Mecklai Graph of the Day - Hungarian Forint plummets to record low
The HUF, or the Hungarian Forint, plummeted to a record low of 324.17 against the Euro last night. As can be seen from the graph, the Forint has been continued to depreciate against its European counterpart with an almost a vertical ascent since the second half of 2011. The sell-off briefly halted towards the end of 2011, but the depreciation has resumed off late noting escalating political uncertainties in Hungary. Besides this, the HUF has further been weighed down after S&PDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
