The dollar exchange rate has broken a record: how much will the currency cost on March 4
4 March 06:38
The dollar in Ukraine has once again reached a historic high. The National Bank has sharply raised the official exchange rate of the US currency, which continues to strengthen against the hryvnia. This is evidenced by updated data on the regulator’s website, reports "Komersant Ukrainian".
We will tell you in detail how much the dollar and euro will cost on March 4.
Official exchange rate for March 4
On Wednesday, March 4, the NBU set the official dollar exchange rate at 43.45 UAH/USD.
For comparison:
- On March 3, the official exchange rate was 43.23 UAH/USD.
- During interbank trading on March 3, the dollar reached a historic high of 43.53 UAH.
Thus, the US currency continues to set new records.
Euro exchange rate
At the same time, the euro has fallen slightly in value.
The official exchange rate on March 4 will be:
- 50.45 UAH/EUR
For comparison, on March 3, the exchange rate was 50.60 UAH/EUR.
Situation on the interbank and cash markets
Interbank
- dollar — up to 43.53 UAH (historic maximum)
- euro — slight decrease
Average exchange rate in banks:
- dollar — 43.13–43.57 UAH
- Euro — 50.30–50.98 UAH
Average exchange rate in exchange offices:
- dollar — 43.37–43.50 UAH
- euro — 50.70–50.95 UAH
On the cash market, the dollar rose by about 10 kopecks.
Why is the dollar rising?
Several factors influence the exchange rate dynamics:
- increased demand for currency;
- business import needs;
- energy risks and growth in imports;
- global fluctuations in currency markets;
- psychological factor after a series of historic highs.
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