The National Bank of Ukraine set the official exchange rates for foreign currencies for Friday, September 25, 2026. According to the regulator, the US dollar continued to strengthen, while the euro showed a downward trend. Thus, the divergence between the two key currencies in the Ukrainian market, against the backdrop of the current macroeconomic situation, has become even more pronounced.
Official NBU exchange rates for September 25
Pursuant to the National Bank's decision, the official US dollar exchange rate for September 25 stands at 44.97 hryvnias. This is 12 kopecks higher than the previous banking day's figure. The official euro exchange rate is set at 51.12 hryvnias, which is 6 kopecks lower than the previous day's value. Thus, over the course of a day the dollar gained in value, while the euro, conversely, fell.
Trend: the dollar rises, the euro falls
The picture captured by the regulator confirms the steady trend of recent trading sessions: the national currency is gradually losing ground against the dollar, while the euro continues to decline in the pair with the hryvnia. Experts note that the rate movement is shaped by a combination of factors — from currency demand on the part of households and businesses to the state of the balance of payments and expectations regarding the further macroeconomic trajectory. The approach to the 45-hryvnia level for the dollar makes the question of timing a currency purchase particularly relevant for private investors.
Should you buy currency amid a rising rate?
Taras Kozak, founder and president of the UNIVER investment group, emphasized in a comment to RBC-Ukraine that there is no need to buy currency only after its rate has started to rise. In his words, if a person wishes to diversify assets across different currencies — for example, holding part in dollars and part in euros — this should be done on an ongoing basis, not reactively. The expert explains: if a person has decided that 20% of their funds should be held in euros, then after receiving income they can buy 20% of it in euros and hold it.
The expert's diversification strategy
"In other words, this should not involve shifting from one asset to another simply because some asset has risen or fallen," Kozak noted. Thus, the expert's key recommendation comes down to regular, systematic diversification of the portfolio according to a pre-set proportion, rather than attempts to guess rate reversals. For a private investor, this means abandoning tactical "jumps" between currencies and moving to a strategic allocation of assets that smooths out volatility and reduces the risk of losses in the event of a sharp change in any currency's rate.
