The Hungarian forint fell today after Hungary’s central bank preserved its extremely loose monetary policy and hinted that it can make the policy even more accommodative if it is required.
Hungarian Forint HUF
Detailed information and fundamental factors
Central Bank: Magyar Nemzeti Bank
Public Debt to GDP Ratio, 2015: 76.2%
Trade Balance, 2015: $4.65 bln.
Inflation, 2015: 0.1%
Factors of Weakness
Dependence on the eurozone
The Hungarian forint is the currency of Hungary. The modern forint was introduced in 1946, though currencies with this name were known since Medieval. The Hungarian government has a long term goal to replace the currency with the euro.
Hungarian Forint News Archive
Hungarian Forint Falls After Central Bank’s Policy Meeting
November 29, 2016 at 12:16 Hungarian Forint
The Hungarian forint fell today after the monetary policy meeting of the Magyar Nemzeti Bank (Hungary’s central bank). While the bank decided to keep its central bank base rate unchanged, it reduced some other interest rates.
Hungarian Forint Declines with Foreign Investment
August 31, 2016 at 11:26 Hungarian Forint
The Hungarian forint dropped against the US dollar today as investors were reluctant to bring money into the nation’s economy.
Hungarian Forint Higher vs. Euro After Central Bank Announcement
May 24, 2016 at 20:12 Hungarian Forint
The Hungarian forint gained on the euro and was stable against the US dollar today as Hungary’s central bank signaled about an end to its monetary easing cycle.
Hungarian Forint Down After Surprise Interest Rate Cut
March 23, 2016 at 20:44 Hungarian Forint
The Hungarian forint traded lower today after yesterday’s surprise from the nation’s central bank.
Hungarian Forint Gains vs. Euro, Falls vs. Dollar
September 18, 2015 at 14:34 Hungarian Forint
The Hungarian forint rallied against the euro on speculations that Standard & Poor’s is going to upgrade the outlook for the nation’s credit rating (though it has basically lost its gains as of now). The currency also attempted to rally versus the US dollar but failed.
Forint Gains as Hungarian Central Bank Keeps Rates Stable
October 29, 2014 at 5:57 Hungarian Forint
The Hungarian forint strengthened yesterday after the nation’s central bank left interest rates unchanged, a move expected by market analysts, and pledged to keep monetary policy stable for as long as it can.
Hungarian Forint Rises as Central Bank Ends Interest Rate Cut Cycle
July 23, 2014 at 17:15 Hungarian Forint
The Hungarian forint advanced today after yesterday’s monetary policy meeting of the nation’s central bank. While the bank cut its main interest rate more than was expected, it also announced an end to the longest cycle of interest rate cuts in Europe.
Forint Drops as Hungarian Central Bank Cuts Main Interest Rate
May 27, 2014 at 16:27 Hungarian Forint
The Hungarian forint declined today after the nation’s central bank lowered its main interest rate for 22nd consecutive month, extending the longest monetary-loosening cycle in Europe, and signaled that additional rate cuts are likely.
Hungarian Central Bank Slashes Main Rate, Forint Retains Appeal
April 29, 2014 at 20:40 Hungarian Forint
The Hungarian forint advanced today even after the nation’s central bank reduced its main interest rate. The bank was not particularly pessimistic despite the interest rate cut, helping the currency to retain its appeal.