The NBU has strengthened the hryvnia: exchange rates for the dollar, euro, and zloty as of March 16
16 March 07:45
As of Monday, March 16, the National Bank of Ukraine strengthened the hryvnia against major foreign currencies. The U.S. dollar fell slightly after a previous rise, while the euro saw a more significant drop, and the Polish zloty also weakened. This is evidenced by official data published on the National Bank of Ukraine’s website, reports "Komersant Ukrainian"
Official dollar exchange rate as of March 16
The NBU set the official US dollar exchange rate at 44.14 UAH per dollar.
For comparison, as of March 13, the rate was 44.16 UAH per dollar. Thus, the US currency lost 2 kopecks.
What exchange rate did the NBU set for the euro?
A more significant decline was recorded for the European currency. The official euro exchange rate as of March 16 is 50.67 UAH per euro, which is 29 kopecks less compared to the previous banking day, when the rate stood at 50.96 UAH.
The situation on the interbank market
On Ukraine’s interbank currency market as of 4:00 p.m., the hryvnia’s exchange rate against the dollar ranged between 44.05 and 44.10 UAH per dollar.
As for the euro, quotes settled at 50.56–50.60 UAH per euro.
Polish zloty exchange rate
The Polish zloty also showed a decline. While its rate was 11.96 UAH on March 13, by March 16 it had fallen to 11.87 UAH per zloty, a drop of nearly 9 kopecks.
What do these exchange rate changes mean?
The strengthening of the hryvnia against major currencies may indicate short-term stabilization of the currency market.
At the same time, experts note that exchange rate fluctuations remain dependent on the macroeconomic situation, the volume of international aid, exports, and the situation on financial markets.
