About the AUD/UAH rate
The AUD/UAH rate is how many UAH one Australian dollar buys. It moves constantly with interest-rate expectations, commodity prices and global risk sentiment - see what moves the rate. Tradergy shows the mid-market reference rate and does not forecast where it’s heading. For the 52-week highs and lows and a daily table, see the AUD/UAH rate history.
The other directions of this rate: the reverse rate, UAH → AUD, is on the receiving Ukrainian hryvnia view, and sending Australian dollars to Ukraine is covered on the AUD → UAH transfer page. Every AUD pair sits on the convert hub, and to work in more than one currency at once there is the currency converter.
From a fixed wartime rate to managed flexibility
At the outbreak of the full-scale war the National Bank of Ukraine fixed the hryvnia's exchange rate and imposed a set of administrative restrictions - decisions it says prevented panic and kept the financial system working, at a cost that it expected to grow over time. That fixed rate was set by the Bank under Resolution 18, in force from 24 February 2022.
It ended on 3 October 2023. The Bank moved to what it calls managed flexibility, under which the official rate is shaped by transactions in the interbank market instead of being set by the Bank, while the Bank remains what it describes as a key player in that market, covering a structural deficit of foreign currency that it expects to persist. Its stated intention is that the rate move in both directions while it significantly limits the size of those movements, preventing both a marked weakening and a marked strengthening.
The unwinding of the restrictions is published as a sequence, which is unusual enough to be worth reading. The Bank's strategy for easing foreign exchange restrictions sets out three stages: the first covering the minimising of multiple exchange rates and the widening of business trade operations, the second covering trade finance, banks' currency risk and interest payments on legacy debts, and the third - still listed as next - covering full repayment of legacy loans and investments, household transfers abroad, derivatives and lending to non-residents. Progress between them, the Bank says, depends on macroeconomic and financial preconditions, and it attaches no dates.
The currency being managed that way is younger than most of the people using it. A presidential decree on monetary reform was signed on 25 August 1996; the Bank issued hryvnia notes and stopped issuing karbovanets on 2 September; the two circulated together until 16 September, when the hryvnia became sole legal tender. Cash and household deposits alike were converted at one hundred thousand karbovanets to the hryvnia.
Sources: National Bank of Ukraine, on the introduction of managed flexibility of the exchange rate · National Bank of Ukraine, foreign exchange restrictions and exchange rate policy · Mission of the President of Ukraine in the Autonomous Republic of Crimea, on the 1996 monetary reform