Ukraine Exchange Rate
Official exchange rate (LCU per US$, period average) PA.NUS.FCRF
Ukraine's exchange rate was 43.37 in 2025, ranked 79th globally. This represents a 8.0% increase from 2024. Data from World Bank, covering 1993–2025.
Overview
Ukraine's exchange rate stood at 43.37 in 2025, a rise of +3.21 from 2024. Based on recent trends, this figure is projected to reach 43.37 by 2025. Ukraine ranked 79th globally.
Ukraine’s exchange rate has risen dramatically over the 33‑year series, moving from a trough of 0.05 in 1993 to an all‑time peak of 43.37 in 2025, placing the country 79th globally. The steep appreciation reflects prolonged macro‑economic pressures, including fiscal deficits, external debt servicing and geopolitical instability that have eroded confidence in the national currency. Compared with peers of similar rank, Egypt’s Arab Republic recorded a higher 2025 rate of 47.52, while Uruguay’s 38.66 suggests a slightly stronger currency relative to Ukraine. The rapid depreciation of the hryvnia has heightened inflationary pressures and constrained import capacity, prompting the National Bank of Ukraine to tighten monetary policy intermittently. Structural reforms aimed at diversifying exports and attracting foreign direct investment could stabilise the exchange rate, while any escalation in regional conflict or external shocks would likely reinforce the downward trajectory.
Data & projection
| Year | Exchange Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 50.50 | - | - |
| 2026* trend | 46.93 | - | - |
| 2025* trend | 43.37 | - | - |
| 2025 | 43.37 | +3.21 | #79 |
| 2024 | 40.15 | +3.58 | #126 |
| 2023 | 36.57 | +4.23 | #127 |
| 2022 | 32.34 | +5.06 | #125 |
| 2021 | 27.29 | +0.33 | #125 |
| 2020 | 26.96 | +1.11 | #124 |
| 2019 | 25.85 | −1.35 | #124 |
| 2018 | 27.20 | +0.60 | #125 |
| 2017 | 26.60 | +1.05 | #126 |
| 2016 | 25.55 | +3.71 | #126 |
| 2015 | 21.84 | +9.96 | #124 |
| 2014 | 11.89 | +3.89 | #119 |
| 2013 | 7.99 | +0.00 | #113 |
| 2012 | 7.99 | +0.02 | #114 |
| 2011 | 7.97 | +0.03 | #118 |
Detected Pattern
Analysis
Ukraine matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw exchange rate improve within 24 months. View full analysis →
Frequently Asked Questions
Ukraine's exchange rate was 43.37 in 2025. Ranked 79th globally. This represents a 8.0% increase from the previous year.
Ukraine's exchange rate peaked at 43.37 in 2025.
The lowest exchange rate in Ukraine was 0.05 in 1993.
Ukraine ranks 79th globally in exchange rate as of 2025.
The World Bank indicator code is PA.NUS.FCRF. Data sourced from World Bank.
Ukraine's exchange rate is projected to reach 43.37 by 2025 based on trend extrapolation.
The exchange rate of Ukraine in 2025 was 43.37. This ranks 79th in the world.
Cite this page
@misc{historysaid_ukraine_exchange-rate,
title = {Ukraine Exchange Rate},
url = {https://historysaid.com/ukraine/exchange-rate/},
publisher = {HistorySaid},
year = {2026}
}