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Hungarian forint Markets

HUF Currency Update - Our review of Hungarian forint forecasts and news plus charts and historic rates. Check HUF Trends over various time periods.

 

The recent dynamics in the USD to HUF exchange rate have been influenced by a blend of geopolitical and economic factors. Analysts note that the US dollar (USD) has shown a downward trend, reflecting diminished safe-haven demand as market optimism grows. A looming government shutdown in the US has cast doubts over the economy, contributing to this retreat. With the Federal Reserve's interest rate decision on the horizon, sentiment around the USD is particularly cautious, as investors await clarity regarding future monetary policy.

Key developments in the US economy, such as inflation data and potential tariff negotiations with China, will be critical in guiding the dollar's trajectory. The 0.3% expected rise in core Consumer Price Index (CPI) figures could prompt changes in monetary policy, further influencing the USD's strength against other currencies, including the Hungarian Forint (HUF).

On the Hungarian side, the National Bank of Hungary (NBH) has chosen to maintain its base interest rate at 6.5%, the highest in the European Union, in response to ongoing inflation challenges. However, the forint has suffered depreciation amid economic uncertainties, reaching 14-day lows near 333.6 HUF per USD, indicating it is 0.9% below its three-month average of 336.6. The market has demonstrated a relatively stable range for the HUF, fluctuating between 328.3 and 351.0 over the past few months.

Expert opinions reveal that a significant portion of the corporate sector in Hungary anticipates further depreciation of the forint. As 80% of surveyed companies have planned for this scenario, the sentiment surrounding the currency remains bearish. Prime Minister Viktor Orban's comments regarding euro adoption have also weighed on investor confidence, suggesting a preference for currency stability amidst broader European uncertainties.

In summary, while the USD faces pressures from both domestic and geopolitical fronts, the HUF is grappling with its own challenges, including inflation concerns and corporate expectations of continued weakening. As both currencies navigate these complexities, market participants should remain vigilant about forthcoming economic data and central bank policies that will play crucial roles in shaping exchange rates in the near term.

 

US dollar to Hungarian forint - USD/HUF Trend

 
USD to HUF is at 14-day lows near 333.6, just 0.9% below its 3-month average of 336.6, having traded in a relatively stable 6.9% range from 328.3 to 351.0
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Top HUF Rates


Hungarian forint to US dollar
HUF to USD is at 14-day highs near 0.002998, just 0.9% above its 3-month average of 0.002971, having traded in a relatively stable 6.9% range from 0.002849 to 0.003046
HUF to USD
0.003001
14dHighs
1d+0.5%

Hungarian forint to Euro
HUF to EUR is at 14-day highs near 0.002574, 1.1% above its 3-month average of 0.002545, having traded in a very stable 3.1% range from 0.002498 to 0.002576
HUF to EUR
0.002576
14dHighs
1d+0.4%

Hungarian forint to Canadian dollar
HUFCAD 90 day chart

HUF to CAD at 0.004194 is 1.7% above its 3-month average of 0.004122, having traded in a relatively stable 7.2% range from 0.003941 to 0.004223
HUF to CAD
0.004186
1d+0.4%

Hungarian forint to British pound
HUF to GBP is at 90-day highs near 0.002248, 1.6% above its 3-month average of 0.002211, having traded in a quite stable 4.5% range from 0.002152 to 0.002248
HUF to GBP
0.002261
90dHighs
1d+0.4%

Hungarian forint to Indian rupee
HUF to INR is at 14-day highs near 0.2644, 1.1% above its 3-month average of 0.2615, having traded in a relatively stable 7.7% range from 0.2498 to 0.2691
HUF to INR
0.2648
14dHighs
1d+0.9%

Hungarian forint to Japanese yen
HUF to JPY at 0.4576 is 3.5% above its 3-month average of 0.4422, having traded in a relatively stable 7.6% range from 0.4258 to 0.4582
HUF to JPY
0.4565
1d+0.4%

Hungarian forint to Australian dollar
HUF to AUD at 0.004571 is just 0.6% above its 3-month average of 0.004543, having traded in a quite stable 4.4% range from 0.004429 to 0.004622
HUF to AUD
0.004560
1d+0.3%

Hungarian forint to Singapore dollar
HUF to SGD at 0.003885 is 1.5% above its 3-month average of 0.003828, having traded in a quite stable 5.6% range from 0.003693 to 0.003899
HUF to SGD
0.003884
1d+0.4%

Hungarian forint to Chinese yuan
HUF to CNY is at 7-day highs near 0.021313, just above its 3-month average, having traded in a quite stable 5.9% range from 0.020458 to 0.021668
HUF to CNY
0.021308
1d+0.3%

A-Z


Hungarian forint to Euro
HUF to EUR is at 14-day highs near 0.002574, 1.1% above its 3-month average of 0.002545, having traded in a very stable 3.1% range from 0.002498 to 0.002576
HUF to EUR
0.002576
14dHighs
1d+0.4%

Hungarian forint to British pound
HUF to GBP is at 90-day highs near 0.002248, 1.6% above its 3-month average of 0.002211, having traded in a quite stable 4.5% range from 0.002152 to 0.002248
HUF to GBP
0.002261
90dHighs
1d+0.4%

Hungarian forint to Indian rupee
HUF to INR is at 14-day highs near 0.2644, 1.1% above its 3-month average of 0.2615, having traded in a relatively stable 7.7% range from 0.2498 to 0.2691
HUF to INR
0.2648
14dHighs
1d+0.9%

Hungarian forint to US dollar
HUF to USD is at 14-day highs near 0.002998, just 0.9% above its 3-month average of 0.002971, having traded in a relatively stable 6.9% range from 0.002849 to 0.003046
HUF to USD
0.003001
14dHighs
1d+0.5%