Since its creation a hundred years ago, the National Bank of Hungary (MNB) has issued two types of currency in the form of banknotes and coins: the pengő, which has had a short but memorable life of just twenty years, and the forint, which is still in use today. Both have been repeatedly renewed, sometimes […]

Hungarian business leaders say they do not want a strong or weak exchange rate, but stability, according to an analysis by the financial news site portfolio.hu. The exchange rate of the Hungarian currency, the forint (HUF) against major currencies like the euro or the US dollar has been helped by high interest rates, but business […]

The Hungarian forint (HUF) has moved within a wide range this year, with a gap of around HUF 80 between the strongest and weakest levels against the euro: gaining momentum from the HUF 370 level at the beginning of the year to move close to HUF 350, while in October the common European currency was […]

The majority of large companies' managers expect the Hungarian currency, the forint to weaken further until the summer, with almost all of them adversely affected by the exchange rate change, K&H Bank told the state news agency MTI on Thursday. According to their survey, 65% of respondents expect a weaker forint in the next six […]