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base info OKB

OKB to Ukrainian Hryvnia Converter and calculator

Convert 1OKB (OKB) to Ukrainian Hryvnia (UAH) equals ₴ 2,347.94 | Bitget

UAH information

About the Ukrainian Hryvnia (UAH)

What Is the Ukrainian Hryvnia (UAH)?

The Ukrainian Hryvnia (UAH) is the national currency of Ukraine since September 1996. Represented by the ISO code UAH and symbolized as ₴, the Hryvnia replaced the Karbovanets due to hyperinflation following the collapse of the Soviet Union. This currency, sometimes written as Hryvnya or Grivna, is subdivided into 100 kopiykas. The Ukrainian Hryvnia is the sole legal tender in Ukraine, and it is used for all transactions within the country.

The Ukrainian Hryvnia is issued by the National Bank of Ukraine, which is the central bank of Ukraine. The National Bank of Ukraine is responsible for the printing and circulation of the currency, as well as for maintaining the country's financial stability and economic development.

What Is the History of UAH?

The Hryvnia's name is derived from a medieval measure of weight in the Slavic region. An earlier version of the currency circulated in 1917 after Ukraine declared independence from the Russian Tsarist Empire. The Karbovanets, used during the two World Wars, was replaced by the Hryvnia in 1996 at a rate of 100,000 Karbovanets to one Hryvnia.

Notes and Coins of UAH

The Hryvnia is managed by the National Bank of Ukraine, with banknotes in denominations of ₴10, ₴20, ₴50, ₴100, ₴200, and ₴500. Coins are issued in ₴1, ₴2, and ₴5 denominations. The currency symbol is a cursive Ukrainian letter He (г) with a double horizontal stroke, symbolizing stability.

Economic Impact and Usage

Ukraine's transition to a market economy saw challenges, with much of the population resorting to subsistence farming and barter systems. The introduction of the Hryvnia improved the situation slightly.

The Hryvnia is used in Ukraine, except in Crimea, where the Russian ruble was adopted in 2014 following annexation by Russia. The Hryvnia continued as a parallel currency until the end of 2015 in Crimea.

Modernization and Future Outlook

In January 2023, the National Bank of Ukraine began withdrawing older banknotes (designed between 2003 – 2007) from circulation, replacing them with modernized banknotes and newly designed coins. This move signifies ongoing efforts to streamline the currency and adapt to economic needs.

Is UAH Pegged to EUR?

No, the Ukrainian Hryvnia (UAH) is not pegged to the Euro or any other currency. The Hryvnia operates on a floating exchange rate system, where its value is determined by market forces of supply and demand in the foreign exchange market. This means that the exchange rate of the Hryvnia against other currencies, including the Euro, can fluctuate based on economic conditions, political stability, and other factors.

Is UAH a Stable Currency?

The Ukrainian Hryvnia (UAH) has experienced varying degrees of stability, significantly influenced by Ukraine's political and economic challenges. Notably, the currency underwent substantial devaluation during the political turmoil of 2014, losing about 70% of its value against the U.S. dollar and reaching a low of approximately ₴33 per dollar in 2015. However, it has also seen periods of recovery, such as in July 2019, when it strengthened to ₴24.98 against the dollar. Factors like political instability, economic pressures, inflation, and the level of foreign exchange reserves held by the National Bank of Ukraine play crucial roles in determining the hryvnia's stability. While there have been efforts by the National Bank to stabilize the currency, the Hryvnia remains susceptible to fluctuations, reflecting the broader economic and political landscape of Ukraine.

Why Did Ukraine Devalue UAH?

In July 2022, Ukraine's central bank made the strategic decision to devalue the Ukrainian Hryvnia by 25% against the US dollar, a move primarily aimed at addressing the country's balance of payments issues and boosting the competitiveness of its exports. This devaluation was a response to the economic pressures exacerbated by the ongoing regional conflict and geopolitical tensions, which had significantly impacted foreign investment and reduced access to international financial markets. By devaluing its currency, Ukraine sought to stabilize its economy, manage inflationary pressures, and make its export-oriented sectors, like agriculture, more attractive on the global market. This economic maneuver was part of a broader strategy to navigate the complex financial challenges the country faced during this tumultuous period.

