Hungarian Forint Hits 11-Month Low Against Euro

The Hungarian forint has fallen to its weakest level against the euro since the parliamentary election in April. The National Bank of Hungary (MNB) set the official daily exchange rate at 369.61 forints per euro on Wednesday, September 2.

This marks a significant decline for the Hungarian currency, which has been under pressure due to economic uncertainty and policy decisions by the government.

The MNB's move comes as Hungary is facing a difficult economic situation, with high inflation rates and a large budget deficit. The country's economy has also been impacted by the ongoing global economic slowdown.