UAH information
About the Ukrainian Hryvnia (UAH)
What Is the Ukrainian Hryvnia (UAH)?
The Ukrainian Hryvnia (UAH) is the national currency of Ukraine since September 1996. Represented by the ISO code UAH and symbolized as ₴, the Hryvnia replaced the Karbovanets due to hyperinflation following the collapse of the Soviet Union. This currency, sometimes written as Hryvnya or Grivna, is subdivided into 100 kopiykas. The Ukrainian Hryvnia is the sole legal tender in Ukraine, and it is used for all transactions within the country.
The Ukrainian Hryvnia is issued by the National Bank of Ukraine, which is the central bank of Ukraine. The National Bank of Ukraine is responsible for the printing and circulation of the currency, as well as for maintaining the country's financial stability and economic development.
What Is the History of UAH?
The Hryvnia's name is derived from a medieval measure of weight in the Slavic region. An earlier version of the currency circulated in 1917 after Ukraine declared independence from the Russian Tsarist Empire. The Karbovanets, used during the two World Wars, was replaced by the Hryvnia in 1996 at a rate of 100,000 Karbovanets to one Hryvnia.
Notes and Coins of UAH
The Hryvnia is managed by the National Bank of Ukraine, with banknotes in denominations of ₴10, ₴20, ₴50, ₴100, ₴200, and ₴500. Coins are issued in ₴1, ₴2, and ₴5 denominations. The currency symbol is a cursive Ukrainian letter He (г) with a double horizontal stroke, symbolizing stability.
Economic Impact and Usage
Ukraine's transition to a market economy saw challenges, with much of the population resorting to subsistence farming and barter systems. The introduction of the Hryvnia improved the situation slightly.
The Hryvnia is used in Ukraine, except in Crimea, where the Russian ruble was adopted in 2014 following annexation by Russia. The Hryvnia continued as a parallel currency until the end of 2015 in Crimea.
Modernization and Future Outlook
In January 2023, the National Bank of Ukraine began withdrawing older banknotes (designed between 2003 – 2007) from circulation, replacing them with modernized banknotes and newly designed coins. This move signifies ongoing efforts to streamline the currency and adapt to economic needs.
Is UAH Pegged to EUR?
No, the Ukrainian Hryvnia (UAH) is not pegged to the Euro or any other currency. The Hryvnia operates on a floating exchange rate system, where its value is determined by market forces of supply and demand in the foreign exchange market. This means that the exchange rate of the Hryvnia against other currencies, including the Euro, can fluctuate based on economic conditions, political stability, and other factors.
Is UAH a Stable Currency?
The Ukrainian Hryvnia (UAH) has experienced varying degrees of stability, significantly influenced by Ukraine's political and economic challenges. Notably, the currency underwent substantial devaluation during the political turmoil of 2014, losing about 70% of its value against the U.S. dollar and reaching a low of approximately ₴33 per dollar in 2015. However, it has also seen periods of recovery, such as in July 2019, when it strengthened to ₴24.98 against the dollar. Factors like political instability, economic pressures, inflation, and the level of foreign exchange reserves held by the National Bank of Ukraine play crucial roles in determining the hryvnia's stability. While there have been efforts by the National Bank to stabilize the currency, the Hryvnia remains susceptible to fluctuations, reflecting the broader economic and political landscape of Ukraine.
Why Did Ukraine Devalue UAH?
In July 2022, Ukraine's central bank made the strategic decision to devalue the Ukrainian Hryvnia by 25% against the US dollar, a move primarily aimed at addressing the country's balance of payments issues and boosting the competitiveness of its exports. This devaluation was a response to the economic pressures exacerbated by the ongoing regional conflict and geopolitical tensions, which had significantly impacted foreign investment and reduced access to international financial markets. By devaluing its currency, Ukraine sought to stabilize its economy, manage inflationary pressures, and make its export-oriented sectors, like agriculture, more attractive on the global market. This economic maneuver was part of a broader strategy to navigate the complex financial challenges the country faced during this tumultuous period.
