What’s happening? Forint plunges to its weakest level since Hungary’s election
Hungary’s forint has suffered a sharp sell-off, briefly falling beyond the psychologically important level of HUF 370 to the euro on Wednesday morning. The currency has not been this weak since the days immediately preceding April’s parliamentary election.
The forint had been trading at around HUF 365 to the euro on Tuesday morning, but lost further ground over the following day. By Wednesday morning, the EUR/HUF exchange rate briefly climbed above 370 before settling just below that level.
This move is a significant reversal for the Hungarian currency, which had enjoyed several relatively strong months. Just a week earlier, on 25 August, the euro was trading at around HUF 360.
https://dailynewshungary.com/forint-plunges-weakest-level-since-election/
4September 4, 2026 706 3
