---

• n  the basic unit of money in Hungary

• Since last summer, the Polish zloty has lost 48% against Europe's common currency the euro, the Hungarian forint 30% and the Czech Krona 23%.
• Poland's zloty has dropped 29% against the euro in the past six months, the Hungarian forint by 20%, the Romanian Ieu 17% and the Czech koruna 12%.
• Hungary's festival pales by comparison with the old days, when Magyar aristocrats would spit on a 100-forint note (worth about $12.

News & Articles

---

• Forint Dives as Hungary Bond Yields Jump on Fed: Budapest Mover
  The forint plunged the most in three weeks and Hungary’s bond yields jumped as U.S. Federal Reserve said it may phase out stimulus, which has sustained demand for riskier assets.
  June 20, 2013 - Bloomberg
• Hungary Central Bank Ready to Act, Cinkotai Tells Napi
  Hungary is prepared to counter financial turbulence if markets deteriorate, central banker Janos Cinkotai said as the forint fell and bond yields soared on the U.S. Federal Reserve’s plan to taper its stimulus program.
  June 20, 2013 - Bloomberg
• Forint Drops Most in Week as Hungary Yields Jump: Budapest Mover
  The forint fell the most in more than a week on speculation that Hungary’s planned tax increases will hurt economic growth and as investors awaited a signal from the U.S. Federal Reserve about when it will taper stimulus.
  June 18, 2013 - Bloomberg

Quotes

---

• Ferenc Gyurcsany in Earthtimes (press release)
  The government is distinctly worried by the rapid fall in the value of the forint, and the fact that it is very difficult for businesses and individuals to get credit from banks,Gyurcsany said on Monday.
• Viktor Orban in Budapest Times
  Nearly every forint is paid in debt service and the government but keeps taking out loans with worse and worse conditions,Orban said.
• JP Morgan in Forex Pros
  It's likely to have a similar path as the forint,said JP Morgan analyst Miroslav Plojhar.