HELMET to UAH conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | ₴0.2181 | 0.0200% / 0.0320%VIP 7 |
How to buy Helmet.insure
Buy HELMET (or USDT) for UAH (Ukrainian Hryvnia) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
---|---|---|---|---|
F Free USDT UA 896 trades|Completion rate 100.00% | 1 UAH | Amount22.37 USDT Limit1 - 1 UAH | ||
U UAH Flashsale-1 24/7 127 trades|Completion rate 100.00% | 39.3 UAH | Amount296.6 USDT Limit590 - 1179 UAH | ||
R Rey Tigger 5 trades|Completion rate 100.00% | 42.6 UAH | Amount605.94 USDT Limit4000 - 48850 UAH | ||
M Mykolan10 13 trades|Completion rate 100.00% | 42.7 UAH | Amount7878.59 USDT Limit10000 - 24000 UAH | ||
S Salesman.p2p 123 trades|Completion rate 99.00% | 42.7 UAH | Amount1306.55 USDT Limit500 - 55000 UAH |
Sell HELMET (or USDT) for UAH (Ukrainian Hryvnia) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
---|---|---|---|---|
B BGUSER-GVKF93RT 1 trades|Completion rate 100.00% | 43.02 UAH | Amount505 USDT Limit10000 - 21725 UAH | ||
C Crypto_Hyper 1 trades|Completion rate 50.00% | 41.9 UAH | Amount160 USDT Limit1000 - 6410 UAH | ||
P P2P Exchange UA 2 trades|Completion rate 100.00% | 41.86 UAH | Amount1780.22 USDT Limit5000 - 83720 UAH | ||
d devidjan444 572 trades|Completion rate 99.00% | 41.85 UAH | Amount76024.93 USDT Limit1000 - 100000 UAH | ||
B Bigshort001 16 trades|Completion rate 94.00% | 41.8 UAH | Amount80764.13 USDT Limit20000 - 1000000 UAH |
What factors influence the conversion rate of Helmet.insure to Ukrainian Hryvnia?
Helmet.insure to Ukrainian Hryvnia is falling this week.Conversion tables
The exchange rate of Helmet.insure is decreasing.HELMET to UAH
UAH to HELMET
Today vs. 24 hours ago
Amount | 19:53 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 HELMET | $0.002676 | $0.002654 | +0.83% |
1 HELMET | $0.005351 | $0.005307 | +0.83% |
5 HELMET | $0.02676 | $0.02654 | +0.83% |
10 HELMET | $0.05351 | $0.05307 | +0.83% |
50 HELMET | $0.2676 | $0.2654 | +0.83% |
100 HELMET | $0.5351 | $0.5307 | +0.83% |
500 HELMET | $2.68 | $2.65 | +0.83% |
1000 HELMET | $5.35 | $5.31 | +0.83% |
Today vs. 1 month ago
Amount | 19:53 today | 1 month ago | 1M change |
---|---|---|---|
0.5 HELMET | $0.002676 | $0.003419 | -21.74% |
1 HELMET | $0.005351 | $0.006838 | -21.74% |
5 HELMET | $0.02676 | $0.03419 | -21.74% |
10 HELMET | $0.05351 | $0.06838 | -21.74% |
50 HELMET | $0.2676 | $0.3419 | -21.74% |
100 HELMET | $0.5351 | $0.6838 | -21.74% |
500 HELMET | $2.68 | $3.42 | -21.74% |
1000 HELMET | $5.35 | $6.84 | -21.74% |
Today vs. 1 year ago
Amount | 19:53 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 HELMET | $0.002676 | $0.002148 | +24.57% |
1 HELMET | $0.005351 | $0.004296 | +24.57% |
5 HELMET | $0.02676 | $0.02148 | +24.57% |
10 HELMET | $0.05351 | $0.04296 | +24.57% |
50 HELMET | $0.2676 | $0.2148 | +24.57% |
100 HELMET | $0.5351 | $0.4296 | +24.57% |
500 HELMET | $2.68 | $2.15 | +24.57% |
1000 HELMET | $5.35 | $4.3 | +24.57% |
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