Running to exchange offices: what will the dollar rate be until the end of January

At the end of January, a moderate increase in the dollar and euro is observed in the currency market of Ukraine. The hryvnia weakened faster than many citizens expected; however, sharp jumps in the exchange rate are not predicted in the coming days. Economist Oleksiy Plotnikov commented on the situation in the market in a conversation with Novyny.LIVE. According to him, the increase in the rate is logical considering budgetary needs and the overall devaluation trend.

Dollar exchange rate at the end of January: what to expect

Throughout January, the official dollar exchange rate rose from 42.17 to 43.41 hryvnias, which has become a new maximum. The expert believes that the National Bank of Ukraine will curb further weakening of the hryvnia in the near future.

According to the forecast, by the end of the month the dollar will fluctuate within:

• 43.10–43.50 hryvnias per dollar.

Returning to the levels of 2025, according to the economist's assessment, is not expected at this time.

Euro exchange rate forecast: influence of external factors

The euro is also showing an increase: from 49.54 to 50.72 hryvnias for the month. The dynamics are influenced by fluctuations in the euro/dollar pair and events in global markets. In particular, tensions in relations between the US and the European Union may pressure the euro; however, in the short term, the situation remains controlled.

The expected range of the euro exchange rate by the end of January:

• 50.30–50.70 hryvnias per euro.

The expert noted that imported goods from Europe may become more expensive due to the exchange rate, but there are currently no grounds for a panic currency exchange.

Earlier, we wrote about what to expect on the currency market in January 2026.