Official Currency Rates for May 5, 2026
On May 5, 2026, the National Bank of Ukraine (NBU) published its official exchange rates, showing increases for the US dollar, euro, and Polish zloty compared to the previous day. The official rate for the dollar stands at 44.00 UAH, the euro at 51.45 UAH, and the Polish zloty at 12.08 UAH. Additionally, the NBU set its discount rate at 15%.
Exchange Rates at Commercial Banks
As of May 5, 2026, the NBU’s official rates for other currencies were as follows:
- British pound: 59.5804 UAH
- Swiss franc: 56.1010 UAH
Meanwhile, commercial banks offered their own rates, which varied. For instance, at Oschadbank, the dollar traded at 43.90/44.05 UAH, the euro at 51.35/51.69 UAH, and the zloty at 12.20/12.10 UAH. At PrivatBank, the dollar rate was 43.65/44.25 UAH, and the euro was 50.95/51.95 UAH. Other banks, including PUMB, monobank, Raiffeisen, OTP Bank, and Ukrsibbank, posted rates within similar ranges.
These rates were recorded at 07:15 on May 5, 2026. It’s worth noting that inflation in Ukraine steadily slowed from June 2025 through January 2026 but began to rise again after that period. Key drivers of price pressure include a difficult energy situation following Russian strikes, higher fuel costs amid the conflict in the Middle East, the impact of a weaker hryvnia, and rising wages.
The NBU has decided to conduct operations swapping non-cash currency for cash, a move that could also affect the foreign exchange market.
Vitaliy Shapran, a former chief expert on monetary policy at the NBU, noted that 'the dollar cannot remain weak against the euro forever, and once a final trade agreement between the US and the EU is signed, the market will return to a normal course.'
The rise in major currency rates highlights the challenging economic conditions in Ukraine, particularly amid growing inflation and instability in the energy sector. The NBU’s currency swap operations may be a response to these pressures, aimed at stabilizing the hryvnia and improving the forex market. Furthermore, the expert’s comments point to the potential for positive shifts in currency relations, depending on future international agreements, which could bolster the country’s economic stability.