--- title: "NBU on September 21, 2026: dollar rises to 44.67 UAH, euro falls — will deposit yields increase" description: "The NBU on September 21, 2026 raised the official dollar rate to 44.67 UAH and lowered the euro to 51.19 UAH. Experts doubt that the policy rate hike will immediately increase the yield of hryvnia deposits." date: 2026-09-18T13:26:01.000Z lang: en url: https://xab.info/en/posts/nbu-currency-rates-september-21-2026-dollar-euro-deposits tags: [nbu, exchange-rate, hryvnia, dollar, euro, deposits, ukraine-economy] publisher: "XAB.info" --- # NBU on September 21, 2026: dollar rises to 44.67 UAH, euro falls — will deposit yields increase ![NBU dollar exchange rate on September 21, 2026: stacks of dollar bills and a currency rate chart against the backdrop of deposit yield questions](https://xab.info/media/2026/09/19/nbu-kurs-valyut-21-sentyabrya-2026-dollar-euro-depozity/nbu-kurs-valyut-21-sentyabrya-2026-dollar-euro-depozity-1.webp) ## 🎯 Key Points - The official dollar rate for September 21, 2026 — 44.67 UAH (+1 kopiyka vs. September 18), euro — 51.19 UAH (−4 kopiykas). - The NBU's policy rate hike (from 15% to 15.5% and beyond) did not lead to a noticeable rise in the yield of hryvnia deposits. - The population keeps money in liquid form: term deposits account for only about a third of citizens' funds. - In retail exchange offices, the dollar rate may reach around 45.10 UAH, which is higher than the official NBU rate. The National Bank of Ukraine has updated the official currency exchange rates for Monday, September 21, 2026. According to the regulator, the value of the US dollar rose slightly, while the European currency, conversely, fell. Thus, against the backdrop of ongoing hryvnia volatility and monetary policy decisions, the market is receiving a mixed signal: the dollar is rising in a targeted manner, while the euro is correcting downward. ### Official NBU rates for September 21 According to the updated data, the official dollar rate for September 21 is set at 44.67 UAH. For comparison: on Friday, September 18, the US currency was worth 44.66 UAH, meaning the increase was just one kopiyka. The official euro rate on Monday, conversely, declined: it stands at 51.19 UAH compared to 51.23 UAH on September 18, which means a drop of 4 kopiykas. The small amplitude of changes indicates relative stabilization of the official rate near the 44.6–44.7 UAH mark per dollar. ### Policy rate and the yield of hryvnia deposits An increase in the policy rate by the National Bank does not always and not immediately lead to a noticeable rise in the yield of hryvnia deposits. Financial analyst Andriy Shevchishyn, in a comment to RBC-Ukraine, noted that after the preliminary rate hike from 15% to 15.5%, there was no significant increase in deposit yields. "It may happen, but we see that after the rate hike from 15% to 15.5%, such a noticeable increase did not occur. Accordingly, it is hard to say whether an increase in deposit yields will follow the current hike as well," the expert explained. According to him, there is a significant volume of funds in the banking system, however, the population is not very active in placing money specifically in term deposits due to risks: as of today, term deposits account for only about a third of the total volume of citizens' funds. ### Why the population is not rushing into long-term deposits Shevchishyn explains the citizens' caution as a desire to maintain access to their own money in case of unforeseen circumstances. "The population wants to see real, accessible money to use it in the event of an unexpected impact or situation. At any moment something may fly in, something will need to be bought, or one will need to prepare for winter. There is no time for storing and accumulating here," the analyst emphasized. This behavior is characteristic of conditions of heightened uncertainty and explains why even an increase in the policy rate does not automatically translate into an inflow of funds into long-term deposits. ### Contradictory data There remains a noticeable gap between the official NBU rate and the quotes in the retail segment, which is important to take into account when interpreting the figures. The official dollar rate for September 21 is 44.67 UAH, however, according to a number of publications, in exchange offices and banks the US currency over these weekends may reach a level of around 45.10 UAH. Thus, one version (the regulator's official rate) records 44.67 UAH, while the other (retail/exchange quotes) indicates a higher level of around 45.10 UAH. This is not an error, but a structural difference between the official and market rates, however, for readers it looks like a discrepancy in the figures and requires a separate explanation. ### Conclusion and what to watch next In conclusion, it can be stated: the NBU on September 21, 2026 fixed the dollar at 44.67 UAH (+1 kopiyka) and the euro at 51.19 UAH (−4 kopiykas), while the question of the growth in the yield of hryvnia deposits after the policy rate hike remains open. Experts do not expect an automatic and noticeable increase in deposit rates, since the population prefers liquidity and access to money. In the coming days, the key indicator will be the dynamics of retail rates in banks and exchange offices, as well as the banking sector's reaction to the new parameters of monetary policy. ## 🔍 Fact-Check Verification - [Euro falls: NBU rate for September 21 and will hryvnia deposit rates rise](https://www.rbc.ua/ukr/news/evro-deshevshae-kurs-nbu-21-veresnya-ta-chi-1789737674.html) - Основной источник: курс доллара 44,67 грн, евро 51,19 грн на 21 сентября; сравнение с 18 сентября (44,66 / 51,23); цитата аналитика Шевчишина о ставке 15%→15,5% и доле срочных вкладов. - [Dollar may reach 45.10 hryvnia: what the rate will be in exchange offices over these weekends](https://unn.ua/ru/news/dollar-mozhet-dostich-4510-grivni-kakim-budet-kurs-v-obmennikakh-v-eti-vikhodnie) - Использован для блока противоречивых данных: розничный/обменный курс доллара до ~45,10 грн, что выше официального курса НБУ. - [Dollar 'froze', euro 'took off': NBU currency rates for September 14](https://unn.ua/ru/news/dollar-zastil-yevro-pustilsya-v-plyas-kurs-valyut-ot-nbu-na-14-sentyabrya) - Использован для блока противоречивых данных: розничный/обменный курс доллара до ~45,10 грн, что выше официального курса НБУ. - [The National Bank set currency rates for September 18: how much the dollar and euro will cost](https://ru.slovoidilo.ua/2026/09/17/novost/finansy/naczbank-ustanovil-kurs-valyut-18-sentyabrya-skolko-budut-stoit-dollar-i-evro) - Контекст предыдущего курса на 18 сентября, согласуется с базовым текстом (44,66 / 51,23). ## ❓ FAQ ### Q: What official dollar rate did the NBU set for September 21, 2026? **A:** The official dollar rate for September 21, 2026 is 44.67 UAH, which is 1 kopiyka higher than the September 18 figure (44.66 UAH). ### Q: How much is the euro worth at the NBU rate on September 21? **A:** The official euro rate for September 21 is 51.19 UAH, that is, 4 kopiykas lower than on September 18 (51.23 UAH). ### Q: Will the NBU's policy rate hike lead to higher deposit yields? **A:** According to analyst Andriy Shevchishyn, after the previous rate hike from 15% to 15.5% there was no noticeable rise in yields, so the increase is not guaranteed after the current hike either. ### Q: Why does the population not place money in term deposits? **A:** Citizens want to keep access to their money in case of unforeseen circumstances, so term deposits account for only about a third of the total volume of the population's funds. ### Q: Does the official NBU rate match the rate in exchange offices? **A:** No. The official dollar rate is 44.67 UAH, while in exchange offices over these weekends it may reach around 45.10 UAH.