---
title: "NBU lowers dollar and euro rates: impact of oil prices on Ukraine's economy"
description: "The National Bank of Ukraine lowered official dollar and euro rates for September 29. Experts warn that rising global fuel prices may pressure the hryvnia in the coming weeks."
date: 2026-09-28T13:34:00.000Z
lang: en
url: https://xab.info/en/posts/nbu-lowers-dollar-euro-rates-oil-price-impact
tags: [nbu, hryvnia, currency-rate, ukraine-economy, oil-prices]
publisher: "XAB.info"
---

# NBU lowers dollar and euro rates: impact of oil prices on Ukraine's economy

![Infographic of the NBU official exchange rate change](https://xab.info/media/2026/09/28/nbu-snizil-kurs-dollara-i-evro-analiz-vliyaniya-neftyanykh-tsen/nbu-snizil-kurs-dollara-i-evro-analiz-vliyaniya-neftyanykh-tsen-1.webp)

## 🎯 Key Points

- Dollar fell to 44.81 UAH, euro to 50.97 UAH.
- Rising import fuel prices create risks for the hryvnia exchange rate.
- Impact of oil quotes will be felt in 2-3 weeks.

The National Bank of Ukraine has announced official exchange rates for Tuesday, September 29, 2026, showing a moderate strengthening of the hryvnia against major global currencies. According to the regulator, the official US dollar exchange rate is set at 44.81 UAH, which is 3 kopecks lower than the previous figure. The euro also showed negative dynamics, falling by 16 kopecks to 50.97 UAH. ### The influence of energy prices on the currency market

Experts point out that current stability may be short-lived due to global factors. Taras Lisovoy, Director of the Financial Markets Department at Globus Bank, emphasizes that high energy prices create hidden pressure on Ukraine's currency market. Since the country is critically dependent on fuel imports, rising world oil prices automatically increase the demand from importers to convert hryvnia into foreign currency for settlement purposes.

### Forecast and time lags

Specialists note that the market's reaction to oil price increases does not happen instantly. Due to existing procurement contracts, logistics chains, and internal stockpiles, the effect of rising energy prices is spread over time. It is expected that the impact of this factor will become noticeable on the exchange rate within the next few weeks, when importers begin to purchase new fuel shipments at higher prices. ### Contradictory data

It is worth noting that expert forecasts for October 2026 differ. While some analysts point to the risk of hryvnia devaluation due to import pressure, other sources emphasize that the NBU has sufficient foreign exchange reserves to smooth out sharp fluctuations, which may prevent significant exchange rate jumps, despite fundamental negative factors.

## 🔍 Fact-Check Verification

- [НБУ снизил курс доллара и евро: как подорожание горючего повлияет на валютный рынок Украины](https://www.rbc.ua/ukr/news/nbu-zniziv-kurs-dolara-ta-evro-k-podorozhchannya-1790602233.html) - Использованы данные о курсах и комментарии эксперта
- [НБУ установил официальный курс доллара на 29 сентября: что изменится для украинцев](https://financy.24tv.ua/ru/nbu-objavil-novyj-kurs-dollara-podorozhaet-li-valjuta-vtornik_n3150459) - Подтверждение дат и котировок
- [Доллар упал, евро немного вырос — какой курс в банках и обменниках 28 сентября](https://unn.ua/ru/news/dollar-upal-yevro-nemnogo-viros-kakoi-kurs-v-bankakh-i-obmennikakh-28-sentyabrya) - Подтверждено по источнику unn.ua
- [Каким будет курс доллара и евро в октябре: прогнозы аналитиков](https://delo.ua/ru/news/kakim-budet-kurs-dollara-i-evro-v-oktyabre-prognozy-analitikov-473262/) - Подтверждено по источнику delo.ua

## ❓ FAQ

### Q: What is the official NBU exchange rate for September 29, 2026?
**A:** The US dollar is set at 44.81 UAH, the euro at 50.97 UAH.

### Q: Why do rising oil prices affect the hryvnia?
**A:** Ukraine imports fuel, so rising oil prices increase importer demand for foreign currency for settlements.