Tag: forint

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ANALYST VIEW - Should we expect fakes and faints in next MNB bout?

March 12, 2019, 2:08 pm
Over the last few years, the National Bank of Hungary (MNB) has surprised investors several times by sticking to its loose monetary policy stance, and that it was ready to loosen further even when no one... 

Are you surprised by the forint rally? It may be just the beginning!

January 25, 2019, 4:52 pm
Hungary’s forint may be appreciating some more in the coming weeks, as the central bank (NBH) now appears to be accepting the inevitable, namely that it will need to start monetary tightening sooner... 

Euro in Hungary, Paks II cancelled - Portfolio's list of potential black swans

January 14, 2019, 5:16 pm
Numerous economists have published their estimates and projections for 2019 at the end of 2018 and early this year, and some of the prognoses were quite shocking. We at Portfolio have also given thought... 

Here comes Hungary's new 500-forint banknote

December 17, 2018, 3:24 pm
New 500-forint bills will be put into circulation in Hungary on 1 February 2019, and the old banknotes may be used for payment until 31 October next year, the central bank (MNB) announced on Monday. ... 

Hungary forint seen depreciating markedly in 2019 - analysts

December 5, 2018, 9:08 am
Hungary’s forint was found to be the second riskiest Emerging Market currency in November, up from the sixth spot in October in Nordea Bank’s ranking of 33 EM currencies, i.e. the Danish bank... 

Cenbank or Moody's could nudge Hungary's forint out of lull

November 19, 2018, 8:37 am
We should not expect much excitement on the forint’s market at the start of the week, as the central bank’s policy meeting on Tuesday is unlikely to deliver any surprise. Moody’s last... 

One more day to spend your old 1,000 forint bills in Hungary

October 30, 2018, 3:48 pm
The last day to pay with the old 1,000 forint bills issued before 2017 is 31 October when the National Bank of Hungary (MNB) will withdraw them for circulation, the bank announced on Tuesday. As of... 

Hungary forint turns back from 1.5-month high versus euro

October 3, 2018, 9:41 am
As tensions about Italy’s budget have eased, Hungary’s forint strengthened against the euro on Wednesday morning, and breached two key technical barriers, although it did give back some of... 

Hungary forint teetering towards 325 vs. euro again

September 24, 2018, 8:50 am
Hungary’s forint started Monday flat versus the euro, close to 325. HUF strengthening in the first half of last week proved to be short-lived. In the meantime, the USD is trying to correct is recent... 

Hungary forint approaching a brick wall

September 14, 2018, 10:35 am
Hungary’s forint was flat against the euro on Friday morning, starting the day at around 324. In the meantime, the euro has settled down a bit after yesterday’s sharp firming that was triggered... 

Hungary forint spooked yesterday - Which way to go from here?

September 13, 2018, 8:35 am
Hungary’s forint weakened in wake of the European Parliament’s decision on Wednesday to adopt a report accusing Hungary of several breaches of the EU’s core values. By the evening, though... 

HUF could hit all-time low versus euro after Hungary censure motion passes

September 12, 2018, 5:24 pm
After the abrupt weakening of the Hungarian currency, sentiment could easily turn negative on the forint market now that the European Parliament adopted the Sargentini Report saying Hungary is posing... 

Hungary forint starts day at 325 versus euro

September 12, 2018, 8:46 am
Hungary’s forint started trading on Wednesday around 325 versus the euro, while the US dollar crossed south of 1.16 against the single European currency. Emerging markets are relatively calm, even... 

Hungary forint remains unfazed by inflation data

September 11, 2018, 9:11 am
Hungary’s forint started the day by moderate appreciation and it is currently quoted at 324.5 against the euro. Further direction for the HUF may be affected by the upcoming inflation data. Meanwhile... 

Hungary forint suddenly gains strength, gets close to 326 vs. EUR

August 31, 2018, 10:13 am
Turkey’s lira has firmed markedly on Friday morning, which also helped Hungary’s forint a bit and the last technical barrier before 330 stopped the HUF versus the euro. HUF takes a sharp... 

USD weakens, Hungary's forint appreciates

August 24, 2018, 8:55 am
Hungary’s forint firmed slightly versus the euro after opening on Friday morning, while the euro started to appreciate against the US dollar again. Investors are now focusing mostly on the annual... 

Hungary forint sell-off continues - Is it headed towards 330 vs. euro again?

August 23, 2018, 10:16 am
Hungary’s forint eased versus the euro on Thursday morning, and Turkey’s lira also shed 1% against the USD. Forint keeps on tumbling, approaches 325 to euro - 10:06 The forint has weakened... 

Hungary's forint remains unaffected by cenbank policy meeting

August 22, 2018, 11:16 am
The Hungarian central bank’s (MNB) in-line rate decision has hardly had any impact on the forint, and EUR/HUF remains around 323-324. The US dollar has settled down after some depreciation on Tuesday... 

Hungary to cut public administration 15 to 20%

August 14, 2018, 12:43 pm
The government of Hungary is planning to reduce headcount in the public administration from the current 14,000, with an estimated 15 to 20% of jobs on the line, Gergely Gulyás, head of the Prime Minister's... 

Hungary's forint gets stuck above 320 versus euro

August 6, 2018, 4:05 pm
Hungary’s forint reached its strongest level of the last 1.5 months when it crossed south of 320 last Friday and its started Monday’s session there, but it was dragged down by gloomier emerging... 
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