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USDHUF United States Dollar vs Hungarian Forint

402.9645
-0.2755 (-0.07%)
05 Jan 2025 - Closed
Delayed by 15 minutes
Name Symbol Market Type
United States Dollar vs Hungarian Forint FX:USDHUF Forex Exchange Rate
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.2755 -0.07% 402.9645 401.913 404.016 403.775 402.9645 403.24 0 19:04:37

Forint Strengthens As Hungarian Central Bank Hikes Rate By 25 Bps To 6%

24/01/2011 1:17pm

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US Dollar vs HUF (FX:USDHUF)
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The Hungarian forint that traded lower against the US dollar in the previous session edged slightly higher after the nation's Central Bank decided to raise interest rates by 25 basis points.

The Hungarian forint is presently quoted at 202.23, up from previous low of 203.52 hit around 6:45 am ET. If the forint strengthens further, it may challenge its Asian session high of 200.50 and a move above this level could set its strongest mark in more than two months.

As widely expected, Hungary's central bank raised its benchmark interest rate by 25 basis points to 6 percent and the new rate will be effective from January 25. The central bank resumed the rate hike in November after holding it steady for six meetings.

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