Euro at UAH 50.44; Norway fund reports losses

Euro rate set at UAH 50.44

The hryvnia exchange rate against the euro has been set at UAH 50.44 per euro. Our Kyiv cash-desk quotes are available on the exchange rates page.

Norway’s fund loses NOK 278 billion

Norway’s sovereign wealth fund reported investment losses of NOK 278 billion, equivalent to EUR 26.4 billion, on Thursday. Rising interest rates weighed on its results. It is the world’s largest sovereign wealth fund, with assets of about EUR 2.1 trillion.

Hryvnia’s euro rate depends on euro-dollar pair

The euro’s exchange rate in hryvnias depends to a large extent on the international euro-to-dollar relationship. The balance between those two currencies is therefore an important factor in the euro’s hryvnia rate.

Based on reporting from Finance.ua, УНІАН.