So in my country they say we soon reach a record low value of 365 HUF/EUR and i was thinking, who has the authority to justify this value and how it is calculated?
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It’s the supply and demand equilibrium of the market, rather than some top-down authority. In other words, the most popular trading between the two currencies currently is on the basis that a single EUR is worth 365 HUF. And so The 365 HUF/EUR is literally the calculation.
The valuation comes from various economic factors, including the financial and economic stability and potential of each country (or union).
It’s the supply and demand equilibrium of the market, rather than some top-down authority. In other words, the most popular trading between the two currencies currently is on the basis that a single EUR is worth 365 HUF. And so The 365 HUF/EUR is literally the calculation.
The valuation comes from various economic factors, including the financial and economic stability and potential of each country (or union).
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