July 31st, 2012

Forint hits high for 2012

The Hungarian currency traded at 279.47 against the euro on the interbank forex market on Monday afternoon.

Earlier in the day, the forint had firmed to 279.23, marking the currency’s strongest position since the beginning of the year, from around 281 on Friday.

On Monday afternoon, the forint traded at 232.65 against the Swiss franc, and at 228.60 against the US dollar.

The forint’s strengthening is attributed to increased market confidence related to positive expectations around Hungary’s talks with the EU/IMF.

  • Tomy

    What positive talks? They have been talking for a year by now and they will keep on talking…nothing will come out of this.

    There is no economic reason for this…they can talk all day and it won’t change one thing.

  • Sceptic

    The strengthening of the forint vs. the euro isn’t that more of a question about troubles in the euro-zone rather than things improving in Hungary?

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