This is the forex quote for the Euro
against the Hungarian Forint. In this quote, the value of one EUR (the 'base currency') is quoted in terms of HUF (the 'counter currency'). The Hungarian economy and by extension HUF are highly sensitive to developments that shape trends in external demand from its top trading partners. These are primarily members of the European Union (EU) as well as Russia. In recent years, another major theme has been the government's inability to service its debt burden. This led to an EU/IMF bailout worth over $25 billion in 2008. Negotiations about a second bailout package broke down in 2012. The pair may likewise find volatility in news-flow related to the Eurozone debt crisis.