MNB FX swaps to edge up after tender
Image by Jessica Fejos
The stock of fine-tuning FX swaps of the National Bank of Hungary (MNB) will rise to a little over HUF 1,542 billion following a tender on Monday, data released by the central bank show.
The MNB allotted HUF 10 bln of one-month swaps and HUF 10 bln of twelve-month swaps against euros at the tender, state news wire MTI reported.
About HUF 4.7 bln of six-month swaps will mature on April 11, the value date of the tender, thereby raising the total stock by more than HUF 15 bln.
The tender will bring the composition of the stock to HUF 31 bln of one-month, about HUF 24 bln of six-month, and HUF 1,487 bln of twelve-month swaps.
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.