The EUR / HUF currency pair is not among the popular currency pairs, but it is suitable for those who would like to go beyond the main currency combinations, diversify and balance their trading. The dynamics of the euro and the Hungarian forint is affected by the relationship between the economies of Hungary and the Eurozone.
Predicting the movement of a currency pair is not difficult, since the forint is closely related to the euro, we can say that it almost duplicates the volatility of the euro. This financial instrument is especially liked by experienced traders, thanks to the high stability and predictability of the economies of the Eurozone and Hungary. The most intensive action are is in the European session.
The EUR / HUF rate shows how many Hungarian forints (quoted currency in pairs) are needed to buy one euro (base currency pair). Using the current exchange rate chart, you can monitor the volatility of the currency pair in real time.
The Hungarian forint (bank code: HUF) is the national currency of Hungary, issued and regulated by the National Bank of Hungary. Currently, the future of the forint is not defined, this is due to the process of integration of the euro, in which Hungary is involved as a member of the European Union. To replace the forint for the euro was planned back in 2003, but due to high indicators of the budget deficit, inflation and the subsequent global financial crisis, the transition to the euro was postponed. Also, the possible reason for the refusal to link the national Hungarian currency to the euro, in the opinion of the Hungarian government, is the inexpediency and lack of profit in this.
Hungary is a developed industrial country of central Europe, the main branches of its economy are engineering, metallurgy, chemical and agricultural industries. A significant part of the produced goods and products are exported. A significant share of the economy is tourism. Hungary closely cooperates with foreign companies, therefore, the state of the Hungarian economy depends on these countries.
Euro (currency sign - €, bank code: EUR) - official currency of 19 eurozone countries (Austria, Belgium, Germany, Greece, Ireland, Spain, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia , Finland, France, Estonia). Also, the currency is used in nine countries that are not members of the euro area. The Euro is managed by the European System of Central Banks (ESCB), led by the European Central Bank (ECB).
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