Currency pair USDHUF is the representative of exotic financial instruments where the US dollar acts as the base currency, and the Hungarian Forint — convertible. The quotes of USDHUF show how many units of Hungarian Forints it is necessary to buy one American dollar. This trading instrument doesn't enjoy popularity at traders because of high volatility and low liquidity.
The economy of Hungary substantially depends on injections of the foreign equity therefore when forecasting price maneuvers of a currency pair USDHUF the special attention should be paid to the analysis of the current economic and geopolitical situation of the main partner countries, in particular, the EU and the Russian Federation.
Hungary is the advanced industrial country which conducts a vigorous trading activity. The exported production includes mechanical engineering, the metallurgical and chemical industry, and also agricultural goods. Travel business also has an impact on the economic situation in Hungary. The most active biddings on the currency pair USDHUF are conducted during working hours of the European exchange.