EUR/HUF timeline — Living with a Strong Forint

Context

2023–2025 average — the "weak forint" baseline that underpinned Hungary's price-competitive positioning internationally

Q1 2026 (pre-election) — peak weakness; elevated political risk premium ahead of the vote

12 April 2026 (election night) — immediate market reaction to change of power

Mid-June 2026 — strongest forint level in nearly five years

Late June 2026 — current trading range

EUR/HUF exchange rate by period: 2023–2025 average approximately 395–410, the weak-forint baseline; Q1 2026 pre-election approximately 395–400, peak weakness; 12 April 2026 election night, fell below 370, immediate market reaction; mid-June 2026 approximately 345–350, strongest forint level in nearly five years; late June 2026 approximately 354–356, current trading range.
Period	EUR/HUF (approx.)	Context
2023–2025 average	~395–410	The "weak forint" baseline that underpinned Hungary's price-competitive positioning internationally
Q1 2026 (pre-election)	~395–400	Peak weakness; elevated political risk premium ahead of the vote
12 April 2026 (election night)	Fell below 370	Immediate market reaction to change of power
Mid-June 2026	~345–350	Strongest forint level in nearly five years
Late June 2026	~354–356	Current trading range