• Home
• Channel: Finance
• Forint Sinks To New Record Low

Forint Sinks To New Record Low

• 28 Jun 2018 7:57 AM
• Hungary Around the Clock

The forint traded at more than 328 per euro on Wednesday afternoon, reaching its weakest level to date.

Analysts are revising their forint forecasts, as fewer and fewer of them believe that the currency will start strengthening before it sinks to 330 per euro, Portfolio reports.

The forint has lost 2.3% of its value against the euro over the last week and more than 5% since the beginning of the year. Meanwhile, the Polish zloty dropped by only 2.3% this year and the Czech crown has strengthened by 2%.

The forint’s previous record low against the euro of 327.6 was reached in January 2015.

MTI Photo: Kollányi Péter

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

• Forint Euro Currency

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 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.



Moody's Takes Actions on Four Hungarian Banks

• 6 Dec 2024 4:56 PM

Moody's Ratings on Thursday took rating actions on four Hungarian banks, reflecting the change to negative from stable of the outlook on Hungary's Baa2 sovereign rating.



Watch: Is Hungary the Sick Man of Europe?

• 5 Dec 2024 6:06 AM

By all accounts, the Hungarian economy is not doing well, according to this video by TVP World - Poland's first English-language channel. 



Why Forint Hit Two-Year Low Against Dollar

• 25 Nov 2024 6:57 AM

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