange rates for Friday, May 1, 2026. Following an earlier rise, the dollar and the euro fell in value, while the hryvnia strengthened against both currencies, according to "Komersant Ukrainian"
Dollar exchange rate as of May 1
On Friday, May 1, the National Bank of Ukraine set the official dollar exchange rate at: 1 U.S. dollar — 43.96 UAH.
Compared to Thursday, the dollar fell by 11 kopecks. The day before, the official exchange rate for the U.S. currency was approximately 44.07 UAH.
This means that the hryvnia has partially recovered from its previous decline and has strengthened against the dollar once again.
Euro exchange rate as of May 1
The European currency also fell in value. The official euro exchange rate as of May 1 is: 1 euro = 51.45 UAH.
Compared to the previous banking day, the euro fell by 13 kopecks. On Thursday, the exchange rate of the European currency was 51.58 UAH.
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Official NBU exchange rates as of May 1
| Currency | NBU exchange rate | Change |
|---|---|---|
| US Dollar | 43.96 UAH | -11 kopecks |
| Euro | 51.45 UAH | -13 kopecks |
What’s happening with the hryvnia
After several days of fluctuations, the hryvnia strengthened against major foreign currencies. The dollar fell below the psychological threshold of 44 UAH, while the euro returned to a level of around 51.45 UAH.
These changes may be related to the current situation on the interbank foreign exchange market, the National Bank’s actions within the managed flexibility regime, and shifts in currency demand at the end of the month.
Why exchange rates fluctuate
Ukraine operates under a managed floating exchange rate regime. This means that the National Bank does not keep the hryvnia at a fixed level but smooths out excessive fluctuations in the foreign exchange market.
The exchange rate may be influenced by:
- demand for foreign currency from businesses and the public;
- the volume of currency sales by exporters;
- inflows of international financial aid;
- budget payments;
- the situation on global markets;
- the euro-to-dollar exchange rate on the international currency market.
What happened to the exchange rate the day before
The day before, on April 30, the dollar and the euro were rising in value. The dollar held steady at around 44.07 UAH, and the euro at 51.58 UAH. By May 1, both currencies had fallen.
Thus, after a brief rise, the currency market corrected, and the hryvnia strengthened slightly.
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