Hungary's Forint Sinks to New Historic Low
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Loading... - Szabo Dominik
- 09 Mar 2022
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The forint hit another historic low against major currencies in the interbank market on Monday morning. The Hungarian currency reached a record 399.98 to the euro. The forint also dropped to new lows against the dollar and the Swiss franc at 367.90 and 399.03 forints, respectively.
The forint has plunged almost 10% against the euro to a record low since the start of the war in Ukraine. It’s among the biggest drops in the world.
At this point, the sharp weakening of the forint is not surprising, as the past week it dropped to newer and newer record lows against the euro almost every day. Read More...
