Exchange rates as of March 23: The dollar fell, while the euro and the zloty rose
23 March 08:56
The National Bank of Ukraine updated its official exchange rates for Monday, March 23. Following the weekend, the hryvnia strengthened slightly against the U.S. dollar, while the euro and the Polish zloty rose.
According to the regulator’s data, the U.S. dollar lost value, while the euro showed the most significant appreciation among major currencies, reports "Komersant Ukrainian"
Dollar exchange rate
The National Bank of Ukraine set the official US dollar exchange rate at 43.82 UAH.
Compared to the previous banking day, the US currency fell by 14 kopecks, indicating a slight strengthening of the hryvnia after the weekend.
Euro exchange rate
The official euro exchange rate as of March 23 is 50.67 UAH.
The European currency showed the most significant growth among major currencies—the euro rose by 17 kopecks.
Polish zloty exchange rate
The National Bank of Ukraine set the Polish zloty exchange rate at 11.85 UAH.
Compared to the previous day, the Polish currency rose in value by 6 kopecks.
What do currency rate changes mean?
The hryvnia’s strengthening against the dollar may be linked to situational fluctuations in demand on the foreign exchange market and the National Bank’s efforts to stabilize the exchange rate. At the same time, the euro’s rise often depends on the global dynamics of the euro/dollar pair in international markets.
The Polish zloty traditionally moves in tandem with the euro, as the economies of EU countries remain closely linked.
