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	NationMaster - Encyclopedia: Forint
		Forint, or HUF (Hungarian forint) is the official currency of Hungary.
		Between 1857 and 1892, the forint was the name used in Hungarian for the currency of the Austro-Hungarian Empire, known in German as the Gulden or Florin.
		De naam forint is afgeleid van de plaatsnaam Florence: de naam van de munt is daarmee dezelfde als die van de vroegere florijn in Nederland.
	www.nationmaster.com /encyclopedia/Forint (1650 words)

	Bloomberg.com: Currencies
		The forint slumped 2.3 percent last week, its biggest drop in a month, as Prime Minister Ferenc Gyurcsany faced calls to resign after admitting to lying about the economy in a leaked tape recording.
		Losses for Hungary's forint may be contained as the central bank decided today to raise its main interest rate, already the highest in the European Union, by half a percentage point.
		Gyurcsany, who has resisted calls to resign, is seeking to cut the deficit from the equivalent of 10.1 percent of gross domestic product this year to 3.2 percent in 2009 as part of preparations for eventual adoption of the euro.
	www.bloomberg.com /apps/news?pid=20601083&sid=abL.cR8j5VC0&refer=currency (657 words)

	Forint - Wikipedia, the free encyclopedia
		Forint, or HUF (Hungarian forint) is the official currency of Hungary.
		Between 1857 and 1892, the forint was the name used in Hungarian for the currency of the Austro-Hungarian Empire, known in German as the Gulden or Florin.
		Historically the forint was made up of 100 fillér, but fillér have been rendered useless by inflation and have not been in circulation since 1999.
	en.wikipedia.org /wiki/Forint (684 words)

	Hongaarse Forint - Wikipedia
		De forint (HUF) is de munteenheid van Hongarije, ingevoerd in 1946.
		De forint verving de toenmalige pengö na een jaar van ongekende hyperinflatie.
		De naam forint is afgeleid van de plaatsnaam Florence: de naam van de munt is daarmee dezelfde als die van de vroegere florijn in Nederland.
	nl.wikipedia.org /wiki/Forint (124 words)

	Forint - Wikipedia
		Der Ungarische Forint (ungarisch forint) ist die Währung der Republik Ungarn.
		In Ungarn wurde der Forint erst 1325 durch König Karl Robert von Anjou (ung.
		Diese wiederum wurde 1927 durch den Pengő ersetzt.
	de.wikipedia.org /wiki/Forint (290 words)

	MONEY MARKET RESPONDS WELL TO EXPANDED (Site not responding. Last check: 2007-11-02)
		A prerequisite for joining ERM is that the forint’s exchange rate must be pegged to the euro for at least two years and remain within the 30pc fluctuation band.
		In practice, increasing the band means that the forint, which was equivalent to about EUR 270 in March, may now move freely within a band equating it to anywhere from EUR 230 to EUR 310.
		She conceded that the measures could result in a revaluation of the forint, which also would mean a drop in export revenues, but said she didn’t think that would be any great threat to the competitiveness of the Hungarian economy.
	home.btconnect.com /hungarytrade/itd2/moneymar.htm (1012 words)

	Bankintroductions.com - HUNGARY
		During the early 1990's, the forint was a soft currency that could have collapsed at anytime as significant depreciations took place in the forint's value as Hungary had few quality products to sell to the world community as the nation was technically in a depression.
		The forint was devalued every day at a 0.4 percent monthly rate up until April 1, 2000 at which time the devaluation rate was cut to 0.3 percent.
		The forint was in a period of a prolonged depreciation versus the USD up until November 2000 at which time it has reversed course by steadily appreciating.
	bankintroductions.com /hungary.html (1505 words)

	[No title] (Site not responding. Last check: 2007-11-02)
		In January, the forint continued its appreciation, and by the second week in the month it had reached the HUF 234.69 limit.
		When it made the decision to shift the forint’s trading band, the central bank’s monetary council felt that inflation targets could be met despite the measure.
		Duronelly claimed that the central bank had been intervening to keep the forint artificially high when the exchange rate was HUF 245 to the euro.
	home.btconnect.com /hungarytrade/itd2/fordeval.htm (1242 words)

	Hungarian Forint and Hungary currency information including currency exchange rates
		The Hungarian forint, often denoted HUF and abbreviated Ft., is the official currency of Hungary.
		The forint was introduced on August 1, 1946 after the currency pengõ; experienced a period of great hyperinflation in the year before.
		Until recently, the forint was comprised of 100 fillér, but circulation of the fillér ceased in 1999.
	www.gocurrency.com /countries/hungary.htm (580 words)

	Forint nears edge of band on interbank forex market \| newratings.com (Site not responding. Last check: 2007-11-02)
		MTI EconewsThe forint was trading at 241.80/90 to the euro on the interbank forex market on Wednesday afternoon, as against 242.30/40 on Tuesday, firming to 14.35pc in its +-15pc band.
		Traders say the forint is likely to reach the end of its band by the weekend.The interbank forex market was busy on Wednesday, with traders saying turnover on the Reuters electronic trading system was five times the usual amount.
		If the forint firms to 241.50 to the euro, a large number of options will be called in, making it a crucial number in terms of the forint rate.
	www.newratings.com /analyst_news/article_706212.html (243 words)

