Hungarian forint confuses the masses: Where to from this frozen state?

The Hungarian forint has been doing quite well recently. However, for a few days now, it appears to be frozen and nobody knows which direction it will take next. When it is changing, it is changing only by the smallest bits. On Tuesday morning, the forint exchange rate was mixed. It is not yet possible to say which direction the Hungarian currency will take for the rest of the day.

The Hungarian currency weakened slightly against the euro and the Swiss franc on Tuesday morning compared to Monday evening. One euro was worth HUF 369.41 at 6.30 AM (369.29 at 9 AM), up from HUF 369.01 on Monday. Meanwhile, the Swiss franc rose to HUF 377.88 from HUF 377.64. However, the dollar fell to HUF 342.86 from HUF 343.33, Index reports.

Yesterday, we wrote that no matter what obstacle gets thrown in from of the Hungarian forint, it is still going strong. You can read more about the causes and reasons HERE. Furthermore, on 9 June, the currency strengthened to a one-year high and broke the nearest record: read details HERE.