According to the official exchange rate against the dollar at the end of March 2025 (until December 31, 2024), the hryvnia has strengthened by 1.4%. This was reported by the head of the Tax Committee Danylo Getmantsev.
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In the first quarter of 2025, the average official exchange rate of the hryvnia against the dollar was 41.75 UAH/USD, including 41.48 UAH/USD in March.
According to the average monthly official exchange rate (month before the previous month), the hryvnia has strengthened over the last two months: in February (+1.1%) and March (+0.5%).
NBU interventions
Net sale of currency by the NBU to support the exchange rate in March 2025 amounted to $2.62 billion (versus $3.06 billion in February and $3.76 billion in January). This is the smallest volume of interventions over the past six months. The volume of NBU currency sales on the interbank market has been decreasing for the third month in a row.
Foreign exchange interbank (without NBU)
The volume of currency purchases and sales by banks on the interbank market (excluding the NBU) in March 2025 amounted to $3.05 billion (the average value in 2024 is $2.46 billion). This is the maximum since the beginning of the war.
Population
Against the background of the hryvnia revaluation, the demand for currency from the population has noticeably fallen. The balance of net sales of currency to the population on the cash and non-cash market has decreased to $0.72 billion (versus $0.96 billion in February, $1.48 billion in January). This is the minimum for the last 12 months.
“So, in March, the situation on the currency market continued to be determined by a moderate revaluation of the hryvnia against the US dollar as a result of several factors, including the weakening of the American currency against the main world currencies (the euro, yen, and Swiss franc to their lowest levels in the last six months) due to the development of the trade war and a decrease in confidence in the dollar as a safe haven, as well as against the backdrop of significant volumes of international aid received in March,” Getmantsev noted.
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- Hryvnia Dollar Currency