--- title: "Dollar at 45.66 UAH: NBU sets a new historic exchange rate maximum" description: "The National Bank of Ukraine set a new historic maximum for the dollar exchange rate on November 4 at 45.66 UAH, while the euro remained at 51.05 UAH. Experts attribute the acceleration of devaluation to a deficit in external financial aid and inflation." date: 2026-11-03T14:20:25.952Z lang: en url: https://xab.info/en/posts/nbu-dollar-rate-45-66-uah-historic-maximum tags: [nabu, uah, dollar, euro, inflation, ukraine-economy] author: "Darya Fomina" publisher: "XAB.info" --- # Dollar at 45.66 UAH: NBU sets a new historic exchange rate maximum ![US dollar exchange rate growth charts overlaid on a Franklin banknote](https://xab.info/media/2026/11/03/nbu-kurs-dollara-4566-grn-novyi-istoricheskii-maksimum/nbu-kurs-dollara-4566-grn-novyi-istoricheskii-maksimum-1.webp) ## Key Points - The NBU set the dollar exchange rate at 45.66 UAH for November 4 — a new historic maximum (+13 kopecks compared to 45.53 UAH on November 3). - The official euro exchange rate remained unchanged at 51.05 UAH. - Expert Andriy Shevchyshyn attributes the acceleration of devaluation to an insignificant volume of external aid in October and uncertainty regarding budget financing for the next year. - According to the expert's estimate, the budget for next year lacks about 70 billion euros considering confirmed tranches. The National Bank of Ukraine has updated the official exchange rates for the banking day of November 4, setting a new historic maximum for the US dollar. According to the regulator, the American currency is valued at 45.66 hryvnias, which is 13 kopecks higher than the figure of the previous banking day. On Tuesday, November 3, the dollar exchange rate was 45.53 hryvnias. Thus, in a single day, the hryvnia lost value, while the dollar continued its upward trajectory that has been building over recent months. ### European currency remains unchanged Unlike the dollar, the official euro exchange rate for November 4 remained unchanged. The European currency is still valued at 51.05 hryvnias — exactly the same as the day before. Such stagnation of the euro exchange rate against the backdrop of the dollar's growth indicates that the main pressure on the national currency in the current period is concentrated precisely around the American currency, which is traditionally considered a key benchmark for the interbank market and corporate operations. ### Factors accelerating devaluation Financial expert Andriy Shevchyshyn noted in a commentary to RBC-Ukraine that one of the key factors accelerating devaluation processes in the autumn was the situation with international financial assistance. According to him, in October the volume of funds from foreign partners was insignificant, and the prospects for financing the Ukrainian budget for the next year remain uncertain. The expert also pointed to the deterioration of economic sentiments among the population and businesses, as well as the acceleration of inflation, which together amplify negative trends in the economy. ### Budget deficit and external financing In terms of budget constraints, Shevchyshyn emphasized that the Ukrainian budget for the next year, taking into account already confirmed tranches, lacks about 70 billion euros. This gap between confirmed revenues and public finance needs, according to the expert's assessment, increases pressure on the national currency exchange rate and limits the regulator's ability to smooth out fluctuations in the foreign exchange market. It is precisely the combination of inflationary acceleration, weak dynamics of external financing, and pessimistic business expectations that, in the analyst's opinion, shapes the current picture of the hryvnia's weakening. ### Context and market expectations The fixation of a new record dollar exchange rate continues a series of updates to historic maximums recorded by the National Bank over recent months. For market participants, the key issue remains the stability of the exchange rate in the coming weeks: experts are discussing scenarios in which the dollar could either continue to grow or stabilize near current levels depending on the inflow of foreign exchange earnings from exports and the resolution of the issue with external budget financing. Thus, exchange rate dynamics for the coming days will largely depend on macroeconomic factors rather than one-off market fluctuations. ## Fact-Check & Sources - [Новый максимум доллара: курс НБУ на 4 ноября и почему осенью усилилось давление на гривну](https://www.rbc.ua/ukr/news/noviy-maksimum-dolara-kurs-nbu-4-listopada-1793714608.html) - Primary source: dollar exchange rate on November 4 is 45.66 UAH (+13 kop. to 45.53 UAH on November 3), euro is 51.05 UAH unchanged; expert commentary by A. Shevchyshyn on the deficit of external aid and a budget gap of ~70 billion euros. - [К дню рождения Пышного НБУ обвалил гривню до очередного минимума](https://ukrrudprom.com/news/K_dnyu_rogdeniya_Pishnogo_NBU_obvalil_grivnyu_do_ocherednogo_minimuma.html) - Refers to a different date and a different rate movement (growth of almost 34 kopecks to 45.5382 UAH/$); does not contradict the data for November 4, used solely as context for ongoing devaluation. - [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 на 4 ноября — 45,66 грн (+13 коп. к 45,53 грн на 3 ноября), евро — 51,05 грн без изменений; комментарий эксперта А. Шевчишина о дефиците внешней помощи и разрыве бюджета в ~70 млрд евро. - [Доллар и евро внезапно взлетели: новый курс валют на 19 августа](https://glavred.info/economics/dollar-i-evro-vnezapno-vzleteli-novyy-kurs-valyut-na-19-avgusta-10789418.html) - Подтверждено по источнику glavred.info ## FAQ ### What official dollar exchange rate did the NBU set for November 4? For November 4, the National Bank of Ukraine set the official dollar exchange rate at 45.66 hryvnias, which is 13 kopecks higher than the figure on November 3 (45.53 hryvnias). ### Has the euro exchange rate changed? No, the official euro exchange rate for November 4 has not changed and stands at 51.05 hryvnias, just like the day before. ### Why, according to the expert, has the devaluation of the hryvnia intensified? Financial expert Andriy Shevchyshyn links the acceleration of devaluation to an insignificant volume of external financial assistance in October, uncertainty over budget financing for the next year, accelerating inflation, and worsening economic sentiment.