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HUF exchange rate

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National Bank Raises Prime Interest Rate again

D&T
Jul 26, 2022

This Tuesday, the National Bank of Hungary (MNB) raised its base rate by one percentage point, bringing the base rate, which is again the benchmark rate, from 9.75% to 10.75%. The last time the interest rate was this high was in late 2008, during the height of the global financial crisis, when it was cut […]

Hungarian Forint: Another Negative Record vs. the Euro

D&T
Jul 5, 2022

The common European currency, the Euro crossed the HUF 409 mark on Tuesday afternoon, setting a new record. At the same time, the Euro also reached a new low against the US currency, which was at HUF 398 forints to the dollar at one point, the popular news site telex.hu reports. On June 13, the […]

Industrial Producer Prices Up by 32.3% in Hungary

D&T
Jun 30, 2022

Industrial producer prices increased by 32.3% on average in May 2022 compared to one year earlier. Domestic output prices were higher by 43.3%, non-domestic output prices grew by 26.7%, Hungary's Central Statistical Office reports. The rate of increase of prices was influenced principally by the hike in base material and energy prices and by the […]

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