Forint strengthens sharply to Swiss franc following establishment of CHF-EUR rate target
The forint strengthened sharply against the Swiss franc on Tuesday morning's interbank market after the Swiss National Bank announced that it has set an exchange-rate target at 1.20 francs to the euro.
The forint traded at 229.59 to the CHF at 10:20 a.m., compared to a rate of 251.91 at around 4:00 p.m. on Monday.
The forint also strengthened against the euro and the US dollar on Tuesday morning, trading at 276.37 to the EUR and 194.90 to the USD at around 10:20 a.m. Tuesday, compared to rates of 278.50 and 197.47, respectively, at around 4:00 p.m. on Monday
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.