Forint at a new low against the dollar

The euro was quoted at 406.75 forints on Monday morning. The dollar was quoted at 423.21 forints, a new low.

The forint weakened against the major currencies in the Interbank foreign exchange market on Monday morning compared to Friday evening. The euro was quoted at 406.75 forints, up from 406.50 forints on Friday evening, while the Swiss franc was quoted at 428.78 forints, compared to 426.93 forints on Friday evening, MTI reported.

Against the dollar, the Hungarian currency weakened sharply to 422.28 forints by 7 a.m. on Monday from 418.83 forints on Friday. The dollar was also quoted at 423.21 forints at dawn on Monday, a new low for the forint.

Compared with a week earlier, the forint is 0.5 percent weaker against the euro, 4.5 percent weaker against the dollar and 2.4 percent weaker against the Swiss franc on Monday morning.

The forint’s performance so far in September is 1.5 percent weaker against the euro, 5.9 percent weaker against the dollar and 5.2 percent weaker against the Swiss franc.

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