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Ukrainian Hryvnia Weakens: Dollar, Euro, and Zloty Rates Rise on May 25

Курс гривні знижується: На 25 травня спостерігається підвищення вартості долара, євро та злотого.

Foreign Exchange Rates for May 25, 2026

The National Bank of Ukraine (NBU) released its official exchange rates for May 25, 2026, showing an increase in the value of the US dollar, the euro, and the Polish zloty compared to the previous day. This data is crucial for businesses and individuals engaged in international transactions or currency exchange. The official rate for the dollar stands at 44.26 UAH, the euro at 51.33 UAH, and the Polish zloty at 12.09 UAH. According to the NBU, the official exchange rates are as follows:

  • USD - 44.2619
  • EUR - 51.3305
  • GBP - 59.4039
  • PLN - 12.0994
  • CHF - 56.2914

Market Trends and Banking Rates

Commercial banks are mirroring this upward trend in their own exchange rates. At Oschadbank, the dollar ranges between 44.00 and 44.40 UAH, while the euro fluctuates between 51.15 and 51.70 UAH. PrivatBank offers the dollar at 44.00-44.44 UAH and the euro at 51.07-51.81 UAH. PUMB quotes the dollar at 44.00-44.60 UAH and the euro at 51.30-52.00 UAH. Other financial institutions, including monobank, Raiffeisen, OTP Bank, and Ukrsibbank, have set their rates within similar parameters.

As of 07:45 on May 25, 2026, the NBU Board decided to maintain the key policy rate at 15%. This decision follows a steady slowdown in inflation observed from June 2025 to January 2026. Additionally, the NBU authorized an operation to exchange non-cash currency held by banks into cash, a move that could further influence the foreign exchange market.

Analyst Vitaliy Shapran commented on the situation, stating that 'the dollar cannot remain weak against the euro forever, and once the final trade agreement between the US and the EU is signed, the market will return to normal.'

The rising exchange rates for currencies like the dollar and euro may signal shifts in the economic landscape driven by external factors. Keeping the key rate at 15% appears to be the NBU's strategy to curb inflation and stabilize the currency market. The anticipated US-EU trade deal, which experts view as a pivotal development, could have far-reaching effects on Ukraine's economy, potentially impacting the hryvnia's value and the country's overall financial health.

Shapran also emphasized that 'the level of gold price stabilization will depend on China's stance and the relationship between Washington and Beijing.'