• 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

Forint Hits 18-Month High

• 20 Nov 2025 6:45 AM

By early Wednesday evening, the euro's exchange rate approached 381 Forints, marking an 18-month high for the Hungarian currency. The euro stood above 384 Forints on Wednesday morning, but the Forint began to strengthen steadily from 11 AM, with the rate falling below 381.7 Forints just before 7 PM.



Analysis: National Bank of Hungary Holds Key Base Rate Steady at 6.50%

• 19 Nov 2025 7:42 AM

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 on Tuesday.



Budapest Fights Back Against Gov't: Sues for Return of Billion-Forint Payment

• 7 Nov 2025 7:41 AM

The Budapest city government is filing a compensation lawsuit to recover 28 billion forints (EUR 70m) "collected unlawfully" as solidarity contribution, plus interest, after the Supreme Court ruled in favour of the capital on Thursday in the case concerning the year 2023, Gergely Karacsony, the mayor of Budapest, told a press conference.



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.