Exchange Rates as of June 17: The Dollar, Euro, and Zloty Have Depreciated
17 June 08:56
The National Bank of Ukraine has set the official exchange rates for Wednesday, June 17. Following the euro’s record rise the day before, the major currencies lost some of their value. This is reported on the NBU’s official website, according to "Komersant Ukrainian"
The U.S. dollar fell by 3 kopecks, the euro by 9 kopecks, and the Polish zloty by 1 kopeck.
NBU Official Exchange Rates for June 17
According to the National Bank of Ukraine, the official exchange rates as of June 17 are as follows:
- 1 U.S. dollar — 44.78 UAH;
- 1 euro — 51.94 UAH;
- 1 Polish zloty — 12.24 UAH.
Compared to the previous day, all three major currencies showed a slight decline.
Dollar Exchange Rate
The official US dollar exchange rate as of June 17 was set at 44.78 UAH.
Compared to the previous banking day, the U.S. dollar depreciated by 3 kopecks. This indicates a slight strengthening of the hryvnia against the dollar following previous fluctuations in the foreign exchange market.
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Euro Exchange Rate
The European currency also lost value. As of June 17 , the official euro exchange rate stands at 51.94 UAH.
After the euro exceeded the 52 UAH mark the previous day and set a new all-time high, the exchange rate corrected downward by 9 kopecks.
Despite the decline, the euro remains at a high level against the hryvnia.
READ ALSO: Will the dollar reach 50 UAH? An economist assesses the risks for the hryvnia
Zloty exchange rate
As of June 17 , the Polish zloty is trading at 12.24 UAH.
Compared to the previous day, the Polish currency depreciated by 1 kopeck. The zloty remains an important currency for Ukrainians due to frequent travel, work, study, and money transfers between Ukraine and Poland.
What the decline means
The current decline in the dollar, euro, and zloty is moderate and does not indicate any drastic changes in the foreign exchange market. These are daily fluctuations that depend on the interbank market situation, currency supply and demand, the actions of the National Bank, and the dynamics of global currency pairs.
This is particularly true for the euro, whose exchange rate against the hryvnia depends largely on the euro-dollar exchange rate on the international market.
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