Forint

The Senior Facilities provide for variable quarterly interest payments at a rate equal to the sum of the applicable margin plus EURIBOR (or BUBOR, if a loan is denominated in Hungarian forint) for the applicable quarterly interest period plus any mandatory costs.

The forint is the world's worst-performing currency in the last month, having lost 4.2 percent against the euro. ❋ Unknown (2012)

The forint is the world's worst-performing currency in the second half, having lost 15.5 percent to the euro since June 30. ❋ Unknown (2011)

The forint is the world's worst performing currency against the euro in the past three months, having lost 7.7 percent against the single currency. ❋ Unknown (2010)

MáV is calling the forint loans in two parts: one for HUF 1.7 billion and the other for HUF ❋ Unknown (2009)

Market positioning is relatively light, but given Hungary's vulnerabilities stemming from indebtedness, the forint could be a high beta currency in the emerging market asset class world. ❋ Unknown (2009)

"The country still operates on the forint, meaning big value for travelers." ❋ Zack O'Malley Greenburg (2010)

For example, the Hungarian forint depreciated by 23% against the Swiss franc between the start of the year and its weakest point in early August. ❋ Alen Mattich (2011)

Many Hungarian mortgages are priced in Swiss francs, meaning households have suffered as the forint has lost value in the currency markets. ❋ Unknown (2011)

Mr. Simor also used unusually explicit language in trying to talk up the value of the forint. ❋ Gordon Fairclough (2011)

Hungary's public debt rose by 5.9% of annual GDP in the third quarter alone, with 65% of that the result of a weakening of the forint and 35% because of new net debt issues by the government. ❋ Margit Feher (2011)

In terms of household liabilities, a decrease in foreign-currency loans exceeded the increase in forint borrowing, while other liabilities fell significantly, the bank said. ❋ Margit Feher (2011)

Our economy has grown for six consecutive quarters, unemployment levels are falling and the Hungarian forint is one of the world's strongest-performing currencies this year. ❋ Zsolt Becsey (2011)

Above, U.S. dollar, euro and Swiss franc bank notes are seen on top of the notes of the Hungarian forint. ❋ Kelly Evans (2011)