The EUR/HUF exchange rate has shown volatility, with the euro generally appreciating against the forint. This trend has been influenced by high inflation in Hungary and global economic uncertainties, which have favored the euro as a safer currency.
Key Factors Monetary Policy: The divergence between the European Central Bank's (ECB) tightening and the Magyar Nemzeti Bank's (MNB) efforts to control inflation impacts the rate. Economic Data: Indicators like GDP growth and inflation from both the Eurozone and Hungary influence the currency pair. Geopolitical Issues: EU-Hungary relations and other geopolitical events can affect the forint's stability. Outlook The future of the EUR/HUF exchange rate remains uncertain. If the ECB continues to raise rates and Hungary's inflation remains high, the euro may strengthen further. Conversely, improved economic conditions in Hungary could lead to a stronger forint.
But so far we have not managed to break through the 400 level, so I expect the direction shown in the picture.