Breaking: EUR/HUF 410, USD/HUF 400, new historical lows – UPDATE

The euro rose above 410 forints, while the dollar also broke the 400 mark on Wednesday morning. Yet another historical low for the Hungarian currency.

Shortly after 10.45 AM, the euro rose to 410.68 forints, the franc to 413.83 forints and the dollar to a record high of 401.19 forints, writes szeretlekmagyarorszag.hu.

Minutes later, the forint strengthened minimally to 410.19 against the euro, 412.93 against the franc and 400.33 against the dollar.

UPDATE: There is no stopping – a bit after 3 PM on Wednesday afternoon, the euro had risen above 416 forints, while the dollar had reached 408 forints.

Just before 1:00 PM, the euro crossed the 412 forint mark and the dollar was above 403 forints.
After 2:00 PM, the euro rose to over 413 forints, while the forint continued to weaken against the dollar, which was strengthening significantly on the international market, hvg.hu reports.

Source: szeretlekmagyarorszag.hu, index.hu