Forint weakens slightly on interbank forex market
TMCnet - The World's Largest Communications and Technology Community
TMC Launches New Sites ::  NGC  |  4GWE  |  Green Tech  |  Satellite  |  IT |  ITEXPO  |  Healthcare  |  Smart Grid  |  M2M  |  Smart Products  |  AstriCon News  |  SATCON News
TMCnet CHANNELS
#1 VoIP Enabler: Risk-free, Quick & Easy Deployment
Advanced Carrier Services
Advanced IP Carrier
Answering Service
Appliance Deployment
ATCA
Auto Dialer
BPA (3rd Party Remote Call Monitoring)
Broadcast Modulator
Business Phone Systems
Business Process Automation
Business VoIP
Call Center
Call Center Certification
Call Center Digital Signage
Call Center Furniture
Call Center Hiring
Call Center Management
Call Center On Demand
Call Center Outsourcing
Call Center Scheduling
Call Center Software
Call Center Solutions
Call Center Training
Call Center Workforce Management
Call Monitoring
Call Recording
Communications Enabled Business Processes
Conference Call
Conferencing
Contact Center Headsets
Contact Center Software
CRM Cloud Computing
CRM Software
CRM Solutions
DID/DDI
Digital Signage
e911
E911 Hosted Solutions
Email Archiving
Email Server
Enterprise Fax over IP
Enterprise VoIP
Ethernet Extender
Fax
Fax Over IP
FoIP
HD Conference
Hosted Contact Center
Hosted PBX
Integrated Communications
IP Fax
IP Multimedia
IP Phone Maker
IP Phone System
IP Phones
IP Transit
IVR
Lead Management Software
Master Agent
Mobile Management
Mobile Unified Communications
Mobile Video
NEBS
Network Installation
Open Source CRM
PBX PCI Adapter
Phone Systems
Portable Satellite Antenna
Predictive Dialer
Sales Software
SATCON
SIP
Speech Recognition and Text to Speech
Telecom Cost Management
Telecom Expense Management
Telecom Lifecycle Management
Telemarketing Software
Telepresence
Testing IP Services
Virtual Call Center
Virtual Office
Virtual PBX
Virtual Receptionist
Voice Broadcast
Voice Management
Voice Over IP
Voice Peering
Voicemail Replacement
VoIP Call Recording
VoIP Contact Center
VoIP Developer
VoIP Gateways
VoIP Monitoring
VoIPSwitch
Web Conferencing
Web Meeting
Wholesale VoIP
Wireless Expense Management
Wireless Management
Workforce Management
Workforce Optimization
Share
TMCnews
[April 17, 2007]

Forint weakens slightly on interbank forex market

(Hungarian News Agency Via Thomson Dialog NewsEdge) Budapest, April 17, 2007 (MTI-ECONEWS) - The forint was trading at 245.50/60 to the euro late on Tuesday, compared to 245.20/30 on Monday, weakening a slight 11bp to 13.04pc on the strong side of its +/-15pc intervention band.



The forint traded between 245.20 and 246.20 to the euro during the session, moving parallel with other emerging market currencies.

The forint was trading at 180.60/70 to the dollar late on Tuesday, firming from 180.95/181.05 on Monday.



On the forint market, O/N rates rose 30bp to 7.95/8.10pc after banks decided to put HUF 511.3bn into central bank two-week bills on Wednesday, 25.6bn more than the amount of the bills maturing. Total two-week bill stock will rise to HUF 1,116.2bn as a result.

Traders said many investors are betting the National Bank of Hungary will cut rates 25bp at a meeting on Monday.

On the secondary market for government securities, yields rose 1-5bp.

Copyright 2007 Hungarian News Agency Corporation. Source: Financial Times Information Limited.

[ Back To TMCnet.com's Homepage ]
Discussions:
Be the first to post a comment on this page!
 
By  
TMCnet
+ Add to the Discussion
Bookmark mobile.TMCnet.com on your mobile phone now to stay on top of the latest tech news.
TMCnet Videos
Featured White Papers
Featured White Paper RSS feed
10 reasons to switch to an IP PBX
Application Whitelisting: A new security paradigm
SCADA Systems Protection
view all white papers…
Top Stories
Today's TMCnet Top Stories and News Articles
Remote Computer Access Now Available Via IPhone
IDT's PennyTalk Available as iTunes App
Wild for Animal Prints? Try This Flip
Separating the Sensors from the Actuators in Smart Platform Design
Shazam Announces Availability of (RED) App
more of today's top stories...
Related VoIP News
Latest IP Communitions and VoIP News
Teledata ICT of Ghana Using VocalTec's Essentra BAX VoIP Application Server
Sendmail, Osterman Detect E-Mail Cloud Trends
UC's Logicalis Moves Dallas Office to Plano
Nepal Satellite Telecom Selects eServGlobal for Business Models
TIO Networks Launches Real-Time Bill Payment Processing Service for Cox Communications

Subscribe FREE to all of TMC's monthly magazines. Click here now.