NBU Cuts the Dollar and Euro Rates by 10 Kopecks: What to Expect from the Cash Market on September 8

The National Bank of Ukraine set the official exchange rates for Tuesday, September 8, lowering both major foreign currencies against the hryvnia. The US dollar fell to 44.46 UAH, while the euro dropped to 51.68 UAH, meaning each of them lost exactly 10 kopecks compared with the previous day's figure. Thus, the regulator has registered a moderate strengthening of the national currency on the interbank market, which is reflected in the official quote used by banks and exchange offices as a benchmark.

Official NBU Rate for September 8

According to the data published following the rate setting, the official US dollar rate for September 8 stands at 44.46 UAH per unit of currency. This is 10 kopecks lower than the value in effect on September 7. The official euro rate is set at 51.68 UAH, which is also 10 kopecks less than the previous figure. The parallel decline of both currencies by the same amount points to a general trend of hryvnia strengthening rather than an isolated movement of any single currency.

What Is Happening in the Cash Market

In the assessment of Taras Lesov, Director of the Financial Markets and Investment Activities Department of Globus Bank, no major upheavals are expected in the cash foreign exchange market this week. Banks and exchange offices are guided primarily by the interbank situation, so the cash and non-cash segments of the currency market move almost in sync. The expert emphasized that even if on certain days retail demand for currency exceeds supply by 3–5%, this does not indicate the formation of panic demand.

Expert Forecast

According to Lesov's forecast, the average gap between interbank and cash market rates over the coming days will be 10–15 kopecks. At the same time, average weekly rate deviations may remain within 1–1.5% of the week's starting rate. This means that for individuals and businesses, rates at banks and exchange offices will stay within a narrow corridor around the NBU's official figure, without sharp spikes.

Contradictory Data

It is worth noting that some Ukrainian media outlets, in particular UNN, report an NBU statement regarding a "technical glitch" in setting the currency rate on September 8. In the main information flow (RBC-Ukraine and other sources), the emphasis is placed on the planned 10-kopeck rate cut for both currencies, with no mention of any glitches. Thus, the version of a technical failure is not corroborated by the majority of sources and requires additional verification with the regulator; the basic rate figures (44.46 UAH per dollar and 51.68 UAH per euro), however, are consistent across sources.