Forint firms on interbank market

Analysis

The forint was trading at 310.92 to the euro at 5:30pm on Thursdayʼs interbank forex market, up from 312.25 late on Wednesday.

The forint showed mixed movement during the day but by evening it was firmly up against the euro. The euroʼs rate peaked at 312.94 forints but fell as low as 310.85 forints.

The forint traded at 273.77 to the dollar, showing strong gains from 278.28 Wednesday. The dollarʼs exchange rate fell from as high as 276.85 forints to 273.55 forints.

The forint strengthened to 281.63 from 284.59 against the Swiss franc. The franc showed some early gains against the forint in the morning but shortly before 11am it began to lose momentum and continued to weaken until the end of the day. The franc was quoted as high as 285.34 forints before falling to 281.50 forints.

ADVERTISEMENT

Differences in taxation in the CEE region Analysis

Differences in taxation in the CEE region

Lawmakers postpone expanded data provision for tourism secto... Parliament

Lawmakers postpone expanded data provision for tourism secto...

Tihamér Tóth appointed European Court judge Appointments

Tihamér Tóth appointed European Court judge

Budapest City Council to take out HUF 32 bln development loa... City

Budapest City Council to take out HUF 32 bln development loa...

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.