Hungary: Next Currency Crisis Ahead

Politics ♦ Published: February 1, 2014; 15:40 ♦ (Vindobona)

The extremely loose monetary policy begins to become a problem for Hungary. The forint exchange rate is going up considerably.

Hungary: Next Currency Crisis Ahead / Picture: ©

Not only the Hungarian state, but also Hungarian borrowers may face new difficulties.

Two years ago, the rate peaked at 316 EUR/HUF. At this time, Hungary was close to a national bankruptcy. In the past months, the exchange rate has been fluctuating between almost 290 EUR/HUF and just under 305 EUR/HUF. The exchange rate exceeded 300 EUR/HUF in mid-January and reached 311 EUR/HUF…