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Hungarian Forint - HUF

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Old 05-03-2009, 18:36
Level 1 Lasers Member
Join Date: Mar 2009
Posts: 2
Default Hungarian Forint - HUF

The hungarian forint is now at an all time low against the EUR and CHF

It is strange living in hungary noticing that things are not nearly as bad as the media makes out internationally.

Any opinions why the HUF is so bad ?

apart from IMF funding / mortgages in CHF-EUR which i know

The US has terrible news multiple times per day - prints money as they wish and still their currency firms! Hungary has 1 or 2 bad news in a week and the currency dives...

Most banks in hungary were only lending 60% of the value of the home which they were undervaluing in the 1st place so i can't understand the 'sub prime' of europe headlines ? Hardly any body is in negative equity here.

please all - what are your opinions how to trade this currency ?

thank u
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Old 05-03-2009, 19:27
Level 1 Lasers Member
Join Date: Mar 2009
Posts: 13

I will pay attention on that
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