Ukrainian Hryvnia Strengthens Against Dollar and Euro: NBU Releases Updated Exchange Rates

Official Exchange Rates for June 19, 2026

According to Главком: As of the morning of June 19, 2026, the National Bank of Ukraine (NBU) has published its official exchange rates, revealing a stronger hryvnia against the US dollar, British pound, Polish zloty, and Swiss franc. Compared to June 16, the dollar dropped by 6 kopecks, now trading at 44.91 hryvnias. In contrast, the euro rose by 4.5 kopecks, reaching 51.45 hryvnias. Other currencies also shifted: the pound fell by 3.7 kopecks, the Swiss franc declined by nearly 4.5 kopecks, and the Polish zloty lost less than a kopeck.

The NBU's official dollar rate for June 19, 2026, stands at 44.9125 hryvnias, while the euro is set at 51.4563 hryvnias. Meanwhile, the British pound is quoted at 59.3204 hryvnias, and the Swiss franc at 55.8127 hryvnias. Over the past week, the hryvnia has appreciated against the dollar, pound, zloty, and franc, whereas the euro has gained in value. The NBU has also maintained its key policy rate at 15%.

Inflation Trends and Expert Insights

Ukraine experienced a slowdown in inflation from June 2025 through January 2026. However, since February 2026, inflation has begun to climb, which experts attribute to several factors:

• rising energy costs;
• the energy sector's challenges following Russian strikes;
• higher fuel prices amid the ongoing conflict in the Middle East;
• the effects of a weaker hryvnia exchange rate;
• increasing wages.

The NBU has decided to conduct an operation to exchange non-cash currency from banks into cash. As of June 19, 2026, dollar rates vary across major banks: Oschadbank offers 44.70/45.20, PrivatBank 44.50/45.10, PUMB 44.70/45.30, monobank 44.75/45.23, Raiffeisen 44.73/45.17, OTP Bank 44.60/44.99, and Ukrsibbank 44.50/45.10.

'The dollar cannot remain weak against the euro forever, and once the final trade agreement between the US and the EU is signed, the market will return to normal.' - Vitaliy Shapran

The hryvnia's strengthening may signal some positive economic trends in Ukraine, but the euro's rise and increasing inflation point to a complex economic situation that requires careful monitoring. International trade deals and stable relations with other nations remain crucial, as these factors directly impact the currency market and Ukraine's overall economic stability.