This forex pair represents the US Dollar - Hungarian Forint cross pair. Mining and metallurgy are large industries in Hungary while the economy is also dependent on exports of machinery and equipment (about 50% of exports). In contrast, the US Dollar
is the world's top reserve currency, lending a distinct US-European relationship to this currency. The USD/HUF has a significant negative correlation with the EURUSD
, with 60-day correlations ranging from -0.5 to -0.9 over the last five years.