Hungarian forint slips modestly against euro and dollar

On June 1, 2026 the Hungarian forint weakened slightly in the early‑morning market. The euro was quoted at 354.05 forints, up from Friday's 353.75, while the U.S. dollar rose to 304.04 from 302.95 and the Swiss franc to 388.23 from 387.79.

May had seen the forint post strong gains – 2.9 % against the euro, 2.1 % against the dollar and 2.4 % against the franc – and a year‑to‑date appreciation of about 7.9 % versus the euro. Analysts linked the recent strength to improving market sentiment and expectations around EU funding, though the currency later gave back a small amount of that rally. Market commentary noted that the forint had already priced in the anticipated departure of the Hungarian president, showing limited reaction to recent political briefings.

Overall, the modest decline reflects short‑term volatility rather than a trend reversal.