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Bitget crypto-to-fiat exchange data shows that the most popular OKB currency pair is the OKB to UAH, with for OKB's currency code being OKB. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UAH.

OKB to UAH conversion rate trend

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In the past 1D, OKB has changed +8.04% to UAH. Based on the trend and price charts, OKB(OKB) has changed +8.04% to UAH while Ukrainian Hryvnia(UAH) has changed % to OKB in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₴2,347.94
0.0001% / 0.0004%vip-iconVIP
OKX
₴2,324.66
0.080% / 0.100%
Yes
Gate.io
₴2,320.69
0.1000% / 0.1000%
Yes
Last updated 2024/04/16 13:00:16(UTC+0)

What factors influence the conversion rate of OKB to Ukrainian Hryvnia?

OKB to Ukrainian Hryvnia is rising this week.
OKB's current market price is ₴ 2,347.94 per OKB, with a total market cap of ₴ 140,876,161,139.74 UAH based on a circulating supply of 60,000,000 OKB. The trading volume of OKB has changed by +406.70% (₴ 1,748,397,323.96 UAH) in the last 24 hours. Last trading day, OKB's trading volume was ₴ 429,894,936.69.
Market cap
$3.55B
24h volume
$54.84M
Circulating supply
60.00M OKB

Conversion tables

The exchange rate of OKB is decreasing.
1 OKB is currently valued at ₴ 2,347.94 UAH , which means buying 5 OKB will cost ₴ 11,739.68 UAH . Similarly, ₴1 UAH can be traded for 0.0004259 OKB, and ₴50 UAH can be converted to 0.02130 OKB, excluding any platform or gas fees.
The exchange rate of 1 OKB to Ukrainian Hryvnia has changed by +1.22% in the last 7 days. In the last 24 hours, the rate has fluctuated by +8.04%, reaching a high of 2,453.14 UAH and a low of 2,133.22 UAH . One month ago, the value of 1 OKB was ₴ 2,537.14 UAH , which represents a -7.46% change from its current value. Over the last year, OKB has changed by
+
34.61UAH
, resulting in a change of +15.35% in its value.

OKB to UAH

Amount
13:14 today
0.5 OKB
1,173.97
1 OKB
2,347.94
5 OKB
11,739.68
10 OKB
23,479.36
50 OKB
117,396.8
100 OKB
234,793.59
500 OKB
1,173,967.97
1000 OKB
2,347,935.94

UAH to OKB

Amount13:14 today
0.5UAH0.0002130  OKB
1UAH0.0004259  OKB
5UAH0.002130  OKB
10UAH0.004259  OKB
50UAH0.02130  OKB
100UAH0.04259  OKB
500UAH0.2130  OKB
1000UAH0.4259  OKB
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Today vs. 24 hours ago

Amount13:14 today24 hours ago24h change
0.5 OKB$29.55$27.35
+8.04%
1 OKB$59.11$54.71
+8.04%
5 OKB$295.53$273.54
+8.04%
10 OKB$591.06$547.09
+8.04%
50 OKB$2,955.3$2,735.43
+8.04%
100 OKB$5,910.59$5,470.86
+8.04%
500 OKB$29,552.97$27,354.31
+8.04%
1000 OKB$59,105.93$54,708.61
+8.04%

Today vs. 1 month ago

Amount13:14 today1 month ago1M change
0.5 OKB$29.55$31.93
-7.46%
1 OKB$59.11$63.87
-7.46%
5 OKB$295.53$319.34
-7.46%
10 OKB$591.06$638.69
-7.46%
50 OKB$2,955.3$3,193.44
-7.46%
100 OKB$5,910.59$6,386.88
-7.46%
500 OKB$29,552.97$31,934.4
-7.46%
1000 OKB$59,105.93$63,868.8
-7.46%

Today vs. 1 year ago

Amount13:14 today1 year ago1Y change
0.5 OKB$29.55$25.62
+15.35%
1 OKB$59.11$51.23
+15.35%
5 OKB$295.53$256.17
+15.35%
10 OKB$591.06$512.35
+15.35%
50 OKB$2,955.3$2,561.73
+15.35%
100 OKB$5,910.59$5,123.46
+15.35%
500 OKB$29,552.97$25,617.3
+15.35%
1000 OKB$59,105.93$51,234.6
+15.35%

FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.