Trade EURHUF

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    1. Hungary has a skilled labor force and it's mostly focused on exports. Their partners include most of the large European countries which gives a somewhat stable situation when it comes to the revenue. 2. Currently, Hungary experiences 4.0% annual GDP growth with 3. 7% inflation.
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The forint is the currency of Hungary. Previously it was divided into 100 fillér, but today, fillér coins are not in circulation. The forint was introduced on 1st of August in 1946, marking a crucial step for post- World War II Hungary. The forint has remained relatively stable until the 1980s, but a transition to a market economy in the early 1990s adversely affected the value of the forint.Inflation has since peaked at 35% in 1991. Since 2001, inflation had calmed down, and went in to single digits, and the forint has been declared fully convertible. Being that Hungary is a member of the EU, it may replace the forint with the euro, but that doesn't appear to be likely until the 2020s.

1. Possible replacement of the forint with the Euro. Investors should always keep an eye out for any news regarding the possible addition of Hungary as one of the countries using the EUR. This would have devastating effects on the currency, and hence, the pair. 2. Government debt in Hungary will give the currency extra pressure. Making the pair go on a bearish trend. 3. Also, political instability in the European Union, such as Brexit will have the exact opposite reaction. Making the pair react in a positive way.

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