Forint weakens on interbank market

Competition

The forint weakened on Friday morning's interbank market, trading at 274.57 to the euro at 10:30 a.m., compared to a rate of 272.99 at 5:45 p.m. on Thursday.

Dealers attribute the forint's weakening to global market-factors, notably those connected to the euro's weakening against both the dollar and the Swiss franc.

The forint also weakened against the Swiss franc and the US dollar on Friday morning, trading at 245.66 to the CHF and 192.90 to the dollar at 10:30 a.m., compared to rates of 240.46 and 191.41, respectively, at 5:45 p.m. and Thursday.

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.

Support the BBJ

Startups