Currency Rate
Ukraine Hryvnia to USD
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The Ukrainian hryvnia (symbol: ₴; code: UAH) is the official currency of Ukraine.
Currency Details
- Country code UA
- Symbol UAH
- ISO Code UAH
- Subunits 1 Hryvnia = 100 Kopiyok
Coins
- 1 kopiyka
- 2 kopiyky
- 5 kopiyok
- 10 kopiyok
- 25 kopiyok
- 50 kopiyok
- 1 hryvnia
- 2 hryvnias
- 5 hryven
- 10 hryven
Banknotes
- 1 hryvnia
- 2 hryvnias
- 5 hryven
- 10 hryven
- 20 hryven
- 50 hryven
- 100 hryven
- 200 hryven
- 500 hryven
The Ukrainian Hryvnia, commonly abbreviated as UAH, is the official currency of Ukraine. Known simply as the "hryvnia," it is symbolized as "₴" and is subdivided into 100 kopiyok. Introduced in 1996, the hryvnia replaced the Ukrainian karbovanets during a period of hyperinflation, marking a new era of monetary stability and national identity after Ukraine’s independence.
History and Background
The hryvnia takes its name from a medieval currency used in Kievan Rus', reflecting Ukraine’s deep historical roots. The modern hryvnia was reintroduced on September 2, 1996, following Ukraine’s independence from the Soviet Union in 1991. The transition was part of broader economic reforms to stabilize the economy after years of inflation. The currency’s symbol (₴) combines the Cyrillic letter "г" (for "hryvnia") with a double horizontal stroke, symbolizing stability.
The hryvnia takes its name from a medieval currency used in Kievan Rus', reflecting Ukraine’s deep historical roots. The modern hryvnia was reintroduced on September 2, 1996, following Ukraine’s independence from the Soviet Union in 1991. The transition was part of broader economic reforms to stabilize the economy after years of inflation. The currency’s symbol (₴) combines the Cyrillic letter "г" (for "hryvnia") with a double horizontal stroke, symbolizing stability.
Economic Significance
The hryvnia plays a critical role in Ukraine’s economy, which relies on agriculture, heavy industry, and IT exports. Its value has faced challenges due to political instability, war, and external pressures. The National Bank of Ukraine manages the hryvnia’s exchange rate, occasionally intervening to mitigate volatility. Unlike pegged currencies, the hryvnia operates under a managed floating regime, adjusting to market conditions and foreign reserves.
The hryvnia plays a critical role in Ukraine’s economy, which relies on agriculture, heavy industry, and IT exports. Its value has faced challenges due to political instability, war, and external pressures. The National Bank of Ukraine manages the hryvnia’s exchange rate, occasionally intervening to mitigate volatility. Unlike pegged currencies, the hryvnia operates under a managed floating regime, adjusting to market conditions and foreign reserves.
Usage and Exchange
The hryvnia is the sole legal tender in Ukraine, used for all domestic transactions. Cash remains prevalent, especially in rural areas, though digital payments are growing rapidly in cities like Kyiv, Lviv, and Kharkiv. Foreign exchange is available at banks, exchange kiosks, and airports, but restrictions may apply during crises. Due to wartime measures, some limitations on cash withdrawals and currency conversions exist. International credit cards are widely accepted in urban centers, but alternatives like PrivatBank’s contactless payments are popular.
The hryvnia is the sole legal tender in Ukraine, used for all domestic transactions. Cash remains prevalent, especially in rural areas, though digital payments are growing rapidly in cities like Kyiv, Lviv, and Kharkiv. Foreign exchange is available at banks, exchange kiosks, and airports, but restrictions may apply during crises. Due to wartime measures, some limitations on cash withdrawals and currency conversions exist. International credit cards are widely accepted in urban centers, but alternatives like PrivatBank’s contactless payments are popular.
Conclusion
The Ukrainian hryvnia is more than money—it embodies the nation’s resilience and cultural heritage. For visitors and businesses, understanding the hryvnia is essential to navigating Ukraine’s evolving economy. Whether supporting its agricultural heartland or adapting to wartime challenges, the hryvnia remains a symbol of Ukraine’s enduring spirit and sovereignty.
The Ukrainian hryvnia is more than money—it embodies the nation’s resilience and cultural heritage. For visitors and businesses, understanding the hryvnia is essential to navigating Ukraine’s evolving economy. Whether supporting its agricultural heartland or adapting to wartime challenges, the hryvnia remains a symbol of Ukraine’s enduring spirit and sovereignty.