Dollar Exchange Rate in January 2026: Expert from the Association of Banks Named the Projected Range

Dollar Exchange Rate Forecast in Ukraine for January 2026

According to ХВИЛЯ: The dollar exchange rate in Ukraine is projected to be at 42.6–43 UAH/$ in January 2026, provided there is stability in the currency market and control from the National Bank. This was reported by Serhiy Mamedov, Vice President of the Association of Ukrainian Banks. The expert noted that the formation of the exchange rate will depend on the balance between buyers and sellers in the market.

Factors Affecting the Exchange Rate

To ensure Ukraine's budget, at least $46.5 billion in external financing is needed. Important factors affecting the exchange rate include:

• war
• international aid
• National Bank policy

In particular, Ukraine has received guarantees from international partners, including an interest-free loan of 90 billion euros for a two-year term.

Furthermore, inflation is expected to decrease to 9.7%, which could positively impact the economic situation in the country. The stability of the dollar exchange rate in January 2026 will depend on many factors, and experts continue to monitor developments in the currency market.

Forecasts for the dollar exchange rate in 2026 indicate possible stability under conditions of external financing and control from the National Bank.

The importance of international aid and loans emphasizes the dependence of the Ukrainian economy on external factors, which could affect the long-term financial stability of the country. A decrease in inflation, if it occurs, could be a positive signal for investors and consumers, helping to restore trust in the national currency.