---
title: "Dollar and Euro Drop Again: NBU Lowers Exchange Rates, Bankers Advise on Saving Money"
description: "The NBU lowered the official exchange rate of the dollar and euro on July 16. Experts advise against panicking due to fluctuations and recommend diversifying savings between deposits, OVGZ, and foreign currency 💰📉"
date: 2026-07-15T13:58:00.000Z
lang: en
url: https://xab.info/en/posts/dollar-and-euro-drop-again-nbu-lowers-rates-banker-advice
tags: [nbu, sergey-mamedov, currency-exchange, ukraine-economy]
publisher: "XAB.info"
---

# Dollar and Euro Drop Again: NBU Lowers Exchange Rates, Bankers Advise on Saving Money

![Dollar and euro symbols with calculator, charts and coins — illustrating currency devaluation and savings preservation tips](https://xab.info/media/2026/07/15/nbu-snizil-kurs-valyut-na-16-iyulya-sovety-po-sberezheniyam/nbu-snizil-kurs-valyut-na-16-iyulya-sovety-po-sberezheniyam-1.webp)

The currency market in Ukraine has experienced another trend shift. The National Bank of Ukraine (NBU) fixed a decrease in the official exchange rates of major foreign currencies for Thursday, July 16. After several days of growth, the dollar and euro have become cheaper again, sparking interest among depositors and economists.

### New Official Exchange Rates

The official exchange rate of the US dollar on July 16 was set at 44.74 hryvnias. This is 14 kopecks lower than the day before. For comparison, on Wednesday, July 15, the rate of the American currency was 44.88 hryvnias.

The euro also demonstrated a decline. The official exchange rate of the European currency was 51.06 hryvnias, whereas the previous day it was 51.19 hryvnias. Thus, the euro rate decreased by 13 kopecks.

Experts note that after the preliminary increase in official rates, both key currencies have shifted back to a decline, indicating market volatility.

### Expert Advice: How Not to Lose Out on Exchange Rate Fluctuations

In conditions of instability, many Ukrainians are wondering what to do with their savings. Sergei Mamedov, Vice President of the Association of Ukrainian Banks and Chairman of the Board of "Globus Bank," urges citizens not to make emotional decisions due to short-term exchange rate changes.

According to the banker, there is no universal savings model. The strategy depends on the amount of funds, the investment term, and the individual's personal financial needs. The main rule he recommends is diversification. It is not advisable to keep all funds only in hryvnias or only in foreign currency.

### Tools for Capital Preservation

Sergei Mamedov highlighted several effective tools for preserving and growing funds:

- **Hryvnia deposits.** They remain an attractive tool due to high interest rates. Average rates currently range from 14% to 17.5% per annum. For example, a deposit of 100,000 hryvnias at 14% for six months can yield about 5,400 hryvnias in net income after taxes.

- **Internal State Loan Bonds (OVGZ).** Their main advantage is that income from such securities is tax-free. Therefore, with the same nominal yield, they may turn out to be more profitable than bank deposits.

- **Foreign Currency.** The expert recommends viewing cash foreign currency primarily as a financial reserve for unforeseen circumstances, rather than as the only way to save money.

A balanced distribution of funds between different financial instruments is a more rational strategy than converting all savings into dollars or euros.