Ukraine's Central Bank Holds Key Rate at 15%, Sets Official Exchange Rates for March 29

Official Exchange Rates for March 29, 2026

According to Главком: The National Bank of Ukraine (NBU) has announced the official exchange rates for March 29, 2026. According to the central bank, the US dollar is set at 43.88 UAH, the euro at 50.61 UAH, and the Polish zloty at 11.84 UAH. In a related monetary policy decision, the NBU has kept its key policy rate unchanged at 15% per annum and approved a measure to facilitate the exchange of non-cash foreign currency held by banks for cash. This decision comes as the bank continues to navigate a challenging economic environment.

The published official rates reflect current financial conditions in the country. The decision to maintain the key rate at 15% signals the NBU's commitment to a stable monetary policy, particularly in light of its medium-term inflation target of 5%. This stance is expected to influence future economic indicators and currency market developments.

Commercial Bank Exchange Rates

As of 07:30 on March 28, 2026, rates at commercial banks also show some variation. The NBU's own rates were recorded at 43.8850 UAH for the dollar, 50.6104 UAH for the euro, 58.4899 UAH for the British pound, 11.8406 UAH for the Polish zloty, and 55.3265 UAH for the Swiss franc. Oschadbank offered the dollar between 43.55 and 44.15 UAH and the euro between 50.30 and 51.15 UAH, while PrivatBank set its dollar rate at 43.47 - 44.07 UAH.

Other major banks presented similar ranges: PUMB quoted the dollar at 43.60 - 44.20 UAH, monobank at 43.63 - 44.04 UAH, and Raiffeisen Bank at 43.65 - 44.03 UAH. Both OTP Bank and Ukrsibbank offered a dollar rate of 43.60 - 44.20 UAH. Euro rates at these institutions varied from approximately 50.00 to 51.10 UAH.

The current spread in currency rates illustrates the ongoing dynamics of Ukraine's financial market. The central bank's choice to hold the policy rate at 15% underscores its intent to maintain stability in the foreign exchange market amidst significant economic pressures.

Facing global economic uncertainty and domestic challenges like inflation and currency volatility, the NBU's decision to keep its key rate steady represents an effort to manage inflationary pressures and support the currency market. Such policy measures are crucial for long-term financial stability and investor confidence, which are vital for the country's economic recovery and growth.