Exchange rates as of March 27: The dollar rose, while the euro and the zloty fell
27 March 09:07
The National Bank of Ukraine has set the official exchange rates for Friday, March 27. The U.S. dollar rose slightly, while the euro and the Polish zloty lost ground. This is according to data published on the official website of the National Bank of Ukraine, as reported by "Komersant Ukrainian"
Thus, the hryvnia weakened slightly against the dollar but strengthened against the euro and the zloty.
Dollar exchange rate
The official US dollar exchange rate as of March 27 was set at 43.88 UAH per dollar, which is 1 kopeck more than on the previous banking day.
Thus, the hryvnia has slightly weakened against the US currency.
Euro exchange rate
The National Bank of Ukraine set the official euro exchange rate at 50.61 UAH per 1 euro. The European currency fell by 24 kopecks at once, indicating a strengthening of the hryvnia against the euro.
Polish zloty exchange rate
The Polish zloty exchange rate as of March 27 is 11.84 UAH per 1 zloty. Compared to the previous day, the Polish currency lost 6 kopecks.
Why exchange rates fluctuate
Experts note that fluctuations in exchange rates can depend on several factors:
- the situation on the interbank market;
- currency interventions by the NBU;
- importer demand;
- the international economic situation;
- fluctuations in the euro-to-dollar exchange rate on global markets.
Minor fluctuations of a few kopecks are usually considered technical market fluctuations.
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What are the exchange rates at banks?
In addition to the official NBU exchange rate, exchange rates at banks and currency exchange offices remain important for Ukrainians, as they may vary depending on supply and demand.
Typically, the commercial rate:
- higher when buying currency;
- lower when selling.
What to expect next
Financial analysts note that sharp exchange rate fluctuations are currently unlikely due to the National Bank’s policy on currency market control.
The main factors that could influence the exchange rate in the near term remain:
- international financial aid;
- export revenue;
- the import situation;
- macroeconomic stability.
What this means for Ukrainians
Currency fluctuations can affect:
- prices of imported goods;
- fuel costs;
- prices of appliances;
- travel services.
However, minor changes usually do not have an immediate impact on prices
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