The Hungarian forint gained today as the central bank started meeting with commercial lenders to discuss plans to encourage loans and spur economic growth as a result.
Hungarian Forint HUF
Detailed information and fundamental factors
Central Bank: Magyar Nemzeti Bank
Interest Rate: 4.75%
Public Debt to GDP Ratio, 2011: 80.6%
Trade Balance, 2011: $9.2 bln.
Inflation, 2011: 3.9%
Supporting Factors
High-yielding interest rates
medium
Factors of Weakness
Dependence on the eurozone
Fiscal irresponsibility
weak
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
Forint Climbs as Central Bank Discusses Methods to Spur Growth
April 08th, 2013 at 15:08
Hungarian Forint
HUF Drops as MNB Plans Expanding Foreign-Exchange Reserves
March 04th, 2013 at 10:44
Hungarian Forint
The Hungarian forint dropped today on signs that the nation’s central bank will expand its foreign-currency reserves as a way to boost the economy.
Forint Hurt by Hungary’s GDP & CPI
February 14th, 2013 at 14:29
Hungarian Forint
The Hungarian forint fell today as worsening recession of the country’s economy and slowing inflation made traders speculate about an interest rate cut in the near future.
Forint Declines with Drop of Industrial Production
January 08th, 2013 at 16:59
Hungarian Forint
The Hungarian forint fell today as nation’s industrial production declined, spurring speculations that the central bank will continue its policy of monetary easing.
Forint in Danger from Interest Rate Cut
November 27th, 2012 at 13:32
Hungarian Forint
The Hungarian forint strengthened today, but may yet retreat as the nation’s central bank lowered its main interest rate amid fears of recession in the European Union.
Forint Suffers from Bad German Data
July 31st, 2012 at 23:03
Hungarian Forint
The Hungarian forint fell today as negative macroeconomic data from Germany scared investors and made them reluctant to buy risky assets.
Forint Loses Gains, Still Heads for Third Weekly Advance
June 22nd, 2012 at 15:48
Hungarian Forint
The Hungarian forint climbed today, before trimming its gains, as the government may remove a legislative obstacle that prevented talks about a bailout. The currency pulled back after the initial gains, but recovered and headed for a third straight weekly advance.
Forint Gains as Europe Strengthens Firewall Against Crisis
March 30th, 2012 at 19:56
Hungarian Forint
The Hungarian forint gained today after European finance ministers agreed to boost the bailout fund, leading to hope that Hungary may be able to resolve its debt problems.
Forint Drops to Almost Three-Year Low
January 04th, 2012 at 14:21
Hungarian Forint
The Hungarian forint sank today to the lowest level in almost three years on concerns that Hungary won’t receive a bailout from the European Union and the International Monetary Fund in the near future.
Forint Goes Lower as Borrowing Costs Rise
December 29th, 2011 at 19:29
Hungarian Forint
The Hungarian forint declined today, though it currently attempts to regain strength, as the result of the debt auction wasn’t favorable and the rating agencies downgraded the nation’s credit rating.
