Official Exchange Rates Set for May 11, 2026
On May 11, 2026, the National Bank of Ukraine (NBU) released its official exchange rates, showing a notable increase in the value of both the US dollar and the euro compared to the previous day. The official rate for the dollar stands at 43.85 hryvnias, while the euro is valued at 51.59 hryvnias. Additionally, the Polish zloty was fixed at 12.19 hryvnias. According to the NBU’s data, specific rates for that date include the dollar at 43.8550 hryvnias, the euro at 51.5998 hryvnias, the British pound at 59.6954 hryvnias, the zloty at 12.1945 hryvnias, and the Swiss franc at 56.3617 hryvnias.
Bank-Specific Exchange Rates
Various Ukrainian banks also announced their own exchange rates for this date:
- Oschadbank: dollar 43.60/44.10 hryvnias, euro 51.30/51.95 hryvnias
- Privatbank: dollar 43.50/44.10 hryvnias, euro 51.05/52.05 hryvnias
- PUMB: dollar 43.70/44.30 hryvnias, euro 51.50/52.20 hryvnias
- Monobank: dollar 43.70/44.04 hryvnias, euro 51.42/52.07 hryvnias
- Raiffeisen: dollar 43.74/44.12 hryvnias, euro 51.45/51.99 hryvnias
- OTP Bank: dollar 43.40/43.90 hryvnias, euro 51.00/51.90 hryvnias
- Ukrsibbank: dollar 43.55/44.15 hryvnias, euro 51.20/52.10 hryvnias
The NBU’s board also decided to keep the key policy rate unchanged at 15%. This decision comes amid shifting inflation trends: after slowing from June 2025 through January 2026, inflation has begun to rise again since January 2026. Key drivers of this uptick include higher energy costs, a strained energy sector following Russian strikes, a sharp increase in fuel prices, as well as the effects of a weaker hryvnia and rising wages.
Vitaliy Shapran, former chief monetary policy expert at the National Bank Council Secretariat, commented: 'The dollar cannot remain perpetually weak against the euro, and once a final trade agreement between the US and the EU is signed, the market will return to a normal course.'
Additionally, the NBU has decided to conduct an operation exchanging banks' non-cash foreign currency for cash. This move underscores that Ukraine’s foreign exchange market remains under the central bank’s oversight as it takes steps to stabilize the country’s economic situation. The rise in dollar and euro rates likely reflects ongoing pressure on the hryvnia, driven by external economic factors and domestic challenges such as inflation and the energy crisis. This situation demands close attention from both regulators and market participants, as stability in the currency market is a critical element for Ukraine’s economic development.