Strengthening Forint
7 February 2011
The strengthening of the Hungarian currency is due to the advanced trust of the investors for the structural reform plan of the government’s budget policy. Experts say the exchange rate of the Euro can be around 270 HUF all week. – reported on Monday by Portfolio.hu.
On Monday morning the exchange rate of the Euro was 269,6 HUF, after Friday’s 269,02 HUF. CHF was 205,5 Ft at the same time and dollar has strengthened with almost 1 HUF since Friday, now stands on 196,9 HUF.
The market’s warm response of the proposal for the constitutional fixation of the upper limit of the public debt – rate and the prime minister’s siginification, that the government didn’t come to a decision about the expansion of the object of the inflation can also help the strengthening of the Hungarian currency.
Source: portfolio.hu
