• Home
• Channel: Finance
• Forint Under Pressure Again

Forint Under Pressure Again

• 15 Oct 2020 9:07 AM
• Hungary Around the Clock

The Hungarian currency shed 2% of its value against the euro this week due to fears of the economic impact of the second wave of the pandemic, HVG reports.

The forint has lost its gains last week, when it strengthened from 361 per euro to 356. By Wednesday night one euro bought Ft 363.4.

Regional currencies are also falling, as new Covid-19 cases are surging in Poland, and the Czech Republic, where new restrictions were imposed. Investors deem these currencies as high-risk assets.

The Hungarian government has made it clear that it wants the economy to function, unlike in the spring when the country went into a lockdown.

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

• Forint

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

Central Bank Base Rate Remains Unchanged in Hungary at 6.50% - Here's Why

• 19 Nov 2024 4:58 PM

The Monetary Council of the National Bank of Hungary (NBH) decided to leave the central bank base rate unchanged at 6.50pc at a monthly policy meeting.



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.



Updated: NBH Sees Inflation Slowing Further in September in Hungary

• 27 Sep 2024 6:00 AM

August's 3.4pc CPI was in line with the National Bank of Hungary's expectations, and the central bank sees inflation falling to 3.1pc in September, Andras Balatoni, an NBH director said.



Budget Deficit in Hungary Now Above HUF 2.6 Billion

• 10 Jul 2024 8:39 AM

Hungary’s cash flow-based budget deficit was 2,656.4 billion forints (EUR 6.8bn) at the end of June, the finance ministry said in a preliminary release of data.