In remarks at the Best of BSE Award Gala, National Bank of Hungary Governor Mihály Varga said Hungary’s market stability had strengthened over the past year, citing a firmer forint, lower inflation and record-high reserves, alongside record-setting performance by the Budapest Stock Exchange (BSE). Varga said the EUR/HUF exchange rate had appreciated from around HUF 410 at end-2024 to approximately HUF 375, inflation had fallen to 2.1% by January, and foreign exchange reserves had reached EUR 56.8bn. He also noted that average daily trading turnover on the Hungarian stock exchange rose 50% and that stock market indices reached historic highs. He added that households’ holdings of domestic equities had increased fivefold over the past decade and that household financial wealth exceeded HUF 118,000bn in the final quarter of 2025. The event also included the presentation of 22 awards across 18 categories to capital market participants.
National Bank of Hungary 2026-02-26
National Bank of Hungary Governor links stronger forint and EUR 56.8bn reserves to record Budapest Stock Exchange performance
National Bank of Hungary Governor Mihály Varga highlighted strengthened market stability, citing a firmer forint, reduced inflation to 2.1%, and record-high foreign exchange reserves of EUR 56.8bn. The Budapest Stock Exchange saw a 50% increase in average daily trading turnover and historic highs in stock market indices. Additionally, household financial wealth surpassed HUF 118,000bn in Q4 2025.