On Thursday, June 24, the National Bank of Ukraine (NBU) once again adjusted the official exchange rate of foreign currencies downwards. The US dollar continued its gradual decline, while the euro crossed an important psychological mark, dropping below 51 hryvnias.
According to the regulator, the official exchange rate for the dollar on June 24 was set at 44.86 hryvnias. This is 2 kopecks less than the previous banking day. The American currency is demonstrating a trend of gradual depreciation.
The euro showed a more significant decline. Its official rate was 50.88 hryvnias, which is 22 kopecks lower than the day before. Thus, the European currency, after several days of falling, has finally dropped below the 51 hryvnia threshold.
Price Stability as the Regulator's Priority
The National Bank emphasizes that such adjustments and the current dynamics of the currency market are inextricably linked to the regulator's main task — ensuring price stability.
NBU experts explain that price stability implies preserving the purchasing power of the national currency. This is achieved by maintaining low and predictable inflation in the medium term, assessed at three to five years.
Effectively, this means creating economic conditions where prices for goods and services grow at moderate and predictable rates. Such a situation allows both businesses and the population to plan their expenses, investments, and savings more effectively.
It is precisely maintaining a stable level of inflation that serves as one of the key factors contributing to the stability of the currency market and the purchasing power of the hryvnia.