What Is Happening With Hryvnia's Exchange Rate

February 16, 2018

Analysing the dynamics of hryvnia's exchange rate, we can see that in the past two years, its devaluation was happening starting in the second half of December till early February. In February, the dynamic changed its direction, and hryvnia gradually became stronger, and this trend intensified in the spring-summer period. This is foremost connected with imports of energy, the need for which considerably reduces in spring.

This year, we also observed this seasonal fluctuation. It was connected with the return of export revenues, as well as some improvement in external commodity markets. Also important is that this year the panic sentiment among the population was much less apparent.

There are two event scenarios in the nearest future: calming of foreign exchange markets with slight fluctuations or slight hryvnia appreciation.


Vasyl Yurchyshyn

Director, Economic Programmes

Born in 1955 in Kamyanets-Podilskyi.


T. Shevchenko Kyiv State University, Department of Cybernetics (1977).

Institute of Public Administration and Local Government at the Cabinet of Ministers of Ukraine (1994).

Professor in Public Administration. Author of nearly 100 scientific works.


In 1977–1993, worked at the Kyiv University as an engineer, research fellow and senior research fellow;

1994–1999 — head economic researcher at the International Centre for Policy Studies, Fund for Banking and Finance Development;

1999–2004 — Assistant Professor, Department of Economic Policy of the Ukrainian (currently, National) Academy of Public Administration, office of the President of Ukraine;

1999–2004 — Research Director at the Agency of Humanitarian Technologies, later — Agency for Social Analysis;

2002–2003 — advisor to the Minister of Economy of Ukraine;

since April, 2004 — Professor, Department of Economic Policy of the National Academy of Public Administration, office of the President of Ukraine;

since June, 2005 — Economic Programmes Director at Razumkov Centre.

(044) 201-11-90