151 result(s) for currency in Business
Rogán: Hungary Would Suffer If It Replaced Forint With Euro
- 20 Jan 2015 8:00 AM
- business
Hungary is likely to have fulfilled the preconditions for adopting the euro by 2020 but it would only be worth contemplating replacing the forint if it appeared that the country would benefit from such a move, Antal Rogán, parliamentary group leader of the ruling Fidesz party, told journalists. In a recent interview to Magyar Hírlap daily, Rogán said that the Hungarian economy would be in a fit ...
Swiss Central Bank Move Sends Hungarian Forint Tumbling
- 16 Jan 2015 8:00 AM
- business
The forint sank to new all-time lows against the euro and the Swiss franc yesterday after Switzerland’s central bank stunned markets by scrapping the ceiling on its currency, in place since 2011. The Swiss franc surged to 0.85 per euro from 1.20, a 40% gain, before stabilising at parity with the euro.
Hungarian Forint Plunges Against Swiss Franc
- 15 Jan 2015 5:04 AM
- business
The forint plunged against the Swiss franc on Thursday morning after the Swiss National Bank said it was discontinuing its minimum exchange rate of 1.20 francs to the euro. The forint traded at 310.34 to the Swiss franc around 11 in the morning from 265.51 about an hour earlier.
Hungarian Forint Wobbles Then Mostly Stable On Interbank Market
- 8 Jan 2015 8:00 AM
- business
The forint was trading at 318.39 to the euro late Wednesday on the interbank forex market, up from 319.66 late on the previous day. At 319.94 to the euro early Wednesday, the forint moved between 318.38 and 320.87, after it fell to a new three-year low at 321.35 on Tuesday.
Lenders Weigh Court Defence Of Unilateral Changes To Forint Loan Contracts
- 7 Jan 2015 8:00 AM
- business
OTP Bank and Erste Bank are considering legal recourse regarding the settlement of compensation for unilateral changes to forint loan contracts, and K and H Bank already plans to file a case, the lenders said. The press department of Budapest’s Municipal Court said no cases had been filed so far.
Xpat Opinion: Euro And Forint Weaken
- 7 Jan 2015 8:00 AM
- business
As the Euro weakens against the US Dollar and the Forint nears its historical low against the Euro, a left-wing analysts calls on the government to change policy course. A conservative columnist blames the weakening of both currencies on external geopolitical and economic factors.
Hungarian Forint Continues To Weaken
- 6 Jan 2015 8:00 AM
- business
The forint weakened further on Monday, hitting Ft 320.83 per euro in the morning but returning to 318.25 in the afternoon. The daily low is only 1% off the all-time low against the euro of Ft 324.2. The forint sank to its lowest level against the dollar in 10 years at one point, trading at Ft 266.56.
Matolcsy: Forint Weakening Not Related To Hungary Fundamentals
- 19 Dec 2014 8:00 AM
- business
There is no special Hungarian story behind the latest weakening of the forint, the central bank’s governor György Matolcsy said. The National Bank of Hungary has no exchange rate target and is not compelled to intervene to stop the currency’s weakening, he said, adding that bank’s international reserves provided a decent buffer.
National Bank Of Hungary: Monetary Transmission To Be Strengthened By FX Loan Conversion
- 19 Dec 2014 8:00 AM
- business
Monetary transmission will be strengthened by the conversion of retail foreign-exchange loans into forints as it will eliminate the exposure of Hungarian households to foreign currency as well as the related risks, the National Bank of Hungary (NBH) said in its quarterly Inflation Report.
Rogán: Hungary Would Suffer If It Replaced Forint With Euro
- 20 Jan 2015 8:00 AM
- business
Hungary is likely to have fulfilled the preconditions for adopting the euro by 2020 but it would only be worth contemplating replacing the forint if it appeared that the country would benefit from such a move, Antal Rogán, parliamentary group leader of the ruling Fidesz party, told journalists. In a recent interview to Magyar Hírlap daily, Rogán said that the Hungarian economy would be in a fit ...
Swiss Central Bank Move Sends Hungarian Forint Tumbling
- 16 Jan 2015 8:00 AM
- business
The forint sank to new all-time lows against the euro and the Swiss franc yesterday after Switzerland’s central bank stunned markets by scrapping the ceiling on its currency, in place since 2011. The Swiss franc surged to 0.85 per euro from 1.20, a 40% gain, before stabilising at parity with the euro.
Hungarian Forint Plunges Against Swiss Franc
- 15 Jan 2015 5:04 AM
- business
The forint plunged against the Swiss franc on Thursday morning after the Swiss National Bank said it was discontinuing its minimum exchange rate of 1.20 francs to the euro. The forint traded at 310.34 to the Swiss franc around 11 in the morning from 265.51 about an hour earlier.
Hungarian Forint Wobbles Then Mostly Stable On Interbank Market
- 8 Jan 2015 8:00 AM
- business
The forint was trading at 318.39 to the euro late Wednesday on the interbank forex market, up from 319.66 late on the previous day. At 319.94 to the euro early Wednesday, the forint moved between 318.38 and 320.87, after it fell to a new three-year low at 321.35 on Tuesday.
Lenders Weigh Court Defence Of Unilateral Changes To Forint Loan Contracts
- 7 Jan 2015 8:00 AM
- business
OTP Bank and Erste Bank are considering legal recourse regarding the settlement of compensation for unilateral changes to forint loan contracts, and K and H Bank already plans to file a case, the lenders said. The press department of Budapest’s Municipal Court said no cases had been filed so far.
Xpat Opinion: Euro And Forint Weaken
- 7 Jan 2015 8:00 AM
- business
As the Euro weakens against the US Dollar and the Forint nears its historical low against the Euro, a left-wing analysts calls on the government to change policy course. A conservative columnist blames the weakening of both currencies on external geopolitical and economic factors.
Hungarian Forint Continues To Weaken
- 6 Jan 2015 8:00 AM
- business
The forint weakened further on Monday, hitting Ft 320.83 per euro in the morning but returning to 318.25 in the afternoon. The daily low is only 1% off the all-time low against the euro of Ft 324.2. The forint sank to its lowest level against the dollar in 10 years at one point, trading at Ft 266.56.
Matolcsy: Forint Weakening Not Related To Hungary Fundamentals
- 19 Dec 2014 8:00 AM
- business
There is no special Hungarian story behind the latest weakening of the forint, the central bank’s governor György Matolcsy said. The National Bank of Hungary has no exchange rate target and is not compelled to intervene to stop the currency’s weakening, he said, adding that bank’s international reserves provided a decent buffer.
National Bank Of Hungary: Monetary Transmission To Be Strengthened By FX Loan Conversion
- 19 Dec 2014 8:00 AM
- business
Monetary transmission will be strengthened by the conversion of retail foreign-exchange loans into forints as it will eliminate the exposure of Hungarian households to foreign currency as well as the related risks, the National Bank of Hungary (NBH) said in its quarterly Inflation Report.