The Forint Hits Another Peak, the Hungarian Currency Has Not Been This Strong in Four Years
3 Articles
3 Articles
The Hungarian forint gained new strength on Thursday morning and started to strengthen spectacularly, setting a four-year high. At the time of writing, one euro was trading at 357.1 forints on the interbank foreign exchange market, after the previous day the exchange rate was still around 358.4. Two factors play a prominent role in the current strengthening. On the one hand, news and information about the war in Iran and a possible imminent peac…
After sixteen years of Orbán rule, a new prime minister will take office in Hungary at the beginning of May. The two-thirds electoral victory of the Tisza Party was accompanied by a spectacular strengthening of the forint: the Hungarian currency not only recovered the losses after the outbreak of the Iran war, but also strengthened to levels close to those of early 2022, improving by more than 10 percent compared to its March low, writes the fin…
The forint exchange rate is approaching the level it was on the day before the Russian-Ukrainian war.
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