{"id":1343062,"date":"2026-01-11T13:50:31","date_gmt":"2026-01-11T11:50:31","guid":{"rendered":"https:\/\/prm.ua\/steep-peak-or-warm-regions-where-is-the-hryvnia-going\/"},"modified":"2026-01-12T05:08:39","modified_gmt":"2026-01-12T03:08:39","slug":"steep-peak-or-warm-regions-where-is-the-hryvnia-going","status":"publish","type":"post","link":"https:\/\/prm.ua\/en\/steep-peak-or-warm-regions-where-is-the-hryvnia-going\/","title":{"rendered":"Hryvnia at a Crossroads: Climb or Collapse?"},"content":{"rendered":"

Source: Author’s Facebook<\/a> page<\/em><\/p>\n

2026 began not only with bitter cold, renewed Russian attacks causing heating and water shortages, and the frantic chaos of Oreshnik \u2014 but also with a new wave of panic as the hryvnia plunged. At times, it feels like watching it fall from a skyscraper.<\/strong><\/p>\n

But what is the reality? The hryvnia, having started 2026 at 42.3, has reached a level of 43.1\u201343.2. If you look closely at the numbers, this represents a movement of just 2 percent \u2014 in other words, practically nothing.<\/p>\n

Yet we still hear talk of a \u201chistorical low\u201d and the \u201crecord weakening of the hryvnia.\u201d Indeed, the hryvnia has rarely been strong, but it would be strange for it to appreciate during a war. This is generally not typical for the hryvnia, or for the currency of any developing country. And again, in percentage terms, the movement is marginal. The euro-dollar pair experiences fluctuations of this magnitude regularly on the global currency market.<\/p>\n

So why did we see this movement? The National Bank could provide a precise explanation, but it remains fundamentally silent. It is the NBU\u2019s policy not to comment on short-term exchange rate movements \u2014 and this is entirely understandable.<\/p>\n\t\t