The Forint Hit Hungarian Businesses Hard – They Were Hit with a Serious and Unexpected Problem
7 Articles
7 Articles
According to the investor, it would be best for the Hungarian economy if inflation were not sticky and there were opportunities to lower interest rates.
The Hungarian currency weakened against major currencies at Monday's close.
Hungarian exporters are finding themselves in an increasingly difficult situation due to the significant strengthening of the forint experienced in the recent period, the process is almost completely consuming their profits. Although financial instruments that cover exchange rate risks are available on the market, most companies have become comfortable due to the economic policy of the past decades and the constant weakening of the forint. For t…
Those who exported their products to foreign markets benefited the most, while some lost all their profits due to the strengthening of the Hungarian currency.
The agreement on EU funds could have helped a lot.
The forint opens the week at a near 5-year high, supported by a cautious improvement in the international situation and an agreement to free up EU funds. Meanwhile, the US dollar stagnated in early trading after weakening the previous week. Markets are focused on the development of Middle East peace talks and the timing of central bank moves, while the US-Iran conflict has taken a new turn.
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