Exchange rates in Ukraine on March 4, 2026: how the war in the Middle East affected them

The National Bank of Ukraine updated the official exchange rates for Wednesday, March 4. The dollar continues to rise, while the euro is becoming cheaper. Despite the escalation of the situation in the Middle East, stability remains on the currency market in Ukraine for now. This is reported by RBK-Ukraine.

According to the NBU's decision, the dollar will increase by another 22 kopecks and will amount to 43.45 UAH. At the same time, the European currency will decrease by 15 kopecks - to 50.45 UAH.

NBU exchange rates for March 4: dollar rises, euro decreases

The National Bank has set the following official indicators:

• US dollar - 43.45 UAH

• euro - 50.45 UAH.

According to the Director of Financial Markets and Investment Activity Department of 'Globus Bank' Taras Lesovy, as of March 3, the situation on the currency market remains controlled.

On the interbank market, the dollar is traded within 43.36-43.55 UAH. Moderate growth of the exchange rate occurs without sharp fluctuations, as the National Bank implements a managed flexibility regime, balancing supply and demand.

The euro on the interbank market fluctuates within 50.50-50.54 UAH. Its rate largely depends on the global exchange rate of the dollar to the euro, which currently stands at about 1.17-1.18.

Impact of the war in the Middle East on the hryvnia and prices in Ukraine

The expert notes that the conflict in the Middle East is not yet creating direct pressure on the Ukrainian currency. For now, it is considered only a potential risk for the financial markets.

Possible consequences for the economy:

• investors may actively invest in dollars as a 'safe haven'

• the rise in global oil prices may affect fuel costs

• more expensive fuel can increase inflationary pressure.

The expert predicts that this week the currency market will remain relatively stable.

Expected indicators:

• interbank - 43.3-43.6 UAH per dollar and 50.4-50.8 UAH per euro

• cash market - 43.2-43.7 UAH per dollar and 50.3-51.0 UAH per euro.

According to experts, a rapid de-escalation in the Middle East could reduce tension in global markets. At the same time, prolonging the conflict could increase demand for dollars and affect oil and fuel prices.

It should be noted that the US dollar showed the strongest growth in recent months at the end of February.