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The Ukrainian Hryvnia (грн) and the US Dollar are two currencies that have been subject to fluctuations in value over the years. The exchange rate between them can be volatile.
In recent years, the Ukrainian Hryvnia has experienced significant devaluation, with the exchange rate dropping from around 8 UAH to 1 USD in 2013 to around 26 UAH to 1 USD in 2015. This was largely due to economic instability and conflict in the region.
The exchange rate has since stabilized, but the Hryvnia remains a relatively unstable currency compared to the US Dollar. This can make it challenging for travelers and businesses to navigate the exchange rate.
Exchange Rates
The official exchange rate of the US dollar to the Ukrainian hryvnia (UAH) has surpassed 42 hryvnia per dollar. This is a significant milestone, as the previous record was 41.99 hryvnia per dollar.
The exchange rate has been fluctuating rapidly, with the Bloomberg market opening at 41.97 hryvnia per dollar and reaching a high of 42.1 hryvnia per dollar. The National Bank of Ukraine (NBU) has officially set the exchange rate at 42.0390 hryvnia per dollar.
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The NBU has been selling dollars from its gold and foreign currency reserves, with sales reaching $4.9 billion in less than a month. This is a record-breaking figure, exceeding the sales of $2.7 billion in November and $3.6 billion in December 2023.
Here are the current exchange rates for the Ukrainian hryvnia to the US dollar:
The current exchange rate is 0.02366 USD per UAH, which means that 100 UAH is equivalent to 2.3658 USD.
Comparison and Analysis
When comparing exchange rates, it's essential to know that some competitors hide extra fees in their exchange rates, charging you more without your knowledge. Wise, on the other hand, offers a genuine exchange rate without any hidden commissions.
Our competitors often charge double fees if they have any, which can add up quickly. This is not the case with Wise, where you only pay for the service you need.
Currently, the US Dollar is stronger than the Ukrainian Hryvnia, with 1 USD equaling 42,268 UAH. This means if you're exchanging Hryvnia for Dollars, you'll get a better deal.
See what others are reading: Exchange Rate Yen vs Dollar
Compare Money Transfer Prices
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When comparing money transfer prices, it's essential to look beyond the surface level. Our competitors often add hidden fees to their exchange rates, charging you more without your knowledge.
Some competitors even charge you commissions twice. Wise, on the other hand, doesn't hide additional fees in their exchange rates. This means you get a genuine exchange rate.
Our competitors might seem cheaper at first glance, but don't be fooled by their low-ball estimates. When you factor in their hidden fees and commissions, you'll often find that Wise is the more cost-effective option.
To make an informed decision, compare Wise's exchange rate and commission fees with those of our competitors. You'll likely be surprised by the difference.
Что Дороже, Украинская Гривна или США
The value of money can fluctuate significantly depending on the currency. Currently, the US Dollar is stronger than the Ukrainian Hryvna, with 1 USD equaling 42.268 UAH.
This means that if you're traveling to Ukraine, you'll get more Hryvnas for your Dollars. In fact, 1 UAH is worth only 0.02366 USD.
The exchange rate between the two currencies is quite significant, with the US Dollar being nearly 1800 times stronger than the Ukrainian Hryvna. This can make a big difference in your daily expenses when traveling abroad.
Продавать или покупать
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It's essential to consider whether to sell or buy currency. According to experts, it's not a good idea to sell currency unless it's in a case of extreme necessity or for investing in another profitable instrument.
The average annual return on OGVZ (Облигации Валютно-Государственных Заимствований) is 14%, making them a more attractive option than bank deposits in hryvnia, especially after the 3.5% increase in the military tax from December 1.
Many people prefer to hold onto cash, especially in times of war, and prefer to have dollar bills "under the mattress" rather than investing in OGVZ with higher returns.
The cost of a dollar has decreased slightly, making it a good time to buy, and it's widely available in banks and exchange points.
People tend to be conservative with their finances, preferring familiar instruments like deposits or cash, due to a lack of financial literacy and trust in new investment tools.
Expand your knowledge: Buy Doll Hair
Market Trends and History
The market trends for the Ukrainian hryvnia (грн) against the US dollar are quite interesting. Over the past week, the hryvnia has strengthened against the dollar, with a 14-kopek increase.
The official exchange rate set by the National Bank of Ukraine has been relatively stable, with fluctuations of around 20 kopeks. On Monday, December 9, the exchange rate was set at 41.44 hryvnia per dollar.
The unofficial market, however, has seen a different trend. According to finance.ua and minfin.com.ua, the dollar's trend changed twice during the week, with a notable decline on Wednesday, December 4. On Sunday, December 8, the dollar's price dropped to 41.80 kopeks.
Here's a brief overview of the past week's exchange rates:
The hryvnia's performance against the dollar has been mixed over the past year, with a slight decline of -0.48% in the past 12 months. However, over the past decade, the hryvnia has lost significant value against the dollar, with a decline of -43.17%. This has resulted in a decrease in the hryvnia's purchasing power compared to the dollar.
Sources
- https://wise.com/ru/currency-converter/usd-to-uah-rate
- https://ru.investing.com/currencies/uah-usd-converter
- https://strana.news/finance/477540-kakie-ofitsialnyj-kurs-dollara-nbu-i-na-mezhbanke-nakanune-novoho-hoda.html
- https://www.exchange-rates.org/ru/%D0%BA%D0%BE%D0%BD%D0%B2%D0%B5%D1%80%D1%82%D0%B5%D1%80/uah-usd
- https://tsn.ua/ru/exclusive/kurs-valyut-v-ukraine-dollar-topchetsya-na-meste-kogda-zhdat-skachka-vyshe-42-griven-2718570.html
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