The National Bank of Ukraine has set the official exchange rate for foreign currencies for Tuesday, September 22, 2026. Compared with the previous banking day, the quotes for both key currencies moved upward. The official US dollar rate stands at 44.70 UAH, which is 3 kopecks higher than the previous value, while the euro rate is 51.36 UAH, having risen by 17 kopecks over the day.
Quote dynamics on September 22
Thus, over a single banking day the US currency gained 3 kopecks, while the European currency gained 17 kopecks. The increase in the euro rate is noticeably more pronounced, indicating a redistribution of demand between currencies at the interbank level. For citizens and businesses, this means that buying currency at the NBU's official rate on September 22 will be more expensive than the day before, while actual quotes in banks and exchange offices are traditionally formed with a markup over the official level.
Inflation as the main market trigger
One of the main factors pressuring the currency market remains inflation, notes Taras Lesovoy, Director of the Financial Markets and Investment Activities Department of Globus Bank, in a comment for RBC-Ukraine. The annual inflation rate in August was 8.1%, while the NBU forecasts it to accelerate to around 10% by the end of the year. It is precisely the combination of accelerating prices and rising currency rates that forms the main price pressure on the economy and household savings.
Military risks for logistics and energy
According to the expert's assessment, additional price pressure may be created by new military risks to logistics and energy. The consequences of attacks on logistics infrastructure usually manifest with a delay: businesses need time to reroute, reassess the new cost of transportation, and gradually pass additional costs on to final prices. Therefore, autumn may become the period when the inflationary consequences of recent attacks become more apparent. According to NBU estimates, additional logistics costs may add about 0.4–0.6 percentage points to annual inflation by the end of the year.
What this means for savings
At the same time, as the expert emphasizes, the rise in inflationary risks does not negate the relevance of hryvnia-denominated instruments; on the contrary, it increases the importance of savings yield. In conditions where currency rates and prices are moving upward, the choice of instruments for preserving the value of money becomes key for individual investors and companies planning their cash flows for the autumn and winter of 2026.
