The Hungarian forint is plummeting — when will it stop?

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(Daily News Hungary)

The coronavirus pandemic has changed almost everything globally, and it is no different in the case of foreign currency exchange. Unfortunately, the pandemic, which has stayed well over its welcome, had a massive impact on how the Hungarian forint is standing up against other currencies. 

Index reports that the exchange rate of HUF has decreased by over 2% in the last month. The overall lowest exchange rate of the Hungarian forint compared to the Euro was around HUF  370 per every one EUR. The HUF has reached that all-time low twice during 2020 and has been already getting close to that in 2021 with HUF 368 per every one EUR last Monday, which was only 0.5% away from the currency’s historical lowest.

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