Ukrainian Hryvnia RateUAH/MDL
Currency calculator
100,00 UAH =
39,66 MDL
1 UAH = 0.3966 MDL · 1 MDL = 2.5214 UAH
History UAH/MDL
The Ukrainian hryvnia (UAH) and the Moldovan leu (MDL)
The Ukrainian hryvnia is the official currency of Ukraine, the Republic of Moldova's largest neighbor. The UAH/MDL exchange rate holds particular significance for both countries, given their shared border of over 1,200 km, intense trade relations, and deep cultural ties between the two peoples.
Ukraine and Moldova share not only a geographical border but also an interconnected economic history. Cross-border trade, especially in the Odesa-Chisinau and Chernivtsi-Balti corridors, generates a significant volume of UAH/MDL currency exchanges. Markets in border towns, freight transport, and logistics services depend directly on the exchange rate between the two currencies.
Impact of the Ukraine conflict on Moldova's economy
Since February 2022, the armed conflict in Ukraine has had profound economic consequences for the Republic of Moldova. The Ukrainian hryvnia has undergone significant depreciation, and the National Bank of Ukraine has imposed strict currency controls. These developments have affected the UAH/MDL rate and disrupted bilateral trade.
Moldova has felt the impact through multiple channels: disruption of traditional trade routes, rising energy prices, the influx of Ukrainian refugees, and widespread geopolitical uncertainty. Natural gas prices, with gas partially transported through transit infrastructure shared by both countries, have risen dramatically, amplifying inflationary pressures in Moldova.
The Ukrainian community in Moldova and financial flows
Moldova has received over 100,000 Ukrainian refugees since the start of the conflict, many of whom have settled temporarily or on a long-term basis. This community generates bidirectional financial flows: transfers from Ukraine for expenses in Moldova, and remittances from those who have found employment in Moldova back to families remaining in Ukraine.
Additionally, historic Ukrainian communities in northern Moldova (particularly in the Briceni, Edinet, and Ocnita districts) maintain close economic ties with neighboring Ukrainian regions, sustaining a permanent demand for UAH/MDL conversion.
Shared energy infrastructure and currency implications
Moldova and Ukraine share the natural gas transit infrastructure from Russia to Europe. Transit contracts, tariffs, and associated payments involve complex currency operations. The synchronization of Moldova's and Ukraine's electrical grids with the European ENTSO-E system in 2022 opened new commercial opportunities in the energy sector, with direct implications for financial flows and the UAH/MDL exchange rate.
FAQ
How can I exchange Ukrainian hryvnias for Moldovan lei at the border?
Currency exchange offices operate at Moldova-Ukraine border crossings, and banks and exchange offices are available in border towns (Palanca, Otaci, Criva). The rate at the border may differ significantly from the NBM rate, so always check the official UAH/MDL rate on Buget.md before exchanging.
How has the conflict in Ukraine affected the UAH/MDL rate?
Since the conflict began in February 2022, the hryvnia has depreciated significantly, and the National Bank of Ukraine has fixed the official rate and imposed currency restrictions. This has created a gap between the official and market rates, complicating UAH/MDL conversions. The NBM rate reflects periodic adjustments to the official Ukrainian rate.
Can Ukrainian refugees in Moldova exchange hryvnias for lei?
Yes, Ukrainian refugees can exchange hryvnias for Moldovan lei at commercial banks and currency exchange offices in Moldova. The NBM publishes the official UAH/MDL rate daily. International organizations also run assistance programs providing financial support to refugees, usually in MDL or EUR.
What is the volume of cross-border trade between Moldova and Ukraine?
Ukraine is one of Moldova's key trading partners. Bilateral trade includes food products, construction materials, agricultural products, and industrial goods. Volumes temporarily declined due to the conflict, but trade routes have adapted. This trade generates constant demand for UAH/MDL conversion.
How does the gas transit infrastructure affect the UAH/MDL rate?
Moldova and Ukraine share gas pipelines used for transiting Russian natural gas to Europe. Transit payments, energy contracts, and tariffs are denominated in various currencies, and any change in volumes or tariffs indirectly affects the balance of payments and exchange rates of both countries.
Are there restrictions on money transfers between Moldova and Ukraine?
The National Bank of Ukraine has imposed currency restrictions due to the conflict, limiting foreign currency transfers from Ukraine. Transfers from Moldova to Ukraine are possible via Western Union, MoneyGram, or bank transfers, but may be subject to Ukrainian restrictions. Check current rules before making a transfer.