EUR soon to cost HUF 400 again?
On Tuesday evening, the price of one euro was HUF 396.56. By Wednesday morning, it had risen to HUF 397.81.
The forint also weakened against other major currencies in international trade. The dollar went up from HUF 369.81 to HUF 371.54 and the Swiss franc from HUF 385.79 to HUF 386.34, according to 168.hu.
The forint opened the month of June 5.1 percent weaker against the euro, 3.6 percent weaker against the dollar and 4.9 percent weaker against the Swiss franc than at the start of the previous month,
MTI reports.
Read alsoKSH: state cut back its investments, foreign companies brought their money to Hungary
Source: 168.hu, atv.hu, MTI
The GLOBAL microscope on the ENTIRE landscape of Politics and the weakening under Pressurization – position of the Hungarian Economy – continues NOT to be Missed.
Factual indicators clearly grow in knowing – the Hungarian Economy – is in a Deepening MESS.
“If you don’t succed once,
try try again”.
The currency of Hungary – its turbulant past, that presently is under MASSIVE downward Global devaluation, that ALL componentry clearly indicate the continuation of its “Crumbling” value, which is/will be UGLY.
Could it be a past due date NEED – to SERIOUSLY – looking at the Euro Dollar again in Hungary ???
Don’t at this pressurizational time, the Financial & Economic downward trending of landscape throughout Hungary – dismiss this currency change.
NEVER know – Brussels/European Union – could view it FAVOURABLE and support – its Introduction.