• Home
• Channel: Finance
• Why Forint Hit Two-Year Low Against Dollar

Why Forint Hit Two-Year Low Against Dollar

• 25 Nov 2024 6:57 AM
• Hungary Around the Clock

The forint weakened from Ft 389 per dollar to Ft 392 on Friday, the currency’s weakest level in over two years.

After the US imposed sanctions on Gazprombank on Friday, the dollar strengthened against the euro to under $1.05, which was also reflected in the forint weakening against the American currency, Portfolio writes.

The forint weakened against the euro from Ft 410 to Ft 411 on Friday.

Stock Photo - for illustrative purposes only

*********************************

You're very welcome to comment, discuss and enjoy more stories via our Facebook page: 
Facebook.com/XpatLoopNews + via XpatLoop’s groups: Budapest Expats / Expats Hungary

You can subscribe to our newsletter here: XpatLoop.com/Newsletters

Do you want your business to reach tens of thousands of potential high-value expat customers? Then just contact us here.

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

• Forint Weak Dollar

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

Forint Reaches 18-Month High

• 6 Nov 2025 5:49 AM

The forint exchange rate has been hovering around its strongest level in a year and a half this week, trading near 385.4 against the euro on Wednesday, Portfolio reports.



Forint Flounders After Trump Comments

• 14 Feb 2025 9:33 AM

The forint continued to appreciate against major currencies on Thursday, bolstered by the prospects of peace in Ukraine after US President Donald Trump announced that he had had a telephone conversation with Russian President Vladimir Putin.



Forint Hits Historic Low Against Pound And Two-Year Low Against Euro

• 20 Dec 2024 8:57 AM

The forint fell to a historic low against the pound and a two-year low against the euro on Thursday as investors reacted to Wednesday’s hawkish message from the US Federal Reserve and its signals of fewer rate cuts than expected earlier.



Over 400 Euro: Forint Slips Further

• 4 Oct 2024 7:52 AM

The forint weakened further on Thursday, after slipping past 400 to the euro on Wednesday.