The single European currency may account for up to 55% of cash inflows to banks
In September 2026, the currency market will be influenced by regulatory decisions and geopolitical tensions. Experts note a gradual strengthening of the euro against the dollar and growing demand for it among Ukrainians. This was reported by Minfin, according to the portal PromPolitInform.
In September 2026, increased volatility is expected in financial markets, which will directly impact exchange rate fluctuations of the dollar, euro, and hryvnia. Among the key factors determining currency dynamics, experts highlight decisions by the US Federal Reserve and the European Central Bank, as well as current pricing policies in the oil market.
Factors influencing the currency market
Significant pressure on quotes could be exerted by the escalation of conflicts in the Middle East and the general economic situation in the United States. Domestic factors in Ukraine, particularly increased demand for foreign currency, also remain significant considerations for revising exchange rate forecasts for the coming month.
There is a shift in preferences among Ukrainian consumers, who are increasingly favoring the European currency. It is expected that the share of the euro in the structure of foreign cash that financial institutions import into Ukraine could range between 45% and 55%.
Risks for the national currency
Analysts are paying special attention to energy prices, particularly oil, as one of the most significant potential risks to the stability of the hryvnia. High energy costs on global markets directly affect the state’s balance of payments and its ability to service external financial obligations.
At present, questions remain about the feasibility of choosing assets for building savings. Experts suggest evaluating the risks and advantages of investing in various instruments, including hryvnia-denominated assets, US dollars, euros, or gold, taking into account changing market conditions.
Illustrative photo: epSos.de / CC BY 2.0
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