The exchange rates for the Ukrainian hryvnia against the US dollar and Euro fluctuated recently, reflecting various economic factors affecting the local market. On March 12, 2025, the average purchase price of the dollar was reported at 41.20 hryvnias, which is up by 10 kopecks compared to the previous day, with the selling price at 41.80 hryvnias, gaining 15 kopecks. The Euro was purchased at 44.80 hryvnias and sold at 45.47 hryvnias, demonstrating notable changes as well.
Further insights reveal the dynamics behind these rates. According to the information available, on the black market, the buying rate for the dollar averaged 41.58 hryvnias, indicating an increase of 9 kopecks, and the selling rate reached 41.63 hryvnias, up by 18 kopecks. Euro purchases on the black market were at 45.01 hryvnias, with selling prices at 45.23 hryvnias, marking significant shifts.
Meanwhile, exchange offices displayed varied rates; the dollar's average buying price was around 41.06 hryvnias, increasing marginally by 1 kopeck, with the selling price at 41.61 hryvnias. The Euro’s buying price remained slightly lower at 44.73 hryvnias, with selling rates at 45.50 hryvnias, reflecting minor decreases.
According to financial analyst Andriy Shevchyshyn, the market is influenced by several factors including gas purchases necessary for storage facilities, electricity imports, and preparations for the planting season. He predicts the dollar exchange rate could reach between 42 and 43 hryvnias this March. "Among the factors affecting the market are gas purchases, electricity imports, and preparations for the sowing season," Shevchyshyn noted.
By March 13, the situation continued to evolve. The National Bank of Ukraine set the official dollar exchange rate at 41.51 hryvnias per dollar, which indicates the hryvnia weakened by 10 kopecks. Conversely, the Euro's exchange rate improved slightly, increasing to 45.16 hryvnias, showing the hryvnia strengthening against this currency by 5 kopecks from the previous rate.
On the interbank market, the dollar closed during trading sessions at 41.54 to 41.57 hryvnias per dollar. Interestingly, on March 12, the average dollar rate across Ukrainian exchange offices rose to 41.60 hryvnias per dollar, indicating variability across markets.
Data shows last week, the Ukrainian National Bank (NBU) sold $514 million on the interbank foreign exchange market, significantly less—by about one-third—compared to the previous week’s sales.
Internationally, the dollar has also seen declines due to broader economic pressures, attributed to the trade war initiated by President Donald Trump, which continues to influence currency valuations globally.
Looking forward, the budget projections for 2025 maintain the exchange rate at 45 hryvnias. This stability is considered fundamental for governmental financial planning. If future estimated rates fall below this threshold, it may cause Ukraine to miss expected revenue from external operations, impacting economic stability.
The uncertainties surrounding the currency exchange rates indicate potential challenges for consumers and businesses alike, with rising or falling rates affecting import costs and purchasing power. Market analysts and financial experts will continue to monitor these fluctuations, providing updates as the situation evolves.
Overall, the current instability seen in the currency markets showcases the interconnectedness of global financial dynamics and local economic conditions, emphasizing the importance of vigilance for stakeholders at all levels.