The euro is falling sharply: exchange rates as of February 20
20 February 08:51
The National Bank of Ukraine has set a new official exchange rate for February 20, 2026. The euro has shown a sharp change after previous fluctuations, while the US dollar remains relatively stable. Such currency fluctuations can affect prices, imports, Ukrainians’ savings, and the overall economic situation.
This is evidenced by official data from the National Bank of Ukraine, according to "Komersant Ukrainian".
Official exchange rates for February 20
On Friday, February 20, the NBU set the following rates:
- 1 US dollar — 43.26 UAH (-3 kopecks)
- 1 euro — 51.91 UAH (76 kopecks)
- 1 Polish zloty — 12.06 UAH (-9 kopecks)
Thus, the dollar remains stable with minimal changes, while the euro has shown significant fluctuations.
Why is the euro exchange rate changing so dramatically?
The euro exchange rate in Ukraine directly depends on the situation on the international currency market, in particular the euro-dollar exchange rate.
The main reasons for the fluctuations are:
1. Global currency markets
The euro is more sensitive to changes in the global economy than the dollar. Any news about the European Union’s economy or the European Central Bank’s policy affects its exchange rate.
2. Euro to dollar exchange rate
Since the hryvnia is pegged to the dollar more stably, changes in the euro are often the result of fluctuations in the EUR/USD pair.
3. Demand for currency in Ukraine
Demand for the euro is growing due to:
- imports of goods from the EU;
- Ukrainians traveling to Europe;
- payment for education and services abroad.
Why the dollar remains stable
The US dollar remains the main reserve currency for Ukraine. The National Bank controls its exchange rate more actively.
The main reasons for the dollar’s stability are:
- currency interventions by the NBU;
- international financial assistance to Ukraine;
- controlled currency market;
- high demand for the dollar as a reserve currency.
What currency fluctuations affect
Currency fluctuations directly affect the economy and the lives of Ukrainians.
1. Prices for imported goods
The rise in the value of the euro may lead to an increase in prices for:
- cars from Europe;
- appliances;
- medicines;
- clothing and household appliances.
2. Travel costs
Trips to Europe are becoming more expensive as the euro rises.
3. Savings of Ukrainians
Citizens who keep their money in foreign currency can either gain or lose depending on exchange rate fluctuations.
4. Business and imports
Companies that work with European partners are forced to review their prices and expenses.
