Kyiv, Ukraine – E get as euro dey waka for market, close to 10-year high. Na because European Central Bank (ECB) no gree cut rate again, US dollar dey stabilize, and China dey show price competition. Na so Fitch Ratings take yarn am for their latest FX Market Monitor.
For the kind money matter wey dey happen, euro don rise by about 13% against dollar since 2024 don close, but according to Fitch analysts, dem no expect make euro continue to rise for 2026. Dem talk say make we expect euro to rise by small 5% against yen, and 1.4%-1.5% against British pound and Chinese yuan. E be like say euro dey vex for all the trading partners wey dey play market with am.
But no be all good news, oh. This strong euro fit dey make life hard for eurozone exporters, as dem go struggle to sell, while wey imported goods fit become cheaper, give real incomes better chance (like when you buy 3 suya for 1k instead of 1).
Meanwhile, US dollar don waka back by more than 6% against developed and emerging market currencies this year. E don weaken against all developed market currencies wey Fitch dey check follow their Global Economic Outlook. But the gist for emerging market get as e be: Russian ruble, Brazilian real, Polish zloty, and Mexican peso dey shine well, but Turkish lira dey lose ground, and Indian rupee and Indonesian rupiah no dey do well too.
According to FX forecast wey Fitch drop for September 2025 Global Economic Outlook, dollar go dey stable till year-end, but dem dey expect say e go start to fall small small over the next two years. DXY index wey dem dey use to measure dollar strength, go lower by 2.7% before 2026 end, compared to the forecast wey dem drop for July.
If you dey wanna know how e take affect Ukraine, National Bank of Ukraine just drop official dollar exchange rate for October 30 at 42.01 hryvnias. E don land small compare to yesterday wey e dey 42.08 hryvnias. Euro dey stand for 48.87 hryvnias, while zloty dey chill for 11.51 hryvnias. Easy exchange for people wey wan do cross-border business, but make sure say you sabi your math well oh!
In September 2025, Ukraine’s international reserves don boost by 1.1%, reaching 46,518.6 million US dollars. This one na because foreign partners don drop some dough for them, and dem decrease the NBU’s net sale of foreign currency. E be like say money dey come from anywhere, as long as you no go steal am!
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