Ukraine's Central Bank Holds Key Rate at 15%, Announces April 4, 2026 Official Exchange Rates

Official Exchange Rates Set by Ukraine's Central Bank for April 4, 2026

According to Главком: The National Bank of Ukraine (NBU) has announced its official exchange rates for April 4, 2026. The central bank's board has decided to maintain its key policy rate at 15% per annum, a move signaling a commitment to monetary policy stability. In a separate decision, the NBU also approved a procedure for banks to exchange non-cash foreign currency for cash. This policy environment is crucial for Ukraine's ongoing economic recovery and stability.

As of April 4, 2026, the NBU's official exchange rates are as follows:

• US Dollar - 43.81 UAH
• Euro - 50.45 UAH
• Polish Zloty - 11.77 UAH

Meanwhile, commercial banks in Ukraine are offering their own exchange rates. For example:

• Oschadbank: USD - 43.45/43.95 UAH, EUR - 50.20/50.90 UAH
• PrivatBank: USD - 43.3/43.9 UAH, EUR - 49.8/50.8 UAH
• PUMB: USD - 43.30/43.90 UAH, EUR - 50.10/50.80 UAH
• monobank: USD - 43.43/43.95 UAH, EUR - 50.10/50.90 UAH
• Raiffeisen Bank: USD - 43.30/43.82 UAH, EUR - 49.90/50.83 UAH
• OTP Bank: USD - 43.50/44.05 UAH, EUR - 50.00/50.85 UAH
• UkrSibbank: USD - 43.45/43.99 UAH, EUR - 50.10/50.95 UAH

NBU's Monetary Policy and Inflation Target

The NBU's inflation target remains set at 5% over the policy horizon, demonstrating the central bank's aim to foster economic stability.

Maintaining the 15% key rate reflects the NBU's conservative stance under current economic conditions, likely a response to persistent inflationary risks and shifts in the global economic landscape. The decision to facilitate cash-for-non-cash currency exchanges may indicate a need to ensure adequate liquidity within the banking system and maintain public access to foreign currency. These measures underscore the pivotal role of the NBU's monetary policy in navigating a changing environment to secure Ukraine's economic stability.

As the National Bank of Ukraine maintains its key interest rate, the dynamics of the Ukrainian Hryvnia continue to evolve. Recent data shows that the currency has strengthened against the US Dollar, reflecting ongoing adjustments in the foreign exchange market. For a deeper understanding of these shifts and their implications for the economy, read more about the recent strengthening of the Hryvnia.