Currency “plummets”: National Bank updates dollar and euro exchange rates for January 22
22 January 11:22
The National Bank of Ukraine has been lowering the official US dollar exchange rate for the third day in a row. Following the American currency, the euro has also begun to fall in value. This is evidenced by updated data on the regulator’s website, according to "Komersant Ukrainian".
Official NBU exchange rates for Thursday, January 22
On Thursday, January 22, the National Bank of Ukraine set the following official hryvnia exchange rates against foreign currencies:
- 1 US dollar — 43.1759 UAH;
- 1 euro — 50.6669 UAH;
- 1 Polish zloty — 11.9866 UAH;
- 1 pound sterling — 57.9593 UAH;
- 1 Chinese yuan — 6.2002 UAH.
Compared to the previous day, the euro exchange rate has fallen (from 50.72 UAH), while the dollar continues to weaken gradually.
Thus, the currency ratio is approximately 1 euro = 1.167 US dollars.
The situation on the cash market
On the cash market, despite the decline in the official exchange rate, the dollar has risen slightly in price. The average rates in exchange offices are as follows:
US dollar
- purchase — 43.40 UAH;
- sale — 43.55 UAH.
Euro
- purchase — 50.70 UAH;
- Sell — 50.95 UAH
Experts explain the difference between the official and cash exchange rates by market expectations and demand from the population and businesses.
What is happening with the currency market
The decline in official rates from the National Bank of Ukraine indicates stabilization measures by the regulator and controlled dynamics in the currency market.
At the same time, fluctuations in exchange offices remain sensitive to short-term factors such as news, demand, and seasonal payments.
