UAH (Ukraine Hryvnia)

DEFINITION of 'UAH (Ukraine Hryvnia)'

The currency abbreviation for the Ukraine hryvnia (UAH), the currency for Ukraine. The Ukraine hryvnia is made up of 100 kopiyka and is often presented with a symbol based on the cursive Ukrainian letter "He", which looks like a "3" with a double horizontal stroke through the middle. The double strokes are seen on other currencies such as the euro and the yen because they symbolize stability.

BREAKING DOWN 'UAH (Ukraine Hryvnia)'

The hryvnia became the national currency of Ukraine when it replaced the karbovanets at a rate of 100,000:1 in 1996 because of the hyperinflation that occurred in the '90s as a result of the collapse of the Soviet Union. Initially, the currency was introduced at an exchange rate with the U.S. dollar of 1.76 Ukrainian hryvnia to 1 U.S. dollar. Since 1998, when the Asian financial crisis devalued the currency, the exchange rate has remained stable at around 5 hryvnia to 1 U.S. dollar.

RELATED TERMS
  1. JPY (Japanese Yen)

    The currency abbreviation or the currency symbol for the Japanese ...
  2. USD

    In currencies, this is the abbreviation for the U.S. dollar. ...
  3. JPY

    The currency abbreviation or the currency symbol for the Japanese ...
  4. Currency Symbol

    A graphical symbol used as a substitute for the actual name of ...
  5. Hard-Coded Stock

    This is a term that refers to a company's stock symbol or ticker ...
  6. AUD

    In the currency market, this is the abbreviation for the Australian ...
Related Articles
  1. Economics

    Looking to Invest In Ukraine? Here is How

    We examine a number of ways to invest in Ukraine, including ETFs, managed funds, corporate investments, and Eurobonds.
  2. Economics

    Will Ukraine Ever Join The EU?

    Ukrainian President Petro Poroshenko has made it clear that his country is committed to joining the EU.
  3. Economics

    Could Ukraine's Debt Crisis Destabilize The EU?

    A financial crisis in Ukraine could be a bigger threat to European security than the current financial crisis in Greece.
  4. Investing

    Countries Near Economic Collapse

    These four countries are nearing economic collapse.
  5. Forex

    The Worst Performing Currencies Of 2015

    The U.S. dollar has strengthened over the past year while weakness in Europe and the former Soviet Union has led to declines in those currencies.
  6. Economics

    Why Is Ukraine At War? A Russian Rivalry With West

    Huge power games which are being played behind the Ukrainian conflict are rooted in a previous revolution, a past Cold War, and an old Russia-West rivalry.
  7. Investing News

    Russia and Ukraine's Conflict Is Far From Over

    Gain insight into the compelling dynamics behind the Russian annexation of Crimea and Ukraine's avowed intent to recover its lost territory.
  8. Economics

    Currency Crises In These Countries Will Shape 2015

    Ongoing financial and geopolitical issues have led several countries to the verge of a currency crisis in 2015.
  9. Forex Education

    Forex Tutorial: Reading a Forex Quote and Understanding the Jargon

    One of the biggest sources of confusion for those new to the currency market is the standard for quoting currencies. In this section, we'll go over currency quotations and how they work in ...
  10. Markets

    What Happens in a Currency Crisis?

    A currency crisis comes from a decline in the value of a country’s currency.
RELATED FAQS
  1. Why do some stock symbols have three letters while others have four? What is the ...

    Stocks found on the New York and American Stock Exchange will normally have symbols with three letters or fewer. On the other ... Read Answer >>
  2. Why is the U.S. dollar shown on the top of some currency pairs and on the bottom ...

    All currencies are traded in pairs. The first currency in the pair is called the base currency while the second is called ... Read Answer >>
  3. How are international exchange rates set?

    International currency exchange rates display how much one unit of a currency can be exchanged for another currency. Currency ... Read Answer >>
  4. Why isn't the EUR/USD currency pair quoted as USD/EUR?

    In a currency pair, the first currency in the pair is called the base currency and the second is called the quote currency. ... Read Answer >>
  5. Why do forex traders use a currency converter?

    All currencies are quoted in pairs - one country's currency against another country's currency. A currency converter is used ... Read Answer >>
  6. Why is currency always quoted in pairs?

    When reading currency quotes, you have probably noticed that there is only a single quote for a pair of currencies. Currency ... Read Answer >>
Hot Definitions
  1. Law Of Demand

    A microeconomic law that states that, all other factors being equal, as the price of a good or service increases, consumer ...
  2. Cost Of Debt

    The effective rate that a company pays on its current debt. This can be measured in either before- or after-tax returns; ...
  3. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  4. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  5. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  6. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
Trading Center