Hryvna definitions
| Word backwards | anvyrh |
|---|---|
| Part of speech | The word "hryvna" is a noun. It is the currency of Ukraine. |
| Syllabic division | hryv-na |
| Plural | The plural of the word hryvna is hryvni. |
| Total letters | 6 |
| Vogais (1) | a |
| Consonants (5) | h,r,y,v,n |
When discussing currency, the hryvnia is the official currency of Ukraine. The Hryvnia (UAH) is represented by the symbol ₴ and is subdivided into 100 smaller units known as kopecks. The hryvnia has been the official currency of Ukraine since 1996, replacing the karbovanets.
The History of the Hryvnia
The name "hryvnia" dates back to Kievan Rus' and was used to refer to a measure of weight. The modern-day Hryvnia was introduced in 1996 as part of Ukraine's currency reform following the collapse of the Soviet Union. The Hryvnia was initially valued at a rate of 1 U.S. dollar to 1.76 UAH but has since fluctuated due to various economic factors.
Design of the Currency
The Hryvnia banknotes feature prominent figures in Ukrainian history, culture, and literature. Ukrainian landmarks and monuments are also depicted on the currency, showcasing the country's rich heritage. The coins come in various denominations, including 1, 2, 5, 10, 25, and 50 kopecks, as well as 1 and 2 hryvnia coins.
Exchange Rate and Stability
Like all currencies, the hryvnia is subject to fluctuations in the foreign exchange market. The exchange rate of the Hryvnia is influenced by factors such as economic indicators, political stability, inflation rates, and global market trends. The National Bank of Ukraine plays a crucial role in maintaining the stability of the hryvnia through its monetary policy.
In conclusion, the hryvnia serves as the backbone of Ukraine's economy, facilitating trade and commerce both domestically and internationally. Understanding the history, design, and exchange rate of the Ukrainian currency is essential for anyone looking to do business in the country or travel there.
Hryvna Examples
- I exchanged my dollars for Ukrainian hryvna at the bank.
- The price of the souvenir was quoted in hryvna.
- She received her salary in hryvna.
- The cost of living in Kyiv is measured in hryvna.
- He withdrew hryvna from the ATM for his trip.
- The taxi driver quoted the fare in hryvna.
- Tourists often exchange their currency for hryvna when visiting Ukraine.
- The shop accepted payment in hryvna only.
- The hotel bill was settled in hryvna.
- The hryvna is the official currency of Ukraine.