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Value of the Hungarian Currency Falls Again

D&T
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August 16, 2022
www.v30sportkozpont.hu

The price of one euro (EUR) was 405 forints (HUF) by midday this Tuesday. The Hungarian forint started the week at HUF 392/EUR, and has been free-falling for the second day in a row, the business news site napi.hu writes.

The forint weakened sharply on Tuesday after Monday's plunge. At the end of last week, the exchange rate was around HUF 392/EUR, but on Monday it went up to almost 400, and by midday on Tuesday it was over 405.

The US dollar also crossed the HUF 400/USD psychological barrier again on Tuesday. The last time the forint was this weak was in July, when drastic interest rate hikes failed to bring the exchange rate back down, with only the announcement of on the partial elimination of capped prices in the public utility bill holding back the fall.

The prospect of a downgrade of Hungary is one of the main reasons for the current fall. Although Standard & Poor's affirmed its foreign currency sovereign debt rating at BBB on Friday, it downgraded the outlook to negative from stable, meaning a downgrade could be in the cards at the next review.

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    #G20 #G20 Riyadh Summit #Gábor Ganczer #Gábor Gion #Gábor Hárspataki #Gábor Iklódy #Gábor Orbán #gaborcsapo #gabordecsi #Gabriel A. Brennauer #Gabriel García Márquez #Gajus Scheltema #GalCap Europe #Galerija Klovićevi Dvori (Zagreb) #Gallicoop #Gambling monopoly #Garage #garbagecollectiondams #garden party #gardener #garlic #garlicproduction #gas #Gas consumption #Gas pipeline #gas station #Gas storage #gasconsumption #Gasoline #gasreserves #gasstation #gasstorage #gastro presentation #Gastronomy #Gauri Shankar Gupta #gdp #GDP growth #GDPR #gebruderweiss #Gedeon Richter #Gedeon Richter Plc. #gedeonrichter #Geert  Swaanenburg #Gelato Festival World Masters #general assembly meeting #General Motors #generalcontracting #George Floyd #George Herbert Walker Bush #George Soros #George Weisz #Georgia #Geothermal energy #geothermalenergy #Gépész Holding #Gerbeaud #Gergely Gulyás #Gergely Mikola #Gergely Siklósi #gergelykaracsony #Gergõ Kis #Gerhard Richter #German Ambassador #German Mobility Award #German reunification #German-Hungarian Chamber of Industry and Commerce (DUIHK) #germanic #Germany #Géza Hetényi Hospital #ghent #gianduja #Gibárt #Gift #giftpackaging #Gigabit bandwidth #Gingerbread #ginop #ginopplus #Giro d'Italia #Givaudan #Giveaways #gki #GKI Economic Research Co. #GKI Economic Research Institute #GKI economic sentiment index #GKI Economics Research Co. #gkid #glass fabric #glass manufacturing #Glencore Agriculture Group #Global Chess Festival #global minimum tax #global service center #global summit #globalchessfestival #Göd #Gödöllő #Gödöllõ #Goethe Institut #gold coin #Gold Hugo #Gold medal #goldcoin #Gömböc #GOOD DEED Bank #GoodID COVID-19 Green #GoodID Scanner #Goose festival #Gordan Grliæ-Radman #gordangrlicradman #Gordon Bajnai #GoTo #Gourmand International Awards #Government #government decree #government interference #Government of Japan #Government subsidy #Graduation ceremony #Graeme Jonathan Knott #GRAID software #Grain #graintransport #Gramophone Awards #Grand Hotel Lienz #Grand Slam tournament #Grandhotel Lienz #grandtokaj #Graphisoft Park #graphisoftpark #Greece #Green energy #Green financing #Green Frog Award #Green license plate #Green loan #Green Monetary Policy Toolkit Strategy #Green