The Ukrainian hryvnia has reached a new low against the US dollar, trading at 41.45/42.07 (buy/sell) on Wednesday, according to data from the interbank currency market. The hryvnia has weakened by 5 kopecks on the buy side and 3 kopecks on the sell side. The national currency has depreciated by more than 60 kopecks since the beginning of the week. The hryvnia's depreciation is attributed to a number of factors, including the ongoing war in Ukraine, the country's economic challenges, and the global economic uncertainty. The hryvnia has weakened significantly since the start of the war, with the National Bank of Ukraine (NBU) intervening in the market to try to stabilize the currency.
The hryvnia has also weakened against the euro, trading at 41.34 hryvnia per euro on Wednesday. The euro has strengthened against the hryvnia by 2 kopecks. The hryvnia has depreciated by 4 kopecks since the beginning of the week. The hryvnia's depreciation against the euro is also attributed to the ongoing war in Ukraine and the country's economic challenges.
The hryvnia's depreciation is a concern for the Ukrainian economy, as it makes imports more expensive and could lead to higher inflation. The NBU has been trying to stabilize the currency, but the hryvnia's depreciation is likely to continue in the near term.