EUR/HUF to gradually move higher through 2023 and end the year at 425 – TDS Hungary EURHUF Banks Europe Ukraine
“We don't see any room for EUR/HUF to permanently move below 400. We think that a gradual HUF spot depreciation in the order of magnitude of 5-10% is in the interest of the NBH. As such, we think that EUR/HUF will gradually move higher through 2023 and end the year at 425.”
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