Currency traders looking to profit from volatility in Europe should be taking a look at Hungary – the first European Union country to have been bailed out by the International Monetary Fund, when it received $25bn in 2008.

Hungary's currency, the forint, continues to be more volatile than its contemporaries - the Czech Koruna and Polish Zloty. It also has bad fundamentals - Hungary has roughly $21.2bn in foreign debt, much of it denominated in Swiss francs, which left the country exposed to the franc's sharp appreciation in the summer.