The National Bank of Ukraine has set the official foreign exchange rates for Monday, November 2, 2026. Compared to the previous banking day — Friday, October 30 — the US currency continued its downward movement, while the European currency nearly fixed its positions. Thus, the hryvnia maintains moderate resilience at the start of the new week, although, according to banking analysts, military risks and inflationary pressure still stand behind it, preventing any talk of complete market stabilization.
Official exchange rates for Monday
For November 2, the NBU set the official US dollar exchange rate at 45.35 hryvnias. This is 17 kopecks lower than the figure on Friday, October 30, when the rate was 45.52 hryvnias per dollar. The European currency, conversely, rose slightly: while the official euro rate was 50.67 hryvnias on October 30, it is set at 50.68 hryvnias for Monday, meaning an increase of one kopeck. The Polish zloty also showed a slight decrease against the hryvnia, with its rate reduced by 3 kopecks to 11.50 hryvnias.
War as a source of inflationary pressure
The ability of Ukrainian businesses to adapt to difficult circumstances has become one of the characteristic features of the economy, but as experts emphasize, adaptation does not mean the disappearance of unfavorable factors. Taras Lesovoy, Director of the Financial Markets and Investment Department at Globus Bank, explained in a commentary to RBC-Ukraine that Russian attacks on energy infrastructure, the destruction of production facilities, and damage to warehouses and transport routes create new challenges for enterprises. Businesses have to look for alternative electricity sources, rebuild logistics routes, and repair damaged equipment — all of which requires additional financial resources and increases inflationary pressure.
What awaits the foreign exchange market next week
According to Taras Lesovoy, during the week of November 2 to 8, the foreign exchange market will balance between military risks, inflationary pressure, and the National Bank's stabilization measures. He warned that it would be a mistake to assume one can get so «accustomed» to constant risks that they stop affecting the exchange rate situation. In the interbank market during this period, according to the bank's estimates, demand for currency may exceed supply, creating additional restrictions for the strengthening of the hryvnia. Thus, despite the current decline in the dollar exchange rate, next week's dynamics will largely depend on the energy situation and the overall inflationary burden on the economy.
