ADVERTISEMENT

Forint softens on interbank market

Analysis

The forint was trading at 314.49 to the euro at 5.30pm on Tuesdayʼs interbank market, softening from 313.50 late on Friday. The forint lost ground against the euro during the whole of Tuesday.

The forint weakened to 281.05 from 280.75 against the dollar. The forint showed mixed but tight movement against the dollar on Tuesday. Trading was characterized by small loses following small gains but in the late afternoon the forint gave way. 

The forint traded at 288.14 to the Swiss franc, down from 286.97. The Swiss franc peaked against the forint at 11am in the morning. The forint somewhat recovered in the next few hours but by late afternoon it was again softening compared to the franc. 

ADVERTISEMENT

Manufacturing Purchasing Managers' Index rises Analysis

Manufacturing Purchasing Managers' Index rises

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.