Mortgage Bond #Green Preferential Capital Requirement Program #green project #green thinking #Green transition #Greenairport program #greendestinations #Greenfield investment #greenfieldinvestment #greenfill #greenmetricworlduniversityrankings #Greenpeace #Greenpeace Hungary #greentech solutions #greentourism #greentransition #greenuniversityprogram #Greg Dorey #grocery store #grocerystores #Ground handling #Groundbreaking ceremony #Groupama #Growing sales #growth #Grundfos #Guest nights #Guest of Honor #guestnights #guide book #guidedogs #Guido Westerwelle #Guinness World Record Certificate #Gulf Cooperation Council (GCC) #Gum-Tech Ltd. #Gundel restaurant #Gwan-Pyo Nam #gym #gymnastics #gyongyos #Gyöngyös #Győr #Gyõr #Győr-Sopron-Ebenfurt Railways #György (George) Soros #György Bálint #György Keleti #György Kovács #György Matolcsy #Gyula
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(Hilti Tool Ltd.) #hipa #History #HOA-CSR Award #Hódmezővásárhely #Hoffmann Neopac #Hoisting the flag #holcim #Holiday #Holiday season #holidaymaking #holidayseason #Hollókő #holloko #Hollywood #Holocaust #Holocaust memorial day #Home furnishing sector #home isolation #Home office #Home quarantine #Home Renovation Program #homefurnishing #Homokhátság #honey #Hong Kong #Honorary citizen #Honorary consul #Honorary consuls #hops #Horizon Development #Hörmann Hungária #Horse polo #horses #horticulturist #Hortobágy #hortobagy #Hortobágy Bridge Fair #Hortobágy National Park #Horwath HTL Hungary #hospital #Hospital care #Hospitality #Hospitality business #Hospitals #Hot weather #Hotel boats #Hotel industry #Hotel management #hotelaccommodation #hotelbooking #hotelier #hotels #House concert #House of Hungarian Music #House of Hungarian Photographers - Mai Manó House #House prices #Household appliances #household consumption #household goods #Household products #householdconsumption #Housing #Housing market #housingmarket #Hoventa #Howmet-Köfém Plc. #HR #HR Fest Lupa #HR Services #HTEC (High Tech Engineering Center) Group #huawei #Huba Szeremley #HUF exchange rate #HuGo #Human resources #Human rights #Hunent Víziszárnyas Feldolgozó ('Waterfowl Processing') Plc. #Hungarian Academy of Sciences #Hungarian Academy of Sciences (MTA) #Hungarian Ambassador to the U.S. #Hungarian Armed Forces #Hungarian army #Hungarian Association of Nature Photographers (naturArt) #Hungarian athletes of the year #Hungarian Banking Association #Hungarian banking system #Hungarian Business Council for Sustainable Development (BCSDH) #Hungarian Business Leaders Forum (HBLF) #Hungarian Cancer League #Hungarian Canoe Federation #Hungarian Chamber of Health Care Professionals (MESZK) #Hungarian cinema #Hungarian Competition Authority #Hungarian Crafts Association #Hungarian cultural season #Hungarian Cycle Industry and Trade Association #Hungarian Dance Academy (MTE) #Hungarian Defence Forces #Hungarian Defence Minister #Hungarian Defense Forces #Hungarian Democratic Forum (MDF) #Hungarian diplomats #Hungarian Drone Coalition #Hungarian Economic Association #Hungarian economy #Hungarian Embassy #Hungarian employees #Hungarian Energy and Public Utility Regulatory Authority (HEA) #Hungarian Energy and Public Utility Regulatory Authority (MEKH) #Hungarian Energy and Utilities Regulatory Authority #Hungarian EU Presidency #Hungarian European Business Council (HEBC) #Hungarian Export Promotion Agency (HEPA) #Hungarian F-1 Grand Prix #Hungarian film #Hungarian Film Week #Hungarian Firefighters' Association #Hungarian Food Bank Association #Hungarian Football Federation (MLSZ) #Hungarian Foreign Ministry #Hungarian Foreign Ministry (Ministry of Foreign Affairs and Trade) #Hungarian forint #Hungarian forint (HUF) #Hungarian GDP #Hungarian gov't vs. EU #Hungarian government #Hungarian government measures #Hungarian government vs. EU #Hungarian Grand Prix #Hungarian Hollywood Council #Hungarian Holocaust #Hungarian Hotel & Restaurant Association #Hungarian Hotel and Restaurant Association #Hungarian households #Hungarian Hydrocarbon Stockpiling Association (MSZKSZ) #Hungarian Ichthyological Society #Hungarian Independent Trans­mission Operator Company Ltd. (MAVIR) #Hungarian industry #Hungarian Institute of Agricultural Economics (AKI) #Hungarian Interchurch Aid #Hungarian inventors #Hungarian Investment and Trade Agency (HITA) #Hungarian Investment Promotion Agency (HIPA) #Hungarian Jazz Association #Hungarian Jazz Federation #Hungarian Labor Code #Hungarian language #Hungarian League Against Cancer #Hungarian Maltese Charity Service #Hungarian Marketing Association #Hungarian Marketing Association (MMSZ) #Hungarian Medical Chamber #Hungarian Meteorological Service (OMSZ) #Hungarian military #Hungarian Ministry of Finance #Hungarian Ministry of Foreign Affairs and Trade (KKM) #Hungarian Ministry of Technology and Industry #Hungarian Museum of Science #Hungarian Museum of Science Technology and Transport #Hungarian National Asset Management Inc. (MNV) #Hungarian National Beekeepers' Association #Hungarian National Beekeeping Association (OMME) #Hungarian National Blood Transfusion Service (OVSZ) #Hungarian National Gallery #Hungarian National Museum #Hungarian National Police Headquarters (ORFK) #Hungarian Olympic Committee #Hungarian Olympic Committee (HOC) #Hungarian Olympic Committee (MOB) #Hungarian Open Air Museum #Hungarian Parliament #Hungarian police #Hungarian Police Headquarters (ORFK) #Hungarian politics #Hungarian Polo Club #Hungarian population #Hungarian Post (Magyar Posta) #Hungarian President #Hungarian President János Áder #Hungarian President Katalin Novák #Hungarian Press Photo Competition #Hungarian Press Photo Contest #Hungarian Press Photo Exhibition #Hungarian Psychiatric Society #Hungarian Public Relations Association #Hungarian Red Cross #Hungarian Revolution and War of Independence (1848–1849) #Hungarian Scientific Association for the Reduction of Harm and Environmental Diseases #Hungarian Service and Outsourcing Association (HOA) #Hungarian society #Hungarian Solar Panel Association #Hungarian Solar Panel Solar Collector Association #Hungarian Sports Journalists Association (MSÚSZ) #Hungarian Standby Police #Hungarian State Opera #Hungarian State Opera House #Hungarian tourism #Hungarian Tourism Agency (MTÜ) #Hungarian Trade Association (OKSZ) #Hungarian Venture Capital and Private Equity Association (HVCA) #Hungarian-Algerian Business Council #Hungarian-American relations #Hungarian-born #Hungarian-Serbian border #Hungarian-Turkish Business Association (Turkcham) #hungarianacademyofsciences #hungarianassociationofmotorvehicleimporters #hungarianbaptistaid #hungarianbreweries #hungarianeconomy #hungarianforint #hungariangovernment #hungarianicehockeyassociation #hungarianinterchurchaid #hungarianleagueagainstcancer #hungarianmeteorologicalservice #hungariannationalcolors #hungariannationalgallery #hungariannationalmuseum #hungarianparliament #hungarianparliamentbuilding #hungarianpopulation #Hungarianrevolution1848 #Hungarians abroad #Hungarians in Britain #Hungarians working abroad #hungariansinbritain #hungariansociety #hungarianstocks #hungarianteachers #hungariantourism #hungariantourismagency #hungarianuniversityoffinearts #hungarianwinegrandprix #Hungaricum #HungaroControl #Hungaropharma #Hungaroring #Hungary #Hungary elections 2022 #Hungary Foundation #Hungary politics #Hungary tourism #Hungary's Cake competition #Hungary's Leading Hotel 2021 #hungary1956 #hungary365 #hungarynationalday #hungarytourism #Hungerit Plc. #hungexpo #HUNGEXPO Budapest Congress and Exhibition Center #Huntsman Corporation #hybrid car #Hybrid vehicle #Hydro #hydroaluminium #hydroelectric power plant #hydroextrusionhungary #hydrogen #hydrogen train #Hygiene #hygienic paper #hygienic safety #Hypermarket #Hyundai
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    #labor market #Labor shortage #laboratory #labormarket #labormobility #Laborpont #lafarge #LAFARGE Cement Hungary Ltd. #Lajos Hatvany Museum #Lajos Tihanyi #Lake Balaton #Lake Tisza #lakebalaton #Languages #Laos #laser #laser cutting #lasercutting #László Andor #László Baán #László Bakonyi #László Barta #László Benkő #László Botka #László Cseh #László Erdős #László Krasznahorkai #László Lovász #László Lovász #László Sólyom #laszlopalkovics #Latin America #Latin-America #Latvia #law enforcement #Layoffs #Le Meridien Hotel Budapest #Leaders Development Institute #LeasePlan Hungária #Lebanon #legal #Legal firm #Legal industry #Legal issues #Legislation #lego #Legrand #Leier Hungária #Leisure #lending #Lending Survey #Lenovo #Leo Beenhakker #leofm #Letenye #Levente Balasa #Lewis Hamilton #Lexus #LG Electronics #LGBTQ #LGBTQI+ #library #Libri Publishing House #Libya #license plates #Lidl #Lidl Hungary #Lidl Wine Expo Hungary #Liegl & Dachser Transport and Logistics Ltd. #Lienz #Lieselore Cyrus #Lieutenant General Dr. Romulusz Ruszin-Szendi #Lieutenant General Romulusz Ruszin-Szendi #life expectancy #Lifetime membership #Lifting equipment #Lighting industry #Lili Horvát #Linde #Linde Gáz Magyarország #LINDE GÁZ Magyarország Zrt. #lion #liquefied natural gas (LNG) #Liquid Natural Gas (LNG) #Liquor industry #liquorindustry #Lisa Helfand #Liszt Ferenc #Liszt Ferenc International Airport #lisztacademy #Literature #lithium-ion battery separator film #Liu Shaoang #Livability Survey #live births #livechain #Livestock #livestock feed #Ljubljana #Ljubov Nepop #lng #loadbearing #loan broker #loans #Local elections #Lockdown #logistics #Logistics center #LogMeIn Inc. #London #London 2012 #London Stock Exchange #Long-distance bus service #Loránd Eötvös #Lóránt Kibédi Varga #Lost and Found #Lost items #LOT Polish Airlines #Lotte Aliminium #Lottery #Lotus days #Louis Armstrong #Love of Animals and Plants Festival #LOVIE AWARDS #low-carbon target #loyalty program #Luca Ekler #lucakozak #Ludwig Museum #Lufthansa #Lufthansa Systems Hungária #lukacshaza #Lukoil #LUX Audience Prize #Luxair #Luxembourg #Luxury Collection Hotel #Lynx armored infantry fighting vehicle #lyon
    #Mac Ruth #machine manufacturing #Machinery industry #madachtheater #Madagascar #Madame Tussauds #Mads Sandau-Jensen #Magyar Cetelem Bank #Magyar Fejlesztési Bank ('Hungarian Development Bank' — MFB) #Magyar Rádió (Hungarian Radio) #Magyar Suzuki #Magyar Suzuki Corporation #Magyar Telecom #Magyar Telekom #Magyarföld #magyarposta #magyartelekom #maharajasayajiraouniversity #mahart #Mahart Passnave #Maintenance work #Major General Romulusz Ruszin-Szendi #Major League Soccer (MLS) #Maklár #Makó #Malay Mishra #Malév Hungarian airlines #maltesecharityservice #Management Report #Mandatory quarantine #Manfred Bey #Mangalica #ManpowerGroup #mansion #mansions #Manufacture of transport