Type of transactions
|FX SPOT||FX FORWARD|
|Delivery date : J+1; J+2||Maximum maturity: 12 months|
|Liquidity: Good||Liquidity: Good|
EUR/HUF parity: liquidity schedules
Did you know?
- Magyar Nemzeti Bank (MNB) is the central bank of Hungary with the main objective of maintaining price stability.
- Price fixing method: the exchange rate is qualified as floating. The HUF is more generally traded against the EUR, and to a lesser extent against the USD.
Features and highlights
- HUF is one of the most liquid currencies among the countries of Central and Eastern Europe.
- Although there is no agenda for Hungary's possible accession to the euro area, the forint has been relatively stable against the single currency for several years.
There are no special restrictions on the purchase and sale of HUF.
The forint is less volatile than a number of emerging currencies. In addition to the good performance of the Hungarian economy, the HUF also benefits from the country's willingness to peg it to the EUR.
Payments in HUF to Hungary
The IBAN format is mandatory. Payment instructions must contain the full name of the beneficiary
|Holidays 2018 (subject to modifications)|
|New Year’s Day||1 January.||St. Stephen’s Day||20 August|
|Revolution (1848) Day||15 March||Revolution Day||23 October|
|Good Friday||30 March||All Saint’s Day||1 NJovember|
|Easter Monday||2 April||Christmas Day||25 December|
|Labour Day||1 May||Christmas Holiday||26 December|
|Whit Monday||21 May|