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FX BANK FORECAST · COVERAGE
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Aggregated year-end forecasts, scenario shifts, and curated analyst notes from 31 institutional desks. No promotion.
FX BANK FORECAST · COVERAGE
Aggregated year-end forecasts, scenario shifts, and curated analyst notes from 31 institutional desks. No promotion.
| Firm | Stance | YE 2026 |
|---|---|---|
Citi | Bearish | 375 |
Société Générale | — | 345 |
Mizuho | — | 342 |
HSBC | Bullish | 340 |
BNP Paribas | — | 335 |
UBS | — | 333 |
RBC Capital Markets | — | 330 |
Nomura | — | 330 |
All 18 desk targets for USD/HUF
USD/HUF · 2026 Bank Forecast
Spot 317 · 18-bank consensus 319 (+0.7%) by Dec 2026
Institutional 2026 consensus for USD/HUF, aggregated from 18 major sell-side investment banks. Each firm contributes a Dec-2026 year-end target alongside quarterly checkpoints. Below: the distribution shape, outliers, quarterly trajectory, and per-firm breakdown.
Other pairs: EUR/USD · GBP/USD · USD/JPY · USD/CHF · USD/CAD · AUD/USD · NZD/USD
Bank consensus from 18 banks puts USD/HUF at 319 (range 288–375) by Dec 2026 — +0.7% from the last close of 317.
USD/HUF — 2026 consensus trajectory · quarter-by-quarter
Quarterly path (Mar · Jun · Sep · Dec) · price-vs-forecast overlay
Per-firm distribution · USD/HUF Dec '26 · sorted table
Per-firm dot plot · all-firms table · per-firm bars · 31 firms
MUFG |
MS |
BofA |
ING |
DB |
The cross-bank consensus puts USD/HUF at 324 (median) by December 2026, based on the published year-end targets of 18 investment banks. Individual desk targets span 288 to 375, with a cross-firm mean of 319. That spread matters as much as the midpoint: a tight range signals genuine sell-side agreement on the USD/HUF path, while a wide one tells you the desks are split on the macro drivers behind it.
Citi currently holds the highest year-end 2026 USD/HUF target among the desks we track, at 375 — 15.7% above the cross-bank median. The full board — every covered bank's target, quarterly path and positioning versus consensus — is part of the paid tier.
Continuously. Investment banks revise their published USD/HUF targets as new research lands — typically around central-bank meetings, major data releases and their scheduled forecast rounds. This page recomputes the USD/HUF consensus median, range and per-firm distribution automatically whenever any covered desk publishes a new target, so the aggregate always reflects each bank's latest published view rather than a quarterly snapshot.
Across the major sell-side research desks we track, the most-cited drivers shaping the USD/HUF outlook are attractive rates and fx after sell-off and improved entry levels, central bank signaling fx sensitivity (eur/huf above helpful levels), central bank surprised with dovish outcome, signaling mini-cycle over summer, eur/huf stabilisation near post-election levels seen as opportunity, and recent sell-off seen as overdone. The single most widely shared of these themes appears in the views of 1 different banks, which makes it the closest thing to a true cross-desk consensus narrative for USD/HUF right now. These are the structural and cyclical forces — the relative monetary-policy paths, growth differentials, fiscal dynamics and capital-flow shifts — that strategists keep returning to when they frame their USD/HUF year-end targets. Watching which of these drivers gains or loses backing over time is often a more durable signal than any single point forecast, because it shows where the institutional debate is actually concentrated.
The main risks that investment-bank strategists flag for USD/HUF center on the scenarios that would push the pair away from the central consensus path. Recurring risk triggers cited across the desks include central bank proceeds with summer mini-cycle of cuts without credible fx pushback; and crowded long positioning and global risk-off sentiment drive further profit-taking beyond post-election levels. These are the alternative paths — the bullish and bearish tail cases — that banks build into their scenario analysis around their base case. Because several independent desks raise overlapping triggers, the clustering itself is informative: it highlights the catalysts the market is most alert to and the conditions under which the USD/HUF consensus would be revised. Monitoring these shared risk narratives helps you understand not just where banks expect USD/HUF to go, but what would make them change their mind.
Our USD/HUF consensus aggregates the published forecasts and research narratives of the major global investment banks, comparing their year-end targets, quarterly paths and the reasoning behind them side by side. Rather than relying on any one house view, the page clusters the drivers and risk scenarios that recur across desks so you can see where the sell side genuinely agrees and where it splits. Each driver above shows how many separate banks cite it, turning a pile of individual reports into a single legible map of institutional conviction. The full per-firm distribution, individual bank targets and the detailed scenario levels behind each view are available to subscribers, while the aggregate consensus picture is open to everyone.