Euro Hungarian forint exchange rate and key currency summary – 11 September 2025
The Hungarian forint continues to strengthen day by day, reaching a two-year high against the US dollar. At the same time, it remains just below the 392-forint-per-euro mark, showing resilience in the face of euro fluctuations.
Here is today’s forint currency exchange data:
| Currency | Exchange rate (HUF per unit) |
|---|---|
| EUR | 391.5 |
| USD | 333.58 |
| GBP | 453 |
| CHF | 419.1 |
| CNY | 46.89 |
According to Portfolio, the Hungarian forint has reached a two-year high against the US dollar. At the same time, the forint has been steadily strengthening against the euro for several months, surpassing HUF 408 per euro back in mid-April.
The Hungarian news outlet attributes this resilience primarily to the Hungarian National Bank‘s monetary policy. The central bank has signalled its intention to keep the base rate steady, creating a favourable environment for investors. As a result, forint-denominated assets have become increasingly attractive in the current market climate.
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Policy makers voted unanimously to keep rates on hold at August meeting
Members of the Monetary Council of the National Bank of Hungary (NBH) voted unanimously to keep the central bank base rate on hold at 6.50pc at a monthly policy meeting in August, the minutes from the meeting released on Wednesday show.
The minutes of the meeting on 26 August show that the policy makers discussed a single option and took the decision to leave the base rate unchanged in line with the central bank’s stability-oriented approach. “In the Council members’ assessment, maintaining tight monetary conditions was warranted,” according to the minutes.
Discussing the proposal to keep the base rate on hold, the Council acknowledged the decline in annual inflation of tradables as a positive development, but stressed that the price dynamics of market services had remained high. The members agreed that upward risks persisted.
Key risk factor identified
A comprehensive evaluation of the effect of incoming data that could affect the inflation path will be made in the NBH’s next quarterly Inflation Report, in September, the minutes said.
Council members agreed that household inflation expectation, identified as a key risk factor in the June Inflation Report, remained “significantly higher” than the level consistent with price stability.
The Council was unanimous in its view that “special attention” had to be paid to the development of the external balance. They also said the stability of the foreign exchange market was “of particular importance” for achieving the inflation target and maintaining financial market stability.
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Featured image: depositphotos.com