equipment #Manufacturing #manufacturing plant #mapei #Maquette #marathon run #marathonrun #Marc Dillard #Marcell Rév #march #March 15 #March of the Living #Marco Veronese #Margaret Island #margaretisland #Maria Assunta Accili Sabbatini #Market Építő #Market report #Market share #marketepito #Marketing #Marketing Talent Award #marketprice #Markku Virri #Marriages #Marriott Budapest Hotel #Marriott International #MARSO Ltd. #Martin Gauss #Martin Kikstein #Márton Fucsovics #Martyrs of Arad #martyrsofarad #mask-wearing #maskuse #massage pool #Mastercard Hungary #masterplast #Masterplast Group #Masterplast Plc. #matcha #Mateco-Hungary Ltd. #Matei I. Hoffmann #Mátészalka #Mathematics #Matild Café & Cabaret #Matild Palace #Mátra Hill #Mátranovák #Mátraszentistván #Matriculation exam #Matterhorn #Mátyás Dobó #MÁV Hungarian Railways #MÁV Hungarians Railways #MÁV Symphony Orchestra #mavir #Max Verstappen #Maximilian Hell #McDonald's #meat processing #meatconsumption #meatproducts #Medal table #Medal winner #Media #media content #Media law #Media Markt #mediacontent #MediaMarkt #Medián Institute for Public Opinion and Market Research #Mediaworks #medical devices #medical football team #Medical industry #medical mask #medical testing #Medikémia Plc. #Megarace #mekh #Melanoma #Mellow Mood Hotels #Mélykút #Memorial #Memorial walk #Memorial year #memorialday #memorialyear #Mercedes #Mercedes Benz #mercedes-benz #Mercedes-Benz Manufacturing Hungary Ltd. #merkel #Merlin Entertainments #Merzse marsh #messenger RNA (mRNA) #messenger RNA (mRNA) vaccine #Messer #Metal industry #Metalconstruct #metalfurniture #MetMax Europe #Metoxit AG #Metrans #METRANS Group #metropolitanuniversity #Mexican Embassy in Budapest #Mexico #Mezőkövesd #MFGK Croatia d.o.o. #Michael Ignatieff #Michelin Group #microscope #Middle East #Midsummer night #migrant workers #Migration #Mihály Karkas #Mihály Kolodko #Mihály Munkácsy #Mihály Varga #mihalypatai #Miklós Radnóti #Miklós Rózsa #Miklós Rusvai #Mikulás Dzurinda #mikulasgyar #Military #Millenáris #Millennium Gardens #Millennium generation #Milton Friedman #mindszentgodisa #mine #minimumwage #Minipolisz #Minister for Economic Development #Minister of Agriculture István Nagy #Minister of Defense #Minister of Foreign Affairs and Trade #Minister of Human Capacities #ministerial commissioner #ministernavracsics #Ministry of Foreign Affairs and Trade #Ministry of Foreign Affairs of Japan #Ministry of Human Capacities (EMMI) #Ministry of Innovation and Technology #Ministry of Innovation and Technology (ITM) #Ministry of National Development #Ministry of National Economy #Ministry of Technology and Industry (TIM) #Ministry of the Interior #Minorities #Miroslav Lajèák #miskolc #Miskolc rally #miskolctapolca #missiles sales #Mithra Pharmaceuticals #Mitt Romney #MNB Bond Funding for Growth Scheme Program #Mobile base station #mobile broadband #mobile wallet #mobilenetwork #Moderna #modernization #modernizationfund #Modine Hungária Gépjárműtechnikai (‘Automotive’) Ltd. #Mogyoród #Mohács #Moholy-Nagy University of Art and Design (MOME) #moholynagyuniversity #mol #MOL Group #MOL Hygi #MOL Petrolkémia #MOL Plc. #molcampus #molgroup #MOM Park #MOME Mobility Design Lab #Monetary Council #Monetary policy #Money Museum #moneymuseum #monkeypox #MONO-Ipolyfabric #Monostor Bridge #Monterrey #Montgomery in Wales #Moody's #Mórahalom #morahalom #moramuseum #Móric Benyovszky #Mortgage #mortgage lending #mortgage market #Mosonmagyaróvár #Motion picture #motoGP #Motor-Classic Plc. #Motorcycle #motorsports #Motorway #Mountaineering #Movement restrictions #movie #Movie production #movies #mRNA-based vaccine #Műcsarnok (‘Art Hall’) #mujegpalya #Multi-day visitors #Municipal elections #Municipality #Municipality of Budapest #mural #museum #Museum of Ethnography #Museum of Fine Arts #Museum of Fine Arts Budapest #museumofethnographybudapest #museumofnaturalhistory #Museums #Music #Music in the Forest - Mátra Art Days #musical #muszertechnika #MVM Group
