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The national Bank said about the unpredictability of the hryvnia

Нацбанк заявил о непредсказуемости курса гривныNo analyst can guess the hryvnia.

The transition to a floating exchange rate led to the fact that to predict the rate of hryvnia to the dollar becomes very difficult. This was at the briefing said the Deputy head of the NBU Oleg Churiy.

“The course today is very difficult even projected by analysts. We have seen the trends that have occurred in the last six months, according to statistics, almost none of the analysts have not guessed, what the course will actually be in autumn and winter,” he said.

In this regard, the NBU expands opportunities for banks, businesses and households to hedge their currency risks.

“We allowed the hedging of currency risks also under debt transactions, we also allowed hedging through non-deliverable forwards, the so-called derivatives”, – he said.

We will remind, the new law “On currency and currency transactions” shall enter into force on 7 February and cancels several restrictions for businesses and residents.

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