The Hungarian currency, the forint fell to an all-time low value against the euro as the exchange rate exceeded HUF 400 for one euro. The Hungarian currency also sank to a historic low against the US dollar on Monday. Analysts expect further deterioration in the value of the forint. "On Friday, the euro/forint exchange rate […]
The Hungarian currency, the forint (HUF) weakened steadily on Monday, with the euro at HUF 388.19 at dawn and crossing HUF 390 by the morning. The weakening did not stop thereafter, with negative records being broken one after the other, reaching the HUF 399 mark a few minutes before 10 am. This is how the […]
Russia’s invasion of Ukraine sent markets in the region into a whirlwind and pushed the Hungarian forint to a record low against the euro this week. The National Bank of Hungary said it would take the necessary measures to contain the impact of the Ukrainian conflict on financial markets. International market sentiment sank this week […]
The Hungarian currency, the forint weakened to unprecedented levels, first to 375 forints and then to 379 forints against the euro this Tuesday. According to Lajos Török, senior analyst at Equilor, two pieces of news in particular could have played a role, Hungary's greater involvement in the conflict, supporting Ukraine's EU membership, and the contradictory […]
The Hungarian forint (HUF) weakened in 2021: by 1.3% against the euro (EUR), 9.3% against the American dollar (USD) and 6.0% against the Swiss franc (CHF). On December 31, the forint ended the year at 368.87 forints against the euro and 324.48 forints against the American dollar, while the Swiss franc stood at 355.55 forints. […]
Record weak forint puts Hungarian central bank in tight spotThe Hungarian forint weakened to a record level against the euro this week and Hungarian government bond yields jumped amid a souring of international market sentiment and a surge in COVID-19 cases. The central bank raised the interest rate on its one-week deposit facility in an […]
Despite the National Bank of Hungary (MNB) raising the policy rate by a total of 70 basis points in two steps last week, the Hungarian forint (HUF) fell to a new historic low against the common European currency (EUR) on Monday morning. In one day, the euro exchange rate broke through the psychological barrier of […]
It was on August 1, 1946 that the National Bank of Hungary introduced a new currency, the Forint. The move came as after World War II, Hungary experienced the largest inflation to that date in world history. The new currency was issued to deal with a situation that had become unmanageable. Seventy-five is not a […]
The Hungarian currency set out on a strengthening path in the first week of 2021 as optimism that vaccinations will curb the pandemic and Democrats’ Senate election gains in the U.S. boosted international investor sentiment. The forint reached its strongest level against the USD in 2.5 years on Thursday. The forint appreciated sharply in the […]
The Hungarian currency has been on a weakening path for the past weeks and is trading dangerously close to its weakest ever against the euro, seen in April this year. In addition to unfavorable international sentiment, local supporting factors have also vanished and analysts argue that the forint may set new negative records in the […]
With the intensification of the second wave of the coronavirus and the pricing of local closures spreading again in Europe, the international investor sentiment deteriorated significantly on Monday, which also dragged the Hungarian forint with it after the opening around 360 against the euro. As portfolio.hu reports, already in the morning the forint fell to […]
Hungary’s forint weakened to levels last seen in April as international currency market movements coupled with a record number in COVID-19 infections in Hungary put the forint under pressure. Could a weaker forint be here to stay in the longer run? The Hungarian forint fell to its weakest level since late April on Wednesday, moving […]
Two-thirds of Hungarians support the idea of adopting the euro and replacing the forint as soon as possible, according to a recent poll conducted by Pulzus Research for the news site Napi.hu. However, the reality of the move is small for the time being. To the question, "Would you support the introduction of the euro […]
