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Tájékozódjon eseményeinkről 6 iparágban: Offline és Online konferenciák
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Forint: mirage vs market reality

Date: 29th March 2005  

Location: Hilton Budapest Westend

Topics

Our speakers among others

speaker image
Bartha Attila

Kopint-Datorg
speaker image
Bogsch Erik
Chairman
Richter Gedeon NyRt.
speaker image
Lars Christensen

Danske Bank
speaker image
Draskovics Tibor
partner
PricewaterhouseCoopers
speaker image
Duronelly Péter CFA
Senior Portfolio Manager
Aegon Magyarország Befektetési Alapkezelő Zrt.
speaker image
Hamecz István
elnök-vezérigazgató
OTP Alapkezelő
speaker image
Heim Péter
elnök-vezérigazgató
AEGON Magyarország Befektetési Alapkezelő Zrt.
speaker image
Kovács Álmos
helyettes államtitkár
PM

Why you should come?

Significant balance problems arose in the Hungarian economy in the past few years. A long-awaited reform of the public sector has not started yet and the Hungarian economy increasingly resorts to external capital. The forint’s exchange rate was fairly strong in the past few months despite the fundamental economic problems. However, as the currency’s strength lacked stable fundamentals, a rather uncertain situation started to take shape. A large part of the market expects the Hungarian currency to weaken significantly and the first waves of corrections might be felt already at the beginning of the year. The relatively small size of the forint market also makes it vulnerable, with global financial trends and changes in sentiment affecting the currency strongly. An increased volatility of international currency markets and globally rising interest rate levels may significantly affect the position of emerging market currencies.

Our Sponsors

Partner

Deloitte Zrt.

Sponsor

SAP
)

Let’s watch out for each other!

Please follow our safety instructions

  • Please keep 1,5 m distance from others!
  • Wash your hands often and thoroughly!
  • Please use the provided hand sanitizer!
  • Cover your cough or sneeze with a tissue, then throw it out and wash your hands!
  • Avoid handshakes, greet with elbow bumps!
  • It is mandatory to wear a mask during the conference!

Thank you for your cooperation!

Let’s be safe together!

We are looking out for you!

We ensure maximum safety of our events!

  • The number of attendees at our events are limited
  • Ozone air disinfection method is used in conference rooms
  • Disinfection and air purifier machine is operated during the whole day
  • Contactless, safe entry is guaranteed by QR code
  • Body temperature is checked with thermal imaging camera at entrance
  • Staff and hostesses are wearing masks and working in gloves at all times
  • Hand sanitizer and masks are provided for our attendees
  • Seating arrangements made with the appropriate distance
Significant balance problems arose in the Hungarian economy in the past few years. A long-awaited reform of the public sector has not started yet and the Hungarian economy increasingly resorts to external capital. The forint’s exchange rate was fairly strong in the past few months despite the fundamental economic problems. However, as the currency’s strength lacked stable fundamentals, a rather uncertain situation started to take shape. A large part of the market expects the Hungarian currency to weaken significantly and the first waves of corrections might be felt already at the beginning of the year. The relatively small size of the forint market also makes it vulnerable, with global financial trends and changes in sentiment affecting the currency strongly. An increased volatility of international currency markets and globally rising interest rate levels may significantly affect the position of emerging market currencies.

The Hungarian population and business sector are indebted to an ever greater extent in foreign currencies. A strengthening of the forint could, therefore, reduce not only the forint value of export revenues but it can also make financing cheaper. However, one has to see the dark side of this process, which is the fact that burdens of foreign currency denominated debt may also increase substantially. When a company is preparing a business plan or a household is about to choose a type of housing loan, they should be familiar not just with their opportunities but the potential risks, as well. Regional investments of Hungarian institutional and retail investors are becoming increasingly significant because of the limited size of the domestic market, and they have to focus more and more on forint and foreign currency risks when planning ahead.
Our conference wishes to provide help in this to the players of both the financial sector and the real economy.

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Portfolio.hu Forint conference

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