Today's HUF to USD Price Update

Summary

This report provides the real-time exchange rate between the Hungarian Forint (HUF) and the U.S. Dollar (USD), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The U.S. Dollar (USD) is one of the world’s most dominant fiat currencies, while the Hungarian Forint (HUF) is the official currency of Hungary. The exchange rate between them reflects market sentiment regarding economic conditions in both the United States and Hungary, as well as investor confidence in currency stability and monetary policy effectiveness.

Today’s Price

• 1 HUF = 0.00303 USD
• 24h High: 0.0030311 USD
• 24h Low: 0.0030289 USD

Market Analysis

The USD/HUF exchange rate is influenced by monetary policy decisions from the U.S. Federal Reserve and the Hungarian National Bank (Magyar Nemzeti Bank), as well as economic indicators and developments within both countries, including GDP growth, unemployment rates, inflation, and trade balances. Broader global market sentiment also plays a significant role in price movements.

• Technical levels: Key support at 327.922, resistance at 667.388
• Weekly volatility: The USD/HUF pair typically moves in a range of approximately 2.3 points on a week-to-week basis
• Trading activity: Market liquidity is typically higher during European and U.S. trading sessions, particularly around key economic releases from both nations

Conclusion

Continue to monitor the HUF/USD pair closely, integrating monetary policy announcements and macroeconomic data releases from both the United States and Hungary. Focus on trading during peak liquidity hours to capitalize on potential price movements driven by economic indicators and central bank decisions.