Hungarian Forint Extends Five-Month Decline as Stocks Drop

The forint dropped for a second day, heading for a fifth straight month of declines, and Hungarian stocks fell.

Hungary’s currency depreciated 1 percent to 312.5 per euro by 9:02 a.m. in Budapest, extending its loss this month to 3 percent. The benchmark BUX index of shares slid 0.5 percent to 16,845.4, led by OTP Bank Nyrt. and Mol Nyrt.

To contact the reporter on this story: Andras Gergely in Budapest at agergely@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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