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Hungary - Hungarian Forint - Currency Guide

 

Foreign exchange guide to Hungary and the Hungarian Forint (HUF)

     

USD/HUF Trend (90-day)

USDHUF at 302.30 is 2.2% above its 90-DAY average, range 289.68-302.32.
🔔 USDHUF is UP 2.4% this 7-DAY period and at 90-DAY HIGHS.
|
Alerts:7-DAY2.4% | 90-DAY HIGHS |
 
Recent USD to HUF Trend + Alerts

The above interactive chart shows the USD/HUF Exchange Rate, Trends and Alerts - UP DOWN HIGH LOW

General Currency Info - Hungarian Forint

The forint – originally florentinus, taken from the Italian city of Florence – was used in Hungary as early as the fourteenth century. It is subdivided into 100 fillér, although due to the effects of inflation one fillér is now virtually worthless and the fillér coins are no longer in circulation.

The forint was replaced as Hungary’s currency but reintroduced following World War II after hyperinflation crippled the pengő used during and prior to the war.

As a member of the European Union, Hungary should, at some point, adopt the euro as its national currency. Since Hungary has not yet joined ERM-II (a requirement for euro adoption), the single currency is unlikely to be used in Hungary prior to the 2020s. In a survey of public opinion by the European Commission in 2015, 60% of Hungarians were in favour of replacing the forint with the euro.

Hungarians are mostly concerned with the value of their currency against the euro, since nearly 80% of Hungarian exports go to the euro area. Since the euro’s introduction in 1999, the EUR/HUF exchange rate has traded between 227.29 (July 2008) and 326.64 (January 2015).

Against the world’s reserve currency, the US dollar, the forint was weakest in October 2000 when USD/HUF reached 317.56. The currency was strongest in July 2008 when USD/HUF fell to 143.39.

   

HUF News, Forecasts and Trends

US Dollar to Hungarian Forint - Historical Rates

USD/HUFChangePeriod
295.19
22 Feb 2021
2.3% ▲1 Week
294.55
30 Jan 2021
2.6% ▲30 Days
295.34
01 Dec 2020
2.3% ▲90 Days
307.06
01 Mar 2020
1.6% ▼1 Year
285.70
02 Mar 2016
5.7% ▲5 Years
194.73
04 Mar 2011
55.1% ▲10 Years

USD/HUF 10 year historic rates & change to 01-Mar-2021 : 302.11

 

$10,000 USD
=
Ft3,023,613 HUF

Converted at USD/HUF interbank rate, compare Send Money and Currency Exchange exchange rates.

US Dollar to Hungarian Forint - Quick Convert

USD HUF
$ 1 Ft 302.36
$ 5 Ft 1,512
$ 10 Ft 3,024
$ 20 Ft 6,047
$ 50 Ft 15,118
$ 100 Ft 30,236
$ 250 Ft 75,590
$ 500 Ft 151,180
$ 1,000 Ft 302,360
$ 2,000 Ft 604,720
$ 5,000 Ft 1,511,800
$ 10,000 Ft 3,023,600
$ 50,000 Ft 15,118,000
$ 100,000 Ft 30,236,000
More amounts
USD HUF
$ 0.0033 Ft 1
$ 0.0165 Ft 5
$ 0.0331 Ft 10
$ 0.0661 Ft 20
$ 0.1654 Ft 50
$ 0.3307 Ft 100
$ 0.8268 Ft 250
$ 1.6535 Ft 500
$ 3.3070 Ft 1,000
$ 6.6140 Ft 2,000
$ 16.54 Ft 5,000
$ 33.07 Ft 10,000
$ 165.35 Ft 50,000
$ 330.70 Ft 100,000
More amounts
 

Frequently Asked Questions

 

What currency should I use in Hungary?

The domestic currency in Hungary is the Hungarian Forint.

What is the Hungarian Forint currency code and symbol?

The three letter currency code for the Hungarian Forint is HUF — symbol is Ft.

Which countries use the Hungarian Forint?

It is the domestic currency in    Hungary.

Is the Hungarian Forint a closed currency?

No, the Hungarian Forint is freely available and convertible. See guide: What is a closed currency?

 

Travel, Currency and Money saving tips for Hungary

Hungary is still considered to be a really good value travel destination. You can still get by on a shoestring budget staying in a dorm, having a meal, and doing an excursion each day. That doesn't mean to say there's nothing there for the more well-heeled traveller, Budapest has boutique hotels, fine dining restaurants, cafes and bars, plus the famous thermal baths sprinkled around the city.

The official currency is the Forint (Ft), and its still possible to get by on daily budget of 12,000ft, which is significantly less than one could get by on in western Europe.

Credit cards are widely accepted in the capital but as always, carry some cash or a travel card especially if you are travelling outside of Budapest. Euros are generally accepted but stay aware of the exchange rate as it is unlikely that you will be getting a good rate when you spend Euros.

At present, you can not preload hungarian forint onto a travel card, but you can pre-load with Euros and spend Euros. Be aware, dynamic currency conversion will occur when you make a purchase or withdrawal in Euros, and often this will cost more. The upside is you will know exactly what you will be paying at the time of purchase.

 

Travel money for Hungary

Save money and time by Ordering your Hungarian Forint online from Travelex, you get better rates and can pick up the HUF cash locally or even on travel day at the airport.

Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

For card purchases if offered a choice of currencies always select to Pay in Hungarian Forint otherwise you may get much worst exchange rates.

 

Send Money to Hungary - Best Rates

To get a good (and fair) exchange rate when sending money to Hungary you need to find and compare exchange rates for International Money Transfers (IMTs).

The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.

You should especially compare your own bank's exchange rates to those available from Money Transfer specialists to see how much you can save - we make that calculation easy in the below table.


Get a better deal for foreign transfers to Hungary

When sending money to Hungary it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :

  1. Open an account with a BER reviewed FX provider (id docs may be required)
  2. You specify the local or Hungarian Forint amount you want to transfer
  3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
  4. Once your funds are received by the provider the converted HUF amount will be transfered to the recipient account you specify in Hungary.

Use the above Send to Hungarian Forint calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Hungarian Forint deposited into the recipient bank account and less margins and fees kept by the banks!


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