The forint has plummeted to a new low, never given so much for a single dollar

dollar; euro; forint; lows; weakening;

2022-05-12 22:10:00

In contrast to the US currency, the Hungarian currency almost reached a historic low, with a dollar already quoted above HUF 370.

On Thursday, the forint continues to weaken against both the euro and the dollar, with the latter quoting a historic low after seven o’clock in the evening, the Portfolioemphasizing that the dollar is also taking important levels, approaching parity with the euro.

It was noted that a dollar cost 360 forints in the morning, and by evening the quotations were over 370, the difference was 10 units, while not only the forint weakens against the euro (the exchange rate was more than 382 forints), but the dollar is also strengthening.

Equilor fund manager wrote in its analysis of the foreign exchange market on Thursday morning that it expects the rate of interest rate hike to be 50 basis points instead of the previous 100 basis points at its next meeting on 31 May.

Source: N├ępszava by

*The article has been translated based on the content of N├ępszava by If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!