How much is one hryvnia in rubles. Rate of the Ukrainian currency

Ukrainian hryvnia, despite the difficult political situation in the country, for quite a long time maintained a stable position relative to the Russian ruble. Nevertheless, the devaluation of this currency was inevitable. If you compare how much one hryvnia is in rubles now and a little over two years ago, then you can see a steady tendency to devalue the Ukrainian national currency.

The exchange rate of the hryvnia against other currencies

To date, the Ukrainian hryvnia has a fairly reliable position relative to other currencies. This is due to the well-considered monetary policy of the National Bank of Ukraine. In addition, the state's economy, although in a deep crisis, has managed to stabilize its state. How many Belarusian rubles does the hryvnia cost? At the moment, the rate of the Ukrainian currency in relation to the Belarusian monetary unit is 0.13 to 100. That is, one hundred Belarusian rubles are valued at thirteen Ukrainian kopecks. How many rubles does the hryvnia today? The ratio of the Ukrainian national currency to the Russian ruble is 0.41 to 1.

The reasons for the devaluation of the hryvnia in recent years

The main reasons for the decline in Ukrainian hryvnia quotations experts call the fall in production after the change of power in 2014. In addition, there was a significant outflow of capital outside the country. We also need to take into account the trade balance of the Ukrainian economy. All of these factors have had a significant impact on the decrease in the currency earnings of exporters and increased the demand for foreign currency.

It should be noted that after the arrival in the spring of 2014 of President Petro Poroshenko, the Ukrainian currency was in a static situation for a while. Many associate this with the artificial maintenance of the national currency before the early parliamentary elections in the autumn of the same year. Just a few months after the election campaign, the hryvnia devalued by more than 50%. If you look at how much one hryvnia is in rubles in 2016, and compare with its quotes in early 2015, you can see an almost identical ratio.

The future of the Ukrainian currency

Many people are worried about the question: will the hryvnia continue to fall or will it consolidate in the present fairly stable situation? There is no clear answer to this question. This largely depends on the political situation in the country. In addition, in the east of Ukraine, the military conflict continues, which also has an impact on the hryvnia exchange rate. The quotes of the Ukrainian national monetary unit depend on the state's access to external borrowing. Therefore, the success of cooperation with the International Monetary Fund will influence the hryvnia exchange rate.

How much does one hryvnia in rubles in Ukraine and in Russia? At the moment, the official rate of the Russian ruble, set by the NBU, is 0.46 Ukrainian hryvnia. At the same time, the Central Bank of Russia set the exchange rate at this level - 24.13 rubles for 10 Ukrainian hryvnia.

The rate of the Ukrainian currency in the pre-crisis years

And until 2014, when a change of power occurred in Ukraine, the hryvnia with respect to the ruble was constantly changing its course. However, with respect to the US dollar during the reign of President Viktor Yanukovych, it showed itself steadily and traded at an average level of 8 hryvnia per US dollar. For example, in 2012, with a rise in oil prices, there has been a steady trend to strengthen the Russian ruble. If you look at how much one hryvnia is in rubles today and then, then you can notice a significant difference. At the same time, when analyzing the quotes of two currencies in 2008 and 2016, It can be seen that the hryvnia against the Russian ruble for a period of 8 years was devalued by a factor of 2. So, in 2008, before the onset of the global financial crisis, the Ukrainian monetary unit was worth about five rubles. Now the ratio is about 1 to 2.4 and slightly varies from one to the other.