	Bloomberg.com: Europe
		Mol's net income climbed to 54.8 billion forint ($259.4 million), or 535 forint a share, from a revised 53.6 billion forint, or 514 forint a share, a year earlier, the Budapest-based company said in a statement today.
		Sales in the quarter were 744.9 billion forint, compared with 606.6 billion forint in the year-earlier period, beating the 666 billion forint that was forecast in the Bloomberg survey.
		Operating profit rose to 67.7 billion forint, from 57.8 billion forint a year ago, when the company had to set aside 35 billion forint in provisions for payouts to employees.
	www.bloomberg.com /apps/news?pid=10000085&sid=aT1ay360bNxs (574 words)

	Business Hungary (Site not responding. Last check: 2007-11-02)
		Recent macroeconomic data may suggest that the forint’s one-way trend towards strengthening is over for the time being, but many analysts nevertheless remain optimistic.
		According to analysts, the twin deficits and the low foreign direct investment coverage of the current account deficit are also likely to boost the domestic (and possibly external) debt issuance by 1-1.2% of GDP in Hungary, halting the decline in the country’s debt to GDP ratio.
		The forint may have surged 10% against the euro and even more against the U.S. dollar in the last year and a half, but Hungarian exports still held up better than many expected.
	www.amcham.hu /BusinessHungary/16-08/articles/16-07_26.asp (1344 words)

	Bloomberg.com: News & Commentary
		The forint's 7 percent advance this year is eroding demand for exports, state news service MTI reported Prime Minister Ferenc Gyurcsany as saying on Nov. 24.
		The forint is the fourth-biggest advancer against the euro this year among all currencies, according to data compiled by Bloomberg.
		The forint may drop to 280 by the middle of next year, said Sueppel, who used to work at the European Central Bank, where he was in charge of relations with the Eastern Europe's central banks.
	quote.bloomberg.com /apps/news?pid=nifea&&sid=aYhYHbuaNl3I (850 words)

	Global Insight // Our Perspective
		In an effort to create conditions for the forint’s earliest possible entry into the ERM-2 at an advantageous parity rate, the government must have promised the introduction of more radical spending cuts to ensure meeting the 4.5%-of-GDP budget deficit target this year and bringing it to 3.0% of GDP by 2006.
		The year’s cumulative deficit to date, at 408.7 billion forint, is generally in line with last year’s figures and equal to 49.1% of the annual target.
		In response, the NBH was forced to hike its key two-week deposit rate by 100 basis points as of June 11, from 6.50% to 7.50%.
	www.globalinsight.com /Perspective/PerspectiveDetail457.htm (796 words)

	The Budapest Sun Online - Story page (Site not responding. Last check: 2007-11-02)
		Since the adjustment known as the "Bokros package" the forint was steadily devalued - although at a decreasing rate - initially against a "basket" of currencies and latterly the euro alone.
		The Fidesz government's opinion was that a strong forint was good for the country and the president of the National Bank shared this view and kept interest rates and thus the exchange rate high.
		On December 1 the fall of the forint took on dramatic dimensions and this continued till the end of the week.
	www.budapestsun.com /full_story.asp?ArticleId={BC9B13DDA53341FE883A3AE641EC6764}&From=News (1393 words)

	Hungarian Mint Ltd. (Site not responding. Last check: 2007-11-02)
		The material and size of the individual denominations of forint coins have changed over time, along with the designs, and new denominations have been introduced.
		Eight different denominations of forint coins were and are in circulation, including the 1, 2, 5, 10, 20, 50, 100 and 200-forint coins.
		All forint and fillér coins bear the mintmark "BP." by Magyar Pénzverő Rt.
	www.penzvero.hu /forgalmiermek.php?switchlang=eng (251 words)

	Forint Markdown May Slow, Experts Say (Site not responding. Last check: 2007-11-02)
		NBH president Gyorgy Suranyi said last month the pace of forint markdowns would be slower next year compared with this year.
		Analysts said the pace at which the NBH devalues the forint next year depends crucially on whether inflation falls to 20 percent, as the government hopes, from a forecast rate of around 30 percent in 1995.
		Devaluing the forint by a slower rate than inflation risks fueling inflation by making imports cheaper and also threatens government efforts to rein in Hungary's burgeoning trade and current account deficits.
	dev.themoscowtimes.com /stories/1995/08/24/038.html (395 words)

	Budapest Portál (Site not responding. Last check: 2007-11-02)
		Hungary's forint may drop against the euro on speculation the central bank will cut interest rates this year after seven reductions in the past 12 months, a Bloomberg News survey indicates.
		The forint climbed 7 percent last year, the fifth biggest advance among all currencies tracked by Bloomberg data.
		Against the euro, the forint rose 0.3 percent last week, the smallest weekly gain in two months, and was little changed at 245.56 by 12:15 a.m.
	english.budapest.hu /engine.aspx?page=news&artname=20050104-angol-cikk-forint_may_drop (797 words)

