Wages in Ukraine up another +25% – Now up 3x since 2015

For 2019, Ukraine has both the #1 performing currency and sovereign bond market globally.

Average monthly wage in Kyiv is now $660, according to a statement by Economic Minister Timofei Milovanov today. Due to continuing favorable economic factors, salaries measured in local currency have increased +9.6% while the Hrvnia itself has appreciated+15% against the USD since January 2019.

From the low in February 2015 at the peak of the Russian invasion, Ukrainian average wages are now up +300% but still well below neighboring capital cities such as Warsaw ($1050/monthly) or Budapest ($1313/monthly).

For 2019 the Ukrainian Hrvnia has grabbed the #1 spot in terms of increased strength. Ukraine’s sovereign bond market has also taken first place globally as emerging market funds begin to come back to the country.

At the time of this writing USD/UAH rate is 24.03, a rate not seen since 2016.

Yearly comparison USD/UAH