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11th September, 2019

Forint weakens to new record low

The forint weakened to Ft 331.94 per euro on Tuesday, hitting a new historic low, for the second time in a week.

Continuing gloom about the global economic outlook weakens the forint, as investors avoid riskier currencies.

The forint lost 0.55% of its value against the euro on Tuesday.

Comparing it to its peers, the forint is outstanding in a negative sense, as the Czech crown and Polish zloty have not weakened markedly.

Sources regularly consulted, with abbreviations used in text: Népszabadság (N); Magyar Hírlap (MH); Világgazdaság (VG); Napi Gazdaság (NG); Magyar Nemzet (MN); Népszava (Nsz); Kossuth Rádió news (KR); nightly TV news (TV).

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