• Coronavirus in Hungary
  • Budapest
  • Hungary border control
  • HelloMagyar
EnglishFrenchGermanSpanish
EnglishFrenchGermanSpanish
The good days did not last long: the weakening of the Hungarian forintThe good days did not last long: the weakening of the Hungarian forintThe good days did not last long: the weakening of the Hungarian forintThe good days did not last long: the weakening of the Hungarian forint
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Breaking News
  • Acquisition closed: Vodafone to disappear from Hungary

Support us
Hetzmann Mercédesz Hetzmann Mercédesz · 03/01/2023
· Business

The good days did not last long: the weakening of the Hungarian forint

currency exchange euro forint Hungary money

The Hungarian forint was doing extremely well in the last few days of 2022. The dollar went as low as HUF 372 and one euro even cost HUF 398. However, the new reality is different.

The forint started Tuesday weakening against the leading currencies. It fell from around 402 against the euro in the early hours to 404. The depreciation against the dollar was even greater.

9.18 AM

According to Portfolio, the forint weakened against the leading currencies in the morning. The euro/forint exchange rate was close to 403.5 from 402 in the morning. The domestic currency fell 0.5 percent against the euro this morning.

The fall against the dollar is even bigger: the USD/HUF exchange rate fell from 378 to 381. It has already lost more than 1 percent against the dollar.

  • Read also: Hungarian government created a large deficit

9.26 AM

The forint fell further before half past nine. The EUR/HUF exchange rate was at 404.2, down nearly 0.7 percent intraday for the forint. The USD/HUF was hovering above 382, down 1.4 percent.

12.01 PM

At noon, the forint climbed to 403 against the euro, but it was still 0.4 percent weaker than yesterday. However, the forint continued to weaken against the dollar, with the rate now at 383, down 1.7 percent.

Much of the weakening is linked to the strengthening of the dollar, Portfolio writes. The American currency has moved towards parity against the euro.

Exam ELTE Hungary university
Read alsoDrastic changes in Hungarian higher education: being a university student has never been so easy

Source: Portfolio.hu

currency exchange euro forint Hungary money
Share
Hetzmann Mercédesz
Hetzmann Mercédesz

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.


Thank you!

You have successfully joined our subscriber list.


.

Latest news
  • COVID: here are the latest data from Hungary
  • New streaming service provider arrives in Hungary
  • Acquisition closed: Vodafone to disappear from Hungary
  • VIDEO: the “Eislingen rapist” caught in Budapest
  • Nobody thought this could happen in Hungary’s property market
  • Hungarian civil servants say they cannot make ends meet
  • Ukraine furious over PM Orbán’s “disparaging” comments – here is what they did
  • What happened today in Hungary? – 31 January, 2023

About us

Contact us

Copyright rules

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V