Bloomberg News

Hungary Forint Basic Trend Points to More Gains, Patai Says

September 30, 2011

Sept. 30 (Bloomberg) -- The Hungarian forint is set to strengthen in the long-term, Mihaly Patai, head of the Hungarian Banking Association said.

“The basic trend of the forint points toward more gains going forward,” Patai said at a conference in Budapest today. Exhcange rate “swings” are likely to take place, with volatility caused primarily by global economic events, he said.

To contact the editor responsible for this story: Edith Balazs at ebalazs1@bloomberg.net


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