News on the US debt ceiling agreement have failed to ease tension. Negative global trading sentiment has put markets under pressure and the Swiss franc continued to appreciate. It is close to its all-time high again. Strengthening of the franc has made itself felt in relation to the Hungarian forint as well. The CHF/HUF exchange rate has taken a massive plunge. The forint has depreciated vs. the other major currencies as well.
Beside external factors data on Hungarian industrial output may influence the exchange rate of the forint Friday, although no improvement is expected due to the slowdown on export markets.
Latest Hungarian Forint Foreign Exchange Rates
On currency markets, one Swiss franc bought 251.03 Hungarian forints, while a UK pound sterling currently exchanges 314.17, a euro 273.21, and one US dollar 193.10.