Forint Hits New Low Against Euro, Down Versus Dollar

  • 27 Nov 2019 6:09 AM
  • Hungary Around the Clock
Forint Hits New Low Against Euro, Down Versus Dollar
The forint weakened against the euro on the interbank market on Tuesday morning to a new record low of 337.2.

The previous record was set in September at 336.3.

Later in the afternoon, the Hungarian currency was trading at 336.1.

The forint also lost ground against the dollar, as one dollar bought Ft 306, up from Ft 305 one day earlier.

Technically, indicators still point to a weakening of the currency, brokerage Equilor wrote in its daily note, adding that the 340 level may be tested.

Photo: BBJ

  • How does this content make you feel?

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 Under 'Strong Speculative Attack'

    Forint Under 'Strong Speculative Attack'

    • 8 Apr 2020 12:36 PM

    Gergely Gulyás, head of the Prime Minister’s Office, has praised Hungary’s central bank for its “excellent” handling of a “strong speculative attack” against the forint, which he said had been the reason behind the weakening of the national currency to record low levels of 360-370 against the euro.

  • Forint Hits Historic Low

    Forint Hits Historic Low

    • 2 Apr 2020 9:04 AM

    The forint started at Ft 362 per euro at trading on Wednesday, already a very weak position, and then went into free fall hitting Ft 369.54 against the euro, a new historic low.