ADVERTISEMENT

Forint firms on Swiss National Bank intervention

Competition

The forint firmed sharply on Tuesday after the Swiss National Bank announced it would intervene against the overvalued franc. The forint traded at 230.81 against the Swiss franc late Tuesday, firming from 251.91 late Monday after the Swiss National Bank said it set an exchange rate target of CHF 1.20 to the euro. 

The forint traded at 277.68 to the euro late Tuesday, strengthening from 278.50 on Monday. The forint weakened to 198.15 from 197.47 against the dollar. On the secondary market for government securities, benchmark yields were down 18-32bp for terms over a year.

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.