Hungarian forint to surge higher and higher against the euro and dollar
16 Articles
16 Articles
Hungarian forint to surge higher and higher against the euro and dollar
The Hungarian forint staged a remarkable rally on Tuesday, reaching exchange rate levels not seen for years and surprising even seasoned market observers. After hovering close to 390 against the euro only days earlier, the currency strengthened sharply, briefly pushing the euro below the psychologically important 380 mark and settling around 379 in afternoon trading. Hungarian forint to climb higher and higher Photo: Daily News Hungary As Pénzce…
Central Bank Governor Mihály Varga said that the MNB continues to pursue a cautious, stability-oriented monetary policy.
The MNB has not touched the 6.5 percent interest rate since September 2024.
The exchange rate may be a current issue for many because more and more people are slowly switching to vacations.
The Hungarian currency is under siege at the psychological limit of 380.
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