Forint reaches new low against euro
The forint slipped as far as 340.69 against the euro - a new historical low - shortly after 9:00 am today, before edging up again, according to a report by state news wire MTI.
The forint traded at 339.65 to the euro at 10:00 a.m. on Fridayʼs interbank market, down from 338.75 late Thursday.
The forint traded at 307.88 to the dollar, firming from 308.77.
It was quoted at 319.55 to the Swiss franc, compared to 317.85 earlier.
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.