About the currency
The euro is the shared currency of the euro area. The European Central Bank and the national central banks of the Eurosystem conduct its monetary policy. Using one currency simplifies payments between participating countries, but not every European Union member uses the euro.
The euro to hryvnia rate reflects both conditions in Ukraine and changes in EUR/USD on global markets. ECB interest rates, European inflation and economic activity can influence it. In Ukraine, euros are used for travel, education, purchases and payments to euro area partners. When comparing exchange offers, check the selling rate and any fees rather than relying only on the official rate.
