USDHUF - US Dollar / Hungarian Forint
Trading Conditions
* Only if Margin Level > 100%
The average spreads provided for each platform are updated on a daily basis to reflect the average for the previous day. Though FxPro attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. FxPro has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions of Business'.
The USD/HUF combination links an important European currency to a major global currency, in the forms of the Hungarian forint and the American dollar. The pair is heavily influenced by the economic performances of these two nations, and thanks to the varied factors that influence them, it tends to be volatile, hard to predict and high risk. This renders the combination largely unsuitable for novices, yet it means that it poses an ideal investment for the experienced trader with a high risk threshold and an eye for opportunity.
In 2001, the Hungarian forint was tied to the Euro. Already in 2008, the National Bank of Hungary refused to bind the forint in order to make the national currency exchange rate stronger and reduce inflation as well (the strongest inflation in Hungary in 1946 was about 400% per day). The main factors that may affect the exchange rate of USD/HUF is the situation in the USA and in Hungary itself.
If you are interested in trading the USD/HUF currency pair, contact FxPro today and open trading account in several minutes to test your trading strategy.