UAH to USD Exchange Rate Analysis: Real-Time Data, Influencing Factors, and Trading Guide

According to Wise data, as of January 28, 2026, the exchange rate of the Ukrainian Hryvnia (UAH) against the US Dollar (USD) is currently 0.0234467, meaning 1 Hryvnia can be exchanged for approximately 0.0234 USD. This exchange rate has remained relatively stable over the past week, with a value increase of about 0.821% compared to 7 days ago.

Small fluctuations in the exchange rate directly impact international trade settlements, personal cross-border remittances, and gains or losses for foreign exchange investors.

01 Real-Time Exchange Rate Snapshot

In the current global financial markets, the UAH/USD exchange rate is an important indicator of Ukraine’s economic stability. Real-time data from different institutions vary slightly but show a consistent overall trend.

Investing.com shows that on January 28, 2026, the UAH/USD rate was 0.02349, with an intraday increase of +0.68%, fluctuating between 0.02333 and 0.02349.

XE’s data is more precise, with 1 UAH convertible to 0.02333510 USD. For your convenience, below is real-time exchange rate information from various authoritative platforms:

Looking at the reverse exchange rate, Trading Economics data shows that 1 USD can be exchanged for 42.5744 Ukrainian Hryvnia, down 0.87% from the previous day. In January 2026, this rate reached a historical high of 43.75.

02 Recent Market Performance Analysis

Over the past week, the value of the Ukrainian Hryvnia against the US Dollar has fluctuated within a narrow range. According to Wise’s historical records, the exchange rate ranged from a high of 0.0234467 (on January 27) to a low of 0.0232558 (on January 21).

This indicates a volatility of approximately 0.82%, which is relatively stable for fiat currency exchange rates.

The largest 24-hour price change last week occurred on January 27, when the Hryvnia appreciated by 0.257% in a single day. Such intraday fluctuations are typically influenced by specific economic data releases, geopolitical news, or market liquidity changes.

Despite short-term stability, the Hryvnia still faces pressure when looking at a longer timeline. Over the past month, the Ukrainian Hryvnia has depreciated by 1.23% against the USD, and over the past twelve months, its cumulative decline is 1.95%.

03 Key Factors Affecting the Exchange Rate

The exchange rate of the Ukrainian Hryvnia is influenced by a variety of macro and micro factors. Understanding these factors can help predict future movements.

Ukraine’s monetary policy plays a decisive role. The National Bank of Ukraine is responsible for formulating and implementing the Hryvnia’s monetary policy, with the primary goal of maintaining price stability. Currently, Ukraine’s benchmark interest rate remains high at 15.50%, while the US federal funds rate is 3.75%.

Ukraine’s inflation rate in December 2025 was 8.00%, down from 9.30% previously, but still significantly higher than many developed countries.

Since 2022, ongoing conflicts have had a profound impact on Ukraine’s economy, damaging infrastructure, disrupting production activities, and causing a surge in fiscal expenditures. These factors collectively lead to capital outflows and increased pressure on foreign exchange reserves, exerting downward pressure on the Hryvnia exchange rate.

04 Conducting Related Transactions on Gate Platform

For users interested in UAH/USD exchange rate movements, the Gate platform offers various indirect ways to participate in trading this currency pair.

Although Gate primarily focuses on digital asset trading and does not directly provide fiat-to-fiat UAH to USD exchange services, users can leverage cryptocurrencies as a bridge to convert assets between different fiat currencies.

For example, on the Gate platform, users can view real-time exchange rates of UAH against several mainstream cryptocurrencies. According to Gate data, 1 UAH can currently be exchanged for approximately 0.0001304 BTC, 0.003866 ETH, or 11.65 USDT.

Operational steps: users can first convert one asset into a highly liquid, relatively stable stablecoin (such as USDT), then exchange it for the target fiat currency or another asset. This process fully utilizes the 24/7 trading advantage of the cryptocurrency market.

The UAH/UNLOCK trading pair on Gate shows that 1 UNLOCK is currently worth about ₴0.0757 (approximately 0.0018 USD). This example demonstrates how UAH interacts with various digital assets on Gate.

05 Practical Guide to Exchange Rate Conversion

Whether for small remittances or large business settlements, accurate conversion between UAH and USD is fundamental. Here are some common amount conversion examples based on XE’s rate (1 UAH = 0.02333510 USD):

• Basic conversions: 10 UAH ≈ 0.233351 USD; 100 UAH ≈ 2.33351 USD
• Medium amounts: 1,000 UAH ≈ 23.3351 USD; 5,000 UAH ≈ 116.676 USD
• Reverse conversions are equally important: 1 USD ≈ 42.8539 UAH; 100 USD ≈ 4,285.39 UAH

When performing actual exchanges, note that banks or remittance service providers’ rates often differ from the mid-market rate, with the difference representing their service profit.

Platforms like Wise emphasize providing rates close to the mid-market rate with no hidden fees. For large exchanges, even tiny differences in the rate can lead to significant final amount variations.

For example, exchanging 10,000 UAH at a rate of 0.02333510 yields approximately 233.351 USD. A rate difference of 0.001 could result in about a 10 USD discrepancy.

When the exchange rate of the Hryvnia against the US Dollar reaches a historic high of 43.75 in January 2026, it signifies a period of significant depreciation for Ukraine’s currency. Behind this figure is Ukraine’s central bank maintaining the base rate at 15.50% to combat inflation.

Now, with the rate stabilized around 42.57, this numerical change reflects a subtle recovery of the country’s economic resilience. Every fluctuation in the exchange rate is a vote of confidence or rejection from the international market regarding this economy undergoing challenges.