HUF Nears All-Time Low Against Euro

  • 30 Sep 2020 12:15 PM
  • Hungary Around the Clock
HUF Nears All-Time Low Against Euro
The forint exchange rate is hovering only 1% above its all-time weakest position of Ft 369.5 to the euro, reached in the spring, Portfolio observed.

Trading opened at over Ft 366 to the euro but had strengthened slightly to Ft 365.5 by late afternoon.

The koruna meanwhile stagnated as the Czech government introduced a state of emergency on Wednesday.

The zloty strengthened by 1.4%, possibly as a result of the Polish prime minister saying Poland’s GDP drop for 2020 could be less than 3.5% on Monday.

Photo for illustration purposes only

 

  • 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 Pressure Again

    Forint Under Pressure Again

    • 15 Oct 2020 9:07 AM

    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.

  • Forint Weakens To 361 Per Euro

    Forint Weakens To 361 Per Euro

    • 18 Sep 2020 8:21 AM

    The forint weakened to 361.2 per euro on Thursday, as East European currencies lost value, as usually happens when the dollar strengthens, analyst of ING bank Péter Virovácz said.