Exchange Rates
Official NBU exchange rate at moment of introduction UAH 1.76/USD 1.
In the period from 21 April 2005 through 21 October 2008 the exchange rate was pegged at around UAH 5/USD 1. In 2008 when global financial crisis hit, the hryvnia was devalued to about 8/USD 1. Because of known economic problem called impossible trinity, having a fixed exchange rate and free movements of capital (i.e. cross-border lending) have undermined National Bank of Ukraine's ability to conduct independent monetary policy.
Current UAH exchange rates | |
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Exchange rates in Ukrainian cash currency exchangers USD/UAH EUR/UAH RUB/UAH
"Official exchange rate". National Bank of Ukraine. http://www.bank.gov.ua/kurs/engl/last_kurs1.htm.
"Historical exchange rates". National Bank of Ukraine. http://www.bank.gov.ua/Fin_ryn/OF_KURS/Currency/SearchPeriod.aspx.
Read more about this topic: Ukrainian Hryvnia
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