Published: February 27 2023
Summary:
The forint has strengthened against the dollar and the euro on Monday morning, with the exchange rate hovering around 379 forints for the euro and 359 forints for the dollar. This comes ahead of the third review of the Hungarian debt rating by credit rating agencies, with Fitch and Standard & Poor's having downgraded the outlook to negative in January.
Key Points:
- Forint is strengthening against the dollar and the euro on Monday morning
- Exchange rate is hovering around 379 forints for the euro and 359 forints for the dollar
- Third review of the Hungarian debt rating by credit rating agencies this week
- Fitch and Standard & Poor's downgraded the outlook to negative in January
Source article:
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