Forint Depreciation To Resume In Medium Term

August 2009
Emerging Europe Monitor: Central Europe & Baltic States;Aug2009, Vol. 16 Issue 8, p4
Country Report
The article reports on the depreciation of Hungarian forint in 2009. On June 23, the currency has traded at HUF282.57/EUR following a record low of HUF317.10/ EUR on March. It notes that Hungarian forint has depreciated due to the weakness of the financial market sector and macroeconomic fundamentals. It anticipates that Hungarian forint will continue to depreciate at the end of 2009, however, it will recover by the end of 2010.


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