Ukraine’s Central Bank Holds Key Rate at 15% as Dollar Pegged at 44.30 UAH for June 2

Official Exchange Rates Announced for June 2, 2026

According to Главком: Ukraine’s National Bank (NBU) has set the official exchange rates for June 2, 2026, with the U.S. dollar fixed at 44.30 hryvnias, the euro at 51.59 hryvnias, and the Polish zloty at 12.19 hryvnias. In a separate decision, the NBU’s board opted to keep its benchmark interest rate unchanged at 15%. This move comes as inflation begins to tick upward, driven by rising energy costs, ongoing strain in the power sector, higher fuel prices, and increasing wages.

According to the NBU, the official rates are as follows:

• U.S. dollar: 44.3023 UAH,
• Euro: 51.5989 UAH,
• British pound: 59.6530 UAH,
• Swiss franc: 56.5080 UAH,
• Polish zloty: 12.1907 UAH.

Notably, inflation was observed between June 2025 and January 2026, but has started to accelerate again after January 2026.

Bank Exchange Rates in Practice

Additionally, the NBU has authorized a swap operation converting non-cash foreign currency from banks into cash. Buying and selling rates for the dollar vary across institutions:

• Oschadbank: 44.10 / 44.50 UAH,
• PrivatBank: 43.88 / 44.48 UAH,
• PUMB: 44.00 / 44.60 UAH,
• monobank: 44.04 / 44.43 UAH.

Euro rates at Oschadbank stand at:

• 51.40 / 51.90 UAH,
• PrivatBank: 51.00 / 52.00 UAH,
• PUMB: 51.30 / 52.00 UAH,
• monobank: 51.30 / 51.99 UAH.

For other currencies, the British pound is quoted at:

• PrivatBank: 59.16 / 60.24 UAH,
• PUMB: 58.60 / 60.00 UAH,
• Raiffeisen: 57.30 / 60.50 UAH.

The Polish zloty is available at:

• PrivatBank: 12.08 / 12.28 UAH,
• PUMB: 11.95 / 12.25 UAH,
• Raiffeisen: 11.50 / 12.50 UAH.

Analyst Vitaliy Shapran commented: 'The dollar cannot stay weak against the euro forever. Once the final trade deal between the U.S. and the EU is signed, the market will return to normal.'

Overall, the currency market remains under pressure but is showing signs of volatility. The rising exchange rates and inflation highlight ongoing challenges in Ukraine’s economy, particularly in the energy sector. Keeping the discount rate at 15% suggests the NBU is trying to curb inflation and stabilize the currency amid economic uncertainty. Future actions by the regulator, along with global developments such as the conclusion of U.S.-EU trade agreements, could significantly influence Ukraine’s foreign exchange landscape.