The Strengthening of the Forint Stalled at a Ten-Month High
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3 Articles
The exchange rate of the domestic currency strengthened against major currencies on Friday evening compared to morning levels in international currency trading. The exchange rate of the euro, quoted at seven o'clock in the morning, ... ...
The forint hit a 10-month high against the euro and a two-year high against the dollar on Friday morning. Analysts say the domestic currency could strengthen further in the summer months, but the real test will come in the fall.
On Friday morning, the forint was still below 397 against the euro, reaching a level not seen since September last year. The international mood seems to be favorable for the Hungarian currency, but it would be too early to breathe a sigh of relief, as the coming days may still hold surprises, for example, the tariff war.
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