Hungarian forint is in a slump again: euro has risen by 30 forints in a month

There is nothing new under the sun: the forint woke up to a bad day today. The Hungarian currency started Wednesday morning at a historic low. This now means than just within one month, the euro has risen by 30 forints!

The forint weakened against the major currencies on the interbank market early on Wednesday morning compared to Tuesday evening. It reached a historic low against the dollar, MTI reports. The dollar appreciated from 441.27 forints to 442.49 forints. About two hours earlier, it was at a historic high of 443.83 forints.

The euro strengthened to 429.83 forints at 6.30 AM from 429.65 forints on Monday. The Swiss franc rose to 444.15 from 443.31 forints, 24.hu reports.

The forint hit an all-time low against the euro on Tuesday and again against the dollar on Wednesday.

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Source: MTI, 24.hu