What is the euro exchange rate set in Ukraine’s state budget for 2026

In the draft state budget for 2026, the government anticipates an average euro exchange rate of 49.4 hryvnias per euro. This figure is indicated in the appendices to the bill, specifically in the documents “Forecast Calculation of Excise Tax on Fuel for the Consolidated Budget for 2026” and “Forecast Calculation of Excise Tax on Electric Energy for 2026.”

This is reported by AgroReview

Official Exchange Rate and Forecasts for 2026

As of the current period, the official exchange rate of the hryvnia to the euro is 48.50 UAH per euro. However, in the draft state budget for 2026, the average rate is set slightly higher at 49.4 UAH per euro. This may affect tax calculations, particularly excise tax, which is important for shaping the revenue part of the budget.

Features of Currency Exchange Rate Forecasting in the State Budget

The projected euro exchange rate included in the state budget, like that of the US dollar, is merely a calculated indicator. It is used during the planning of budget revenues and tax collections, but in practice, the actual rate at the end of the year may significantly differ from the forecasted one.

It is worth noting that the projected euro exchange rate, like that of the dollar, which the government includes in the state budget bill, is always a calculated figure and rarely matches the actual results by the end of the year.

Thus, the average euro exchange rate set in the draft state budget for 2026 is 49.4 UAH per euro, while the current official rate is 48.50 UAH per euro.