USDHUF is a currency pair consisting of the US dollar and the Hungarian forint. To understand the nature of the movement of this trading instrument, one needs to have an idea of the peculiarities of the US and Hungarian economies. Hungary is one of the developed industrial countries of Central Europe. The main sectors of its economy are metallurgy, machine building, chemical industry, and developed agriculture. A significant part of agricultural products is exported to the EU countries and Russia. The USA is a state with a highly developed economy, in which the leading sectors are trade, industry, and services. In order to correctly prepare a fundamental analysis of USDHUF, it is necessary to monitor the changes in the US and EU economic indicators in a timely manner, i.e. to take into account the current interest rates, labor market and unemployment data, inflation and GDP figures of both countries when forecasting the US dollar rate for the Hungarian Forint. With a serious approach to the analysis of the pair, you will be able to trade USD/HUF using the potential of its movement to get profit. In order to inform traders about the current rate of the pair on Forex, the chart of USD/HUF online quotes in real time is presented below.
Risk warning: Trading in FX and CFDs entails high risk of losing capital.