What is happening with the hryvnia: how much is now being asked for 100 dollars in exchange offices.

State of the currency exchange rate: stability and influencing factors

As of May 21, 2025, the Ukrainian hryvnia continues to demonstrate stability despite the increase in the trade deficit and the beginning of gas purchases by Naftogaz. According to the National Bank of Ukraine and leading financial platforms, the dollar exchange rate on the interbank market is 41.42-41.45 UAH.

In accordance with the exchange rate, the average figures in exchange offices are 41.38 UAH for buying and 41.45 UAH for selling. In banking institutions, the dollar rate varies within 41.20-41.80 UAH. The euro is traded in the range of 46.95-47.15 UAH in the cash segment and 46.52-47.27 UAH in banks.

Financial analyst Andriy Shevchyn notes: 'The market activity has slightly decreased, dropping by about 5% for both buying and selling currency. The average daily demand for currency exceeds the supply by $72 million.'

In the first four months of 2025, exports decreased by 0.7% to $13.3 billion, while imports increased by 13.2% to $24.8 billion. This led to an increase in the negative foreign trade balance in goods to $11.5 billion.

According to the latest data from the State Customs Service, exports of ore decreased by almost 41% to $893 million due to falling world prices and demand, which is creating some pressure on the hryvnia. The NBU's interventions in the currency market increased by 21% and amounted to $755.1 million.

Prospects for the currency market

According to the analyst, in the coming weeks, the currency market may be influenced by the beginning of gas purchases by Naftogaz, the tax period, as well as the possible cancellation of the customs visa-free regime with the EU. Stability of the hryvnia is expected to be maintained, but fluctuations are possible in case the US withdraws from negotiations and military tensions escalate.

The National Bank has sufficient reserves to stabilize the hryvnia exchange rate if necessary.