--- title: "Dollar hits a historic high: NBU sets the exchange rate at 45.60 UAH for October 28, euro declines" description: "The NBU set the dollar exchange rate for October 28 at 45.60 UAH—a new historic high—while the euro declined to 50.85 UAH. The rise of the U.S. currency is linked to uncertainty surrounding Ukraine's international financing." date: 2026-10-27T14:15:41.442Z lang: en url: https://xab.info/en/posts/dollar-nbu-historic-high-exchange-rate-october-28 tags: [usd-uah, nbu, exchange-rate, euro, ukraine-economy] author: "Darya Fomina" publisher: "XAB.info" --- # Dollar hits a historic high: NBU sets the exchange rate at 45.60 UAH for October 28, euro declines ![Stock market charts and currency rates overlaid on a U.S. one hundred dollar banknote featuring Benjamin Franklin](https://xab.info/media/2026/10/27/dollar-nbu-istoricheskii-maksimum-kurs-28-oktyabrya/dollar-nbu-istoricheskii-maksimum-kurs-28-oktyabrya-1.webp) ## Key Points - The official dollar exchange rate for October 28 is set at 45.60 UAH—a new historic high (+7 kopecks compared to October 27). - The official euro exchange rate dropped to 50.85 UAH (−10 kopecks from the previous day). - Expert Taras Kozak links the dollar's rise to uncertainty over funding from the EU and IMF and insufficient progress on anti-corruption obligations. - Interbank trading volumes have not increased significantly; the hypothesis about a regulatory 'market test' is unconfirmed. The National Bank of Ukraine has set the official foreign exchange rates for Wednesday, October 28, 2026. The U.S. currency has risen in price again, hitting a new historic high for its official exchange rate, while the European currency, conversely, has returned to a decline. The divergent dynamics of the two major currencies against the backdrop of stable trading volumes in the interbank market have prompted an expert analysis of the reasons behind the rate movement. ### What the regulator has set According to the National Bank, the official dollar exchange rate for October 28 is 45.60 UAH. This is 7 kopecks higher than the figure of the previous business day—Tuesday, October 27, when the American currency cost 45.53 UAH. This new level has become a historic maximum for the official dollar rate. The official euro rate, by contrast, has decreased: for October 28, it stands at 50.85 UAH, which is 10 kopecks less than the previous business day, when the European currency was valued at 50.95 UAH. ### Why the dollar continues to rise One of the possible reasons for the rise in the dollar exchange rate is uncertainty surrounding international financing, Taras Kozak, founder and president of the UNIVER investment group, said in a comment to RBC-Ukraine. According to him, Ukraine needs financial support from international partners—specifically the European Union and the International Monetary Fund—both for the remainder of the current year and for the next. At the same time, receiving these funds requires meeting a number of partner requirements, and the authorities' readiness to move in this direction, in the expert's assessment, is not yet sufficient. Some obligations have already been fulfilled, particularly regarding the taxation of parcels and other technical issues. However, in the area of anti-corruption, where Ukraine has also made commitments, progress is lacking: relevant draft laws, according to Kozak, are not being introduced or submitted for a vote in the Verkhovna Rada. The expert believes this may be one of the few significant changes in recent months affecting the expectations of foreign exchange market participants. ### Trading volumes and the potential role of the regulator Kozak notes that trading volumes in the interbank foreign exchange market have not increased significantly and remain at roughly the same level, while the dollar exchange rate has climbed to 45 hryvnias and above with the same trading volumes as before. The expert sees no significant changes in the situation at the front or in the level of support for Ukraine from the U.S. and Europe, and therefore, in his view, these factors do not explain the current exchange rate movement. Kozak suggests that the National Bank may be testing how the currency market will react to higher exchange rate levels, but emphasizes that this is only one possible interpretation of the situation rather than a confirmed explanation of the regulator's actions. ### Context: 2026 budget and global factors The rise in the official exchange rate is occurring against a broader context. Ukraine's state budget for 2026 sets the average projected dollar exchange rate at 45.7 UAH, meaning the current official rate has already approached the figure embedded in the budget. On global markets, the American currency is strengthening: according to business publications, the euro recently dropped to a 17-month low against the dollar amid concerns over the state of France's public finances and the potential economic consequences of high oil prices. The combination of these factors creates pressure on the hryvnia exchange rate, which the regulator and market participants take into account when forming the official rate. ## Fact-Check & Sources - [Доллар обновил максимум: актуальный курс НБУ на 28 октября и почему валюта растет](https://www.rbc.ua/ukr/news/dolar-onoviv-maksimum-aktualniy-kurs-nbu-1793108953.html) - Primary source: dollar rate 45.60 UAH (+7 kop.), euro 50.85 UAH (−10 kop.) on 28.10.2026; T. Kozak's commentary on financing, trading volumes, and the NBU market test hypothesis. - [Доллар установил новый исторический рекорд: актуальный курс валют НБУ на 14 октября](https://www.rbc.ua/ukr/news/dolar-vstanoviv-noviy-istorichniy-rekord-1791896325.html) - Первоисточник: курс доллара 45,60 грн (+7 коп.), евро 50,85 грн (−10 коп.) на 28.10.2026; комментарий Т. Козака о финансировании, объёмах торгов и версии о проверке рынка НБУ. - [45 грн за доллар: НБУ установил исторический максимум официального курса](https://delo.ua/ru/news/45-grn-za-dollar-nbu-ustanovil-istoriceskii-maksimum-oficialnogo-kursa-473765/) - Context: average projected rate in the 2026 budget is 45.7 UAH/$; strengthening dollar on global markets, euro at a 17-month low due to French finances and oil prices. - [Доллар и евро готовят новое движение: курс валют на 25 августа](https://focus.ua/economics/765564-kurs-valyut-v-ukraine-dollar-i-evro-izmenilis-kakim-budet-kurs-25-avgusta) - Подтверждено по источнику focus.ua ## FAQ ### What official dollar exchange rate did the NBU set for October 28? 45.60 UAH, which is 7 kopecks higher than the rate on October 27 (45.53 UAH) and represents a new historic maximum for the official rate. ### How did the euro exchange rate change? The euro dropped to 50.85 UAH on October 28—10 kopecks less than on October 27 (50.95 UAH). ### Why, according to the expert, is the dollar rising? Taras Kozak attributes the growth to uncertainty surrounding funding from the EU and IMF and insufficient progress on anti-corruption obligations, including the failure to submit relevant bills to the Verkhovna Rada. ### Have interbank trading volumes increased? No, according to Kozak's assessment, trading volumes have not significantly increased and remain roughly at the same level despite the rising exchange rate.