In March 2024, Cash Dollar Rate Increases in Ukraine
In March 2024, the average selling rate of cash dollar in Ukraine increased by 1.6% and amounted to 38.94 hryvnia, according to RBC-Ukraine citing data from the National Bank of Ukraine (NBU).
The NBU states that in March of this year, the cash dollar rate exceeded the figure for the same month of the previous year, which was 38.55 hryvnia per dollar.
Compared to December 2023, the rate increased by 1.11 hryvnia. In March, the dollar rate on the interbank market rose by approximately 80 kopecks, from 38.20 to 39.00 hryvnia. The official NBU rate increased by 2.7%, from 38.20 hryvnia per dollar on February 29 to 39.22 hryvnia per dollar on March 29.
In the second half of March, there was an active increase in government spending in Ukraine, which influenced the demand for currency. However, the situation on the foreign exchange market remains under control, and exchange rate fluctuations do not threaten stability. The NBU will continue to cover the structural currency deficit in the market to ensure the stability of the hryvnia.
