Euro’s Resurgence: Experts Forecast Continued Price Growth in Ukraine and Globally
Amid recent fluctuations in the global financial markets, the currency landscape is experiencing notable shifts.
According to Andriy Pyshny, head of the National Bank of Ukraine, the euro has begun a rapid ascent in 2025, responding to external factors such as the tariff conflict between the United States and the European Union.
This development has led to significant changes in the USD/EUR pair, which, in turn, has impacted the hryvnia.
As a result, the rising cost of the euro is already reflecting in fuel prices, food, and other goods within Ukraine, with further price increases expected in the coming months.Pyshny emphasized that despite the euro’s appreciation, the Ukrainian hryvnia remains stable against the dollar.
The currency’s exchange rate dynamics are driven by a flexible, market-based approach, balancing supply and demand.
Specifically, he noted that the hryvnia’s rate against other currencies (except the dollar) is determined by their respective rates relative to the dollar.
The global appreciation of the euro is primarily influenced by market reactions to external geopolitical and economic factors, including the ongoing tariff disputes between the United States and the European Union.
Financial analysts predict that the euro’s value will continue to rise due to the European Central Bank’s cautious monetary policy and other market factors.
Consequently, Ukrainian consumers can expect rising prices for the euro, impacting inflation and overall economic stability in the near future.