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. JPY

    The currency abbreviation or the currency symbol for the Japanese ...
  3. Hard-Coded Stock

    This is a term that refers to a company's stock symbol or ticker ...
  4. Currency Symbol

    A graphical symbol used as a substitute for the actual name of ...
  5. RUB (Russian Ruble)

    The Russian Ruble (RUB) is the currency of Russia and is the ...
  6. NZD

    In the currency market, this is the abbreviation for the New ...
Related Articles
  1. Insights

    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. Insights

    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.
  3. Investing

    Is Ukrainian Debt Worth a Look?

    Looking past the obvious risks, does Ukraine deserve the attention of investors? Here's one take.
  4. Insights

    Is the IMF’s Loan to Ukraine Wasted Money?

    The IMF just approved the next instalment of its loan to Ukraine, but is the aid agency just wasting its money?
  5. Investing

    Why Soros Says "EU's Biggest Asset is the Ukraine"

    The explicit support for the Ukraine by Soros likely owes more to his philosophical and political leanings than his portfolio returns.
  6. Insights

    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. Insights

    How Conflict With Ukraine Can Hurt Russia's Economy (RBL, EEM)

    Tension between Russia and Ukraine threaten to undermine any hope of lifting economic sanctions early.
  8. Investing

    How Russia Makes Its Money - And Why It Doesn't Make More

    How does Russia make its money, and why doesn’t it make more?
  9. Trading

    The Origins Of Common Currency Symbols

    Check out some of the world's most heavily traded currencies and their origins.
RELATED FAQS
  1. How are international exchange rates set?

    Knowing the value of your home currency in relation to different foreign currencies helps investors to analyze investments ... Read Answer >>
  2. Is there a world currency? If so, what is it?

    There is no such thing as a world currency. However, since World War II, the dominant or reserve currency of the world has ... Read Answer >>
  3. What are key economic factors that can cause currency depreciation in a country?

    Read about the causes of currency devaluation, and find out how to differentiate between relative and absolute currency devaluation. Read Answer >>
  4. When and why did the euro make its debut as a currency?

    On January 1, 1999, the European Union introduced its new currency, the euro. Read Answer >>
Hot Definitions
  1. Cryptocurrency

    A digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of ...
  2. Financial Industry Regulatory Authority - FINRA

    A regulatory body created after the merger of the National Association of Securities Dealers and the New York Stock Exchange's ...
  3. Initial Public Offering - IPO

    The first sale of stock by a private company to the public. IPOs are often issued by companies seeking the capital to expand ...
  4. Cost of Goods Sold - COGS

    Cost of goods sold (COGS) is the direct costs attributable to the production of the goods sold in a company.
  5. Profit and Loss Statement (P&L)

    A financial statement that summarizes the revenues, costs and expenses incurred during a specified period of time, usually ...
  6. Monte Carlo Simulation

    Monte Carlo simulations are used to model the probability of different outcomes in a process that cannot easily be predicted ...
Trading Center