Euro Exchange Rate Approaches 50 Hryvnias Amid Market Shifts in Ukraine
The Ukrainian foreign exchange market is witnessing a notable increase in the euro exchange rate, which has temporarily approached the 50 hryvnia mark per unit. While the official central bank rate set for Wednesday stands at 49.40 hryvnias per euro, commercial banks are selling the currency at higher rates, signaling a changing trend in the currency market. For instance, Raiffeisen Bank as of July 2 offers euro sales at a rate exceeding 50 hryvnias—specifically, 50.164 hryvnias per euro for card payments. This shift occurs in the context of the National Bank of Ukraine’s upcoming official rates for July 2, 2025, which are set at 49.40 hryvnias for one euro and 41.81 hryvnias for the US dollar. Looking at other banking institutions, the largest state banks, PrivatBank and Oschadbank, are currently selling euros at rates of 49.75 and 49.80 hryvnias respectively. PUMB bank offers euros at 49.60 hryvnias, while OTP Bank’s rate is slightly higher—49.85 hryvnias. The popular mobile service Monobank has set its buying rate at 49.05 hryvnias and the selling rate at 49.739 hryvnias. It is also worth noting that since January 2025, the National Bank of Ukraine has increased the official euro rate by 12%, reflecting a trend toward currency appreciation and its potential impact on the national economy.