Forint falls regionally, as CEE central bankers mull rate cuts

3 min read Czech Republic, Economy, Hungary, Poland, crown, czechia, forint, zloty

Unlike its regional peers, the forint weakened massively this week, as the Hungarian National Bank (MNB) continued to unwind the emergency measures around Europe’s most inflated currency, Hungarian business website Portfolio wrote. Against the euro and the dollar, the domestic currency suffered a significant devaluation, 1.8% against the

Forint slumps to all-time lows against euro, dollar

2 min read Economy, Hungary, Poland, currency, dollar, euro, forint, zloty

As national currencies shed value across Central and Eastern Europe (CEE) on Thursday, the Hungarian forint fell hardest, to historic lows of 423 to the euro and 437 to the US dollar. The forint led a slump in eastern European financial markets as worries over the fallout from Russia’s

Bruising week for CEE currencies ends with slight rises for zloty, forint, Czech crown

3 min read Czech Republic, Economy, Hungary, Poland, Central & Eastern Europe, European Commission, forint, zloty

The Czech, Polish and Hungarian currencies all weakened against the major global currencies this week, as recession fears intensified globally, impacting emerging markets. As investor sentiment became more risk averse, investors have turned to the dollar, and the Polish zloty and the Czech crown both weakened against the greenback. However

Polish, Hungarian currencies take a beating

1 min read Hungary, Poland, forint, zloty

Poland’s currency, the zloty (PLN), saw a 12-year low against the euro, while the Hungarian forint (HUF) also plunged to a new historic low this week. On Monday, one euro was worth PLN 4.72 at the zloty’s weakest point, while one euro equaled HUF 370.24 in