ANL 10.46 Decreased By ▼ -0.05 (-0.48%)
ASC 9.61 Increased By ▲ 0.28 (3%)
ASL 10.50 Decreased By ▼ -0.01 (-0.1%)
AVN 69.01 Increased By ▲ 0.61 (0.89%)
BOP 5.94 Increased By ▲ 0.02 (0.34%)
CNERGY 5.26 Increased By ▲ 0.06 (1.15%)
FFL 6.60 Increased By ▲ 0.19 (2.96%)
FNEL 6.03 Decreased By ▼ -0.07 (-1.15%)
GGGL 11.23 Increased By ▲ 0.18 (1.63%)
GGL 15.18 Increased By ▲ 0.01 (0.07%)
GTECH 9.20 Increased By ▲ 0.20 (2.22%)
HUMNL 6.36 Increased By ▲ 0.01 (0.16%)
KEL 2.54 Decreased By ▼ -0.01 (-0.39%)
KOSM 2.89 No Change ▼ 0.00 (0%)
MLCF 27.90 Decreased By ▼ -0.75 (-2.62%)
PACE 2.90 No Change ▼ 0.00 (0%)
PIBTL 6.09 Increased By ▲ 0.09 (1.5%)
PRL 15.08 Increased By ▲ 0.33 (2.24%)
PTC 6.94 Increased By ▲ 0.01 (0.14%)
SILK 1.03 Increased By ▲ 0.02 (1.98%)
SNGP 26.24 Decreased By ▼ -0.36 (-1.35%)
TELE 10.17 Decreased By ▼ -0.01 (-0.1%)
TPL 8.95 Decreased By ▼ -0.05 (-0.56%)
TPLP 15.62 Decreased By ▼ -0.14 (-0.89%)
TREET 30.02 Decreased By ▼ -0.03 (-0.1%)
TRG 74.99 Increased By ▲ 1.28 (1.74%)
UNITY 21.68 Increased By ▲ 0.11 (0.51%)
WAVES 12.55 Increased By ▲ 0.25 (2.03%)
WTL 1.47 Increased By ▲ 0.02 (1.38%)
YOUW 4.80 Decreased By ▼ -0.11 (-2.24%)
BR100 4,226 Increased By 6.6 (0.16%)
BR30 14,471 Increased By 94.8 (0.66%)
KSE100 42,710 Increased By 42.4 (0.1%)
KSE30 16,249 Increased By 36.3 (0.22%)
Business & Finance

Hungary central bank provides EUR 760mn worth of funds at EUR/HUF swap tender

  • The National Bank of Hungary (NBH) has said it would hold foreign currency swap tenders at the end of each quarter if needed to reduce market volatility.
  • By providing euros via fx swaps, the NBH can ease selling pressure on the forint on the spot market.
31 Dec, 2020

BUDAPEST: Hungary's central bank provided 760 million euros ($932 million) worth of liquidity to commercial banks at Wednesday's euro/forint swap tender, accepting all bids, the bank said.

The National Bank of Hungary (NBH) has said it would hold foreign currency swap tenders at the end of each quarter if needed to reduce market volatility.

By providing euros via fx swaps, the NBH can ease selling pressure on the forint on the spot market.

At 1301 GMT, the forint traded at 363.90 versus the euro, unchanged from levels just before the tender results, but still down about 9% for the year, underperforming its central European peers.

Comments

Comments are closed.