"Let us see how long the government can keep the warm positive feeling towards
forint assets going.
The depreciation of the
forint during June against both the EUR and the CHF, however, more than ate up the interest rate advantage, and there continues to be a distinct risk that, if the HUF fails much further, many private Hungarian borrowers and banks could get into serious trouble.
The company's so called clean Ebitda, or core earnings, rose 19 per cent in annual terms to 146 billion
forints, partly due a strong performance of its downstream business.
The
forint has fallen 16.3 percent since July 1, versus 12.6 percent for its regional peer the Polish zloty and 6.7 percent for the Czech crown.
Fidesz proposed a 180-forint exchange rate for the conversion of Swiss franc loans and 250
forints on euro loans.
Global Banking News-April 13, 2015--Hungarian central bank says
forint liquidity increased in March
The rating agency argues that although the measures will support new
forint lending, the risk related to the existing portfolios will remain.
Australian Dollar 1.76 Bulgarian Lev 2.17 Canadian Dollar 1.66 Croatian Kuna 8.46 Czech Koruna 30.27 Egyptian Pound 10.15 Euro 1.14 Hungarian
Forint 332.86 NZ Dollar 1.90 Polish Zloty 4.66 S African Rand 15.94 Swiss Franc 1.39 Thai Baht 48.84 Turkish Lira 3.16 UAE Dirham 5.69 US Dollar 1.57
Australian Dollar 1.64 Bulgarian Lev 2.15 Canadian Dollar 1.62 Croatian Kuna 8.37 Czech Koruna 28.06 Egyptian Pound 10.11 Euro 1.13 Hungarian
Forint 318.51 NZ Dollar 1.87 Polish Zloty 4.61 S African Rand 15.06 Swiss Franc 1.39 Thai Baht 47.20 Turkish Lira 3.03 UAE Dirham 5.67 US Dollar 1.57
The fall in the
forint value has led to a surge in repayments on foreign currency loans.
The
forint fell to its weakest level in four weeks on speculation that the central bank of Hungary would keep cutting interest rates.
Australian Dollar 1.74 Bulgarian Lev 2.29 Canadian Dollar 1.63 Croatian Kuna 8.87 Czech Koruna 30.17 Egyptian Pound 10.86 Euro 1.17 Hungarian
Forint 353.11 NZ Dollar 2.00 Polish Zloty 5.01 S African Rand 15.93 Swiss Franc 1.44 Thai Baht 49.81 Turkish Lira 3.16 UAE Dirham 5.69 US Dollar 1.55
