USD/HUF

USD/HUF CFD is a product offered by OANDA, and is based on a currency pair that represents the value of the US Dollar against the Hungarian Forint.  

The US Dollar is the world's primary reserve currency and the most widely traded currency globally. Its value is influenced by US economic performance, Federal Reserve monetary policy, and global economic sentiment.  

The Hungarian Forint, issued in Hungary, is influenced by the economic performance of Hungary, which is closely tied to the Eurozone due to trade relationships.

The Hungarian National Bank's (MNB) monetary policy also plays a significant role in the Forint's value. The USD/HUF currency pair will be influenced by the relative economic performance and monetary policies of the United States and Hungary