Forint down on interbank market
The forint was trading at 310.57 to the euro late Wednesday on the interbank forex market, down from 308.88 late Tuesday. At 309.15 to the euro early Wednesday, the forint moved between 308.77 and 310.74, a more than one-month low.
While investors nervously waited for the end of Wednesday's government session with the details of next year's conversion of forex loans into forint debts probably on its agenda, the forint was little supported by a surprise no-change decision at the rate setting meeting of Poland's central bank.
The risk premium of the 10-year Hungarian sovereigns narrowed again to the corresponding US treasuries on Wednesday in the secondary market.
The forint traded at 248.73 to the dollar, down from 246.21 late Tuesday. On Wednesday, it moved between 245.99 and 249.33, a close to three-year low. It was quoted at 257.97 to the Swiss franc, down from 256.54 late Tuesday. Its range on Wednesday was 256.44 to 258.27, a more than one-month low.
ADVERTISEMENT
Nagisz Unit Completes HUF 5.9 bln Hog Farm
Nearly 40% of Poles Report Worsening Financial Situation - S...
New Car Registrations in Hungary Fall 10% in August
New Generation Internet Forum 2023 Coming in November
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
