• Home
• Channel: Finance
• Banks Expect Hungarian Forint To Depreciate

Banks Expect Hungarian Forint To Depreciate

• 6 Dec 2018 8:44 AM
• Hungary Around the Clock

Nordea Bank has ranked the forint as the world’s second most vulnerable currency after the Brazilian real, in its November list ranking 33 currencies.

The forint rose from sixth position a month earlier because the Scandinavian bank sees a high risk of forint devaluation due to the abundant money supply and accelerating inflation in Hungary.

In its global market review released on Wednesday, Société Générale forecast that the forint will weaken to Ft 340 per euro by the end of next year.

Global investment bank JP Morgan recently projected the forint to fall to Ft 344.5 per euro next year.

MTI Photo: Beliczay László

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

• HUF Hungarian Forint Inflation 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 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.



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.