Forecasts for USD to HUF
The USD to HUF exchange rate has recently faced significant headwinds, with the US dollar hitting a three-year low amid concerns over tariff policies and expectations of a potential rate cut from the Federal Reserve. Analysts note that higher-than-expected jobless claims and softer inflation data have weakened the dollar, with speculation around subsequent consumer sentiment readings potentially affecting the currency's trajectory.
Currently, the USD is trading at 348.6 HUF, which is 3.2% below its three-month average of 360.3. This range indicates a relative stability, with movements confined to 7.8% between 346.6 and 373.8 HUF in recent weeks. Market forecasters suggest that the combination of US economic uncertainty and shifts in domestic policy could keep the USD under pressure in the near term.
Conversely, the Hungarian forint has shown some resilience, bolstered by the hawkish stance of the National Bank of Hungary following the appointment of a new governor. However, the forint's long-term outlook remains weak due to Hungary's economic challenges, inflationary pressures, and fiscal risks. Experts warn that while the HUF may receive short-term support from global events, local factors are expected to lead to a depreciation of the currency, with projections indicating that the EUR/HUF may exceed 410 later this year.
In summary, the USD to HUF exchange rate is likely to remain influenced by both US economic data and local Hungarian developments. Investors and businesses engaged in international transactions should closely monitor these dynamics, as fluctuations in this currency pair could create opportunities or challenges in their foreign exchange planning.