Hryvnia Hits 44 per Dollar: Ukraine's Central Bank Releases May 2 Exchange Rates

Official Currency Rates Announced for May 2, 2026

According to Главком: Ukraine's National Bank (NBU) has published its official exchange rates for May 2, 2026, while keeping the key policy rate unchanged at 15%. After a period of deceleration, inflation has been on the rise since January 2026, driven by higher energy costs, ongoing strain in the power sector, a sharp increase in fuel prices amid the Middle East conflict, as well as wage growth and the effects of a weaker hryvnia. This context is important for international observers tracking emerging market currencies and the economic impact of regional instability.

Currency Exchange Rates

As of May 2, 2026, the NBU's official rate for the U.S. dollar stands at 43.96 hryvnias, the euro at 51.45 hryvnias, and the Polish zloty at 12.07 hryvnias. The official NBU rates are as follows:

• USD – 43.9630
• EUR – 51.4587
• GBP – 59.4204
• PLN – 12.0784
• CHF – 56.0038

Commercial banks also offer varying rates on this date. At Oschadbank, the dollar rate is 43.60 / 44.20 hryvnias, the euro is 51.45 / 51.95 hryvnias, and the Polish zloty is 11.45 / 12.25 hryvnias. PrivatBank quotes the dollar at 43.55 / 44.15 hryvnias and the euro at 50.85 / 51.85 hryvnias. PUMB has set the dollar at 43.70 / 44.30 hryvnias and the euro at 51.20 / 51.90 hryvnias.

Monobank's rates are 43.80 / 44.23 hryvnias for the dollar and 51.35 / 51.80 hryvnias for the euro. Raiffeisen offers the dollar at 43.73 / 44.10 hryvnias and the euro at 51.20 / 51.92 hryvnias. OTP Bank lists the dollar at 43.75 / 44.15 hryvnias and the euro at 51.10 / 51.80 hryvnias. Ukrsibbank has set the dollar at 43.65 / 44.25 hryvnias and the euro at 51.10 / 51.95 hryvnias.

The bank rates were recorded at 07:55 on May 2, 2026. The NBU has also decided to conduct operations to exchange non-cash currency from banks into cash.

'The dollar cannot remain weak against the euro indefinitely; once a final trade agreement between the U.S. and the EU is signed, the market will return to normal.' Vitaliy Shapran, former chief monetary policy expert at the Secretariat of the National Bank Council

Ukraine's current economic landscape demands close monitoring, as rising inflation and exchange rate fluctuations could shape the broader financial climate. Notably, the NBU's decision to maintain the key rate reflects efforts to stabilize the financial system amid external pressures. Restoring stability in the currency market-particularly between the dollar and the euro-could be a crucial step toward improving the country's economic outlook.