EURHUF Euro vs Hungarian Forint

396.613

0.792 (0.20%)

Last Updated: 00:38:16

Delayed by 15 minutes

Name	Symbol	Market	Type
Euro vs Hungarian Forint	FX:EURHUF	Forex	Exchange Rate

	Price Change	% Change	Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Traded	Last Trade
	0.792	0.20%	396.613	396.187	397.039	397.0675	395.495	395.7985	0	00:38:16

Hungarian Forint Advances To New 3-week High Against Euro After Rate Cut

24/03/2015 3:25pm

RTTF2

Euro vs HUF (FX:EURHUF)
Forex Chart

From Jun 2019 to Jun 2024

The Hungarian forint spiked up against the euro in New York deals on Tuesday, after Hungary's central bank cut its key interest rate to a new low, amid falling prices and improving growth.

The Monetary Council of the Magyar Nemzeti Bank reduced the base rate by 15 basis points to 1.95 percent. Economists had expected a slightly larger cut to 1.90 percent.

The new rates are effective March 25. The central bank overnight deposit rate is now at 0.95 percent and the lending rate at 2.95 percent.

The Hungarian forint hit 300.31 against the euro, its highest since March 2. At yesterday's close, the pair was valued at 303.19. The next possible resistance for the Hungarian forint is seen around the 297.00 zone.