The hryvnia hits a new low: the euro tops 51 UAH for the first time in history

The hryvnia hits a new low: the euro tops 51 UAH for the first time in history

Photo: Getty Images

Euro exceeds 51 UAH for the first time as of January 27

The National Bank of Ukraine has set the official euro rate above 51 hryvnias for the first time — at 51.06 UAH as of January 27, according to the regulator’s website.

Exchange rates overview
The official euro rate on January 27 reached 51.0647 UAH, up 41 kopecks from January 23. Since the beginning of the year (January 1 — 49.79 UAH), the euro has risen by 1.27 UAH.

The official dollar rate is 43.1253 UAH, slightly lower by 0.01 UAH compared with the previous day.

Cash market trends
In banks and exchange offices, the euro’s selling rate is 51.42 UAH (down 0.01 UAH since 10:00), while the buying rate is 50.65 UAH (up 0.02 UAH).

Dollar rates have slightly decreased by 0.02–0.03 UAH, ranging between 42.88–43.42 UAH (buy/sell).

Euro strengthening against the dollar
The euro continues to gain against the US dollar on the international market. Between January 16 and 23, the official euro rate rose by 1% — from 1.16 to 1.17 USD.

Meanwhile, the dollar is weakening against other currencies. The Bloomberg spot index tracking the US dollar against the currencies of the ten largest US trading partners fell by 2% during the same period, from 99,393 to 97,312 points.

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