• Home
• Channel: Finance
• Hungarian Forint Reaches Record Low

Hungarian Forint Reaches Record Low

• 24 Jan 2020 8:00 AM
• Hungary Around the Clock

The forint hit its weakest position ever against the euro at Ft 327.26 on Thursday, losing 0.2% over the previous day.

Analysts at French bank Société Generale forecast that the forint will eventually weaken to Ft 350 per euro, the first bank to make such a prediction. Portfolio underlines that this forecast could increase pressure to sell the forint.

On Monday, the MNB did not accept any bids on its foreign exchange swap, decreasing the supply of the forint which helped it to gain some strength at the beginning of the week. Portfolio added that Thursday’s dip in value could push the MNB into further intervention.

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Forint Record Low

XpatLoop Media Partner

Hungary Around the Clock

Since 1995 Hungary Around the Clock has proven to be one of the most comprehensive sources of daily English-language news about Hungary. It covers ongoing domestic politics and foreign relations, as well as business and economic matters. For a free trial of HATC visit www.hatc.hu and click on 'Free Trial Subscription’.

Explore More Reports

Opinion: Speculation About Hungary’s Economic Outlook

• 2 Nov 2022 8:38 AM

Left-wing and liberal analysts blame the government and the National Bank for the high price Hungarians are paying to regain the trust of the markets. A pro-government pundit is optimistic that Hungary can avoid recession – despite the global economic crisis.



Forint Strengthens After New Base Rate Hike Up to 9.75%

• 13 Jul 2022 10:52 AM

The forint strengthened to around 410.30 to the euro shortly after the central bank raised the base rate by 200 basis points on Tuesday.



Forint Hit New Historic Low at 403 to Euro

• 15 Jun 2022 3:50 PM

After hitting 400 on Monday in the foreign exchange market, the forint-euro exchange rate set another record low on Tuesday, reported Magyar Hang.