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Forint strengthens to under 270 to the euro on interbank market

Dealers say that interbank trade has been light so far on Thursday morning, noting that many traders are awaiting the announcement of details regarding the government's budgetary-reform package due in March.

The forint traded at 208.30 to the Swiss franc on Thursday morning, compared to a Wednesday-afternoon rate of 206.90. Dealers attribute the forint's weakening against the CHF to the strengthening of the Swiss currency against its single European peer on increasing risk-aversion.

The forint traded at 199.19 to the dollar on Thursday morning, compared to a Wednesday-afternoon rate of 201.10.