Forint weakens to new low
The forint hit a new historic low against major currencies on Tuesday, trading at 409.84 to the euro in the afternoon.
The Hungarian currency staged a partial recovery to 407.43 per euro by 7pm, compared with 402.10 at 7am.
The forint weakened to a new low of 399.42 against the dollar on Tuesday before firming to 397.77 by the evening.
The forint traded at 410.20 against the Swiss franc at 7pm after reaching a new low of 412.71 during the day.
At 7pm, the forint was down by 10.5 percent against the euro compared with the start of the year, 22.6 percent against the dollar, and by 15.4 percent against the Swiss franc.