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MNB FX swap stock remains around HUF 2 tln

The stock of fine-tuning FX swaps of the National Bank of Hungary (MNB) will remain at around HUF 1.988 trillion after a tender, according to data released by the central bank, reported by state news wire MTI.

The MNB allotted HUF 25 billion of one-month, HUF 25 bln of three-month, and HUF 25 bln of six-month swaps against euros at the tender, level with HUF 50 bln of one-month and HUF 25 bln of three-month swaps maturing on December 12, the value date of the tender.

After payment and redemptions, the stock will include HUF 150 bln of one-month, HUF 200 bln of three-month, HUF 623 bln of six-month, and HUF 1.015 tln of 12-month swaps.

The FX swap stock has changed little since June, the MNB reported.