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Hungarian Currency Hits Another Low

D&T
March 18, 2020

The Hungarian currency, the forint has reached another historic low this Wednesday as more than HUF 350 had to be paid for one euro. The new record low exchange rate was HUF 351.08 / EUR, the financial website portfolio.hu reports.

The Hungarian currency also reached a record low to the US dollar this Wednesday: HUF 319 / USD.

An analysis at hvg.hu points out that the reason for the fall is the coronavirus pandemic: no one knows with how much damage the global economy can come out of this situation, and investors are saving their money in less vulnerable currencies that the Hungarian forint.

D&T

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