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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
HUNGARY
- Since the start of the year, the war shock combined with the recent political uncertainty have left HUF vulnerable against the major crosses.
- We have seen that the HUF currently trades significantly below its ‘fundamental’ value (-25% below its ‘fair’ BEER value).
- This chart shows the dynamics of broad HUF (NEER) relative to its historical mean (using data since January 2000).
- Not surprisingly, the HUF is currently extremely ‘cheap’ relative to its historical range, with the HUF NEER currently trading over 19% below its historical mean.
- Historically, NEER FX tend to oscillate 15 percent below and above their LT average.
Source: Bloomberg/MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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