KIEV, Feb. 14 – The volume of trading in hryvnia non-deliverable forward (NDF) has decreased sharply due to the poor predictability of the national currency exchange rate after the transition of the National Bank of Ukraine (NBU) to a new exchange rate policy.

The senior specialist for trading in bonds at Concorde Capital investment company, Yuriy Tovstenko, told Interfax-Ukraine that the liquidity of the NDF market was mainly influenced by the increased hryvnia exchange rate volatility.

For instance, he said that on February 10 the EMTA UAH FIX rate, used in forwards, was UAH 8.50 per $1, on February 11 it fell to UAH 8.60 per $1, on February 12 - by another 12 kopecks.