Hungarian forint falls to its lowest this year

The forint continues the slow weakening it has started. Today, it reached its lowest level of the year so far.

The forint continued its slow weakening: on Friday morning, it was 383.5 to the euro, hvg.hu reports. The Hungarian currency has not been at this level in 2024, and the last time it was this weak was the days before Christmas.

The forint was at its highest level so far this year on 9 January, when it was 377.2 to the euro. There has been no dramatic fall since then, but the last few days have seen a slow decline.

One dollar was worth HUF 352.8 this morning, the weakest since mid-December.

There have been a number of news this week that may have investors a little worried. The Hungarian central bank hinted that it may speed up the pace of interest rate cuts. Viktor Orbán said in a radio interview on Friday morning that no further EU conditions are expected to be met, so the rest of EU funds may remain frozen.

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