	Budapest Business Journal
		One can infer the activity of hedge funds in the forint market from the recent phenomenon of the forint going up when the dollar goes down, the MNB study said, although Robertson says he has heard rumors of the central bank’s silent intervention (in the form of forint purchases) being behind this.
		ING expects the forint to weaken somewhat, but future forint deals have already priced this in so as not to cause panic, Robertson added, noting that the central bank will have the opportunity to allow forint devaluation by 5%—10%, as inflation in Hungary is very low.
		According to Robertson, any attack on the forint would not be worthwhile because Hungarian households have foreign currency-denominated debts amounting to 3%—4% of GDP, while companies hold 2% of GDP and the state 8% of GDP in foreign currency debts.
	www.bbj.hu /?module=displaystory&story_id=248708&format=html (985 words)

	1993 Country Reports on Economic Practice and Trade Reports: HUNGARY (Site not responding. Last check: 2007-11-02)
		In December 1991, the forint's exchange rate was pegged to a basket consisting half each of the European currency unit (ECU) and the U.S. dollar.
		Joint ventures with capital above Forint 50 million ($515,000), over 30 percent foreign participation, and at least half of revenues from manufacturing or hotel construction and management can receive tax breaks of 60 and 40 percent their first and second five years of operation.
		The 1991 deficit target of forint 79 billion ended up at forint 114 billion, and 1992's goal of forint 70 billion came in at forint 197 billion.
	dosfan.lib.uic.edu /ERC/economics/trade_reports/1993/Hungary.html (2863 words)

	Forint Markdown May Slow, Experts Say
		BUDAPEST -- Hungary could reduce the pace at which it devalues its forint in 1996 in line with slowing consumer price inflation as long as the government maintains a restrictive fiscal policy, analysts said Wednesday.
		The country introduced a crawling peg devaluation system in March and has been lowering the value of the forint by 1.3 percent a month since July.
		By the end of this year the forint will have lost nearly 30 percent of its value since December.
	www.moscowtimes.ru /stories/1995/08/24/038.html (178 words)

	Guardian International Currency Hungarian Forint
		Forint banknotes are issued in the following denominations: 200, 500, 1000, 5000, and 10000 Forint.
		Older 500, 1000 and 5000 Forint notes were removed in August 1999.
		The 5000 Forint note is redeemable until November 30, 1999.
	www.guardianfx.com /information/europe/hungary.html (108 words)

	The Budapest Sun Online - Forint trading band issue boils over (Site not responding. Last check: 2007-11-02)
		The Hungarian forint continued weakening yesterday afternoon, to Ft 275.1 per euro, its lowest rate since the euro was launched, although later it strengthened to a range of between Ft 269272 per euro.
		According to Raiffeisen analyst Zoltan Torok, investors are nearly unified in their opinion that the present forint exchange-rate trading band should be given up, and a new date for the launch of the euro in Hungary should be established.
		Torok says that in order to avoid further speculation against the forint by large money market funds, necessary reforms should be undertaken, and a new economic growth plan should be formulated.
	www.budapestsun.com /dailynews/bpsundailynews041220032.htm (434 words)

	Global Insight // Our Perspective
		This reflected the fact that the sustained upward momentum behind the forint has effectively negated oil price pressures, which have demonstrably raised the price level elsewhere in the region.
		The most recent cut in interest rates, while likely to be welcomed by the government, will do little to assuage the relative attractiveness of Hungarian financial assets and thus stem the inflow of short-term capital.
		Moreover, the maintenance of very tight monetary policy is raising endemic risks on the domestic side, given that high domestic borrowing costs are encouraging households and businesses in increasing numbers to seek financing in euro denomination abroad.
	www.globalinsight.com /Perspective/PerspectiveDetail1271.htm (670 words)

	Ungarischer Forint auf Allzeittief
		Damit verlor der Forint in den letzten zwei Wochen gegenüber dem Euro mehr als 5 Prozent — angesichts der Talfahrt von Emerging-Markets-Währungen ist ein Ende des Kursverfalls aber nicht in Sicht.
		So half es dem Forint auch nicht, dass die ungarische Zentralbank (MNB) auf ihrem jüngsten geldpolitischen Treffen überraschend den Leitzins um 25 Basispunkte auf 6,25 Prozent erhöhte.
		Mit heftigen Gegenbewegungen des Forint durch zwischenzeitliche Interventionen der MNB muss aber ebenfalls gerechnet werden.
	www.handelsblatt.com /news/default.aspx?_p=301867&_t=ft&_b=1097922 (547 words)

	CME Rulebook - Options on Hungarian Forint Futures (Site not responding. Last check: 2007-11-02)
		For purposes of this rule, Exchange staff for the Hungarian forint shall have the responsibility of determining during RTH whether the primary futures contract is limit bid or offered.
		The trading unit shall be an option to buy, in the case of the call, or to sell, in the case of the put, one Hungarian forint futures contract as specified in Chapter 267.
		All Hungarian forint options that are in the money[2] and have not been liquidated or exercised prior to the termination of trading, shall, in the absence of contrary instructions delivered to the Clearing House by 7:00 p.m.
	rulebook.cme.com /rulebook10979.html (2188 words)

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