    #NABI #Nádasdladány #Nádasdy Mansion #nadasdycastle #Nagorno-Karabakh #Nagykanizsa #Nagykunsági szilvapálinka #Nancy Pelosi #Nándor Kilián #Nándor Wagner #Nanushka #Napi.hu #Narrow gauge railway #natasastork #Nathan Sawaya #National Academy of Sciences (NAS) #National Ambulance Service (OMSZ) #National Association of Construction Contractors (ÉVOSZ) #National Association of Facilities Management and Building Services Providers (LEO) #National Association of Hungarian Artists (MAOE) #National Association of Hungarian Journalists (MÚOSZ) #National Association of Television Program Executives (NATPE) #National Association of Voluntary Funds (ÖPOSZ) #National Bank of Hungary (MNB) #National census #National Center for Public Health #National Center for Public Health (NNK) #National Council of Wine Communities (HNT) #National day #National day of mourning #National Deposit Insurance Fund (OBA) #National development #National Energy and Climate Plan #National Federation of Hungarian Building Contractors (ÉVOSZ) #National Film Institute (NFI) #national flag #National Food Chain Safety Office (NÉBIH) #National Geographic #national holiday #National Infocommunication Strategy #National Institute of Pharmacy and Nutrition (OGYEI) #National Media and Infocommunications Authority (NMHH) #National Medical Officer Cecília Müller #National Meteorological Service #National Meteorological Service (OMSZ) #National Nank of Hungary (MNB) #national parks #National Police Headquarters (ORFK) #National Public Health Center (NNK) #National Public Service University (NKE) #National Residential Property Price Index #National Theatre Budapest #National Waterways Directorate (OVF) #nationalanthem #nationalbankofhungary #nationalbudget #nationalcenterforpublichealth #nationalchamberofagriculture #nationalday #nationalpark #nationalpoliceheadquarters #nationalpublichealthcenter #nationalpublichealthofficer #nationalszechenyilibrary #NATO #NATO Run #NATPE #NATPE BUDAPEST 2022 #NATPE Budapest International #natural decease #Natural decrease #natural gas #Natural gas supply #naturaldecrease #naturalgas #nature #nature conservation #Naturland Holding #Naturtex #Nazism #negativebusinessclimate #nelsongroup #Nemak Győr Alumíniumöntöde Ltd. #Nemesvámos #Nemzeti Vágta (National Gallop) #NEO Property Services #Neopaint Works #neopropertyservices #Nespresso #Nestlé #Nestlé Hungária #nestlehungaria #Net Mobilitás Plc. #Net Zero Advisory Board #net zero emissions target #Netherlands-Hungarian Chamber of Commerce in Budapest (Dutcham) #Netlife Consulting #Netpincér #networking #netzerocommitments #neueklasse #Neutrik Group #New coronavirus fatalities #New coronavirus infection #new global economic structure #New Széchenyi Plan #New Year's Eve #New Year's greetings #New York JFK airport #New Zealand #newcars #newcoronavirus #newcoronavirusfatalities #newcoronavirusinfection #newyearspeech #newyorkfilmweek #NFL #NGOs #niagarafalls #Nice LMS Hungary #Nicholas Sarkozy #Nick Kós #Niclas Trouvé #Nicolás Muller #Nicolas Sarkozy #nightoficerinks #Nikolett Blaskó #Nikos Zois #Nilfisk #Nine-arch bridge #NIO Power Europe Ltd. #NIO Power Swap Station #