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Hungary - Hungarian Forint - Currency Guide

 

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

   

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

The below interactive chart shows the AED to HUF exchange rate, trend and recent alerts for the last 90 days.

   
Recent AED to HUF 90-day trend
 
1-DAY0.8% (2d)90-DAY-LOW (4d)
AED to HUF at 79.79 was trading 5.8% below AVG:84.69 with LO:79.09 and HI:89.97 (90 days). There are no current rate alerts.

United Arab Emirates Dirham to Hungarian Forint - Historical Rates

AED/HUF ratePeriod
27 Jul 2020 : 80.09361 Week
04 Jul 2020 : 85.533630 Days
05 May 2020 : 88.018390 Days
04 Aug 2019 : 80.22181 Year
05 Aug 2015 : 77.17375 Years
06 Aug 2010 : 57.617510 Years
AED/HUF 10 year historic rates
 

د.إ1,000 AED
=
Ft79,789 HUF

Converted at AED/HUF wholesale exchange rate, compare foreign transfer and spend/travel exchange rates.

 
 

United Arab Emirates Dirham to Hungarian Forint - Quick Conversions

AED HUF
د.إ 1 Ft 79.79
د.إ 5 Ft 398.95
د.إ 10 Ft 797.90
د.إ 20 Ft 1,596
د.إ 50 Ft 3,990
د.إ 100 Ft 7,979
د.إ 250 Ft 19,948
د.إ 500 Ft 39,895
د.إ 1,000 Ft 79,790
د.إ 2,000 Ft 159,580
د.إ 5,000 Ft 398,950
د.إ 10,000 Ft 797,900
د.إ 50,000 Ft 3,989,500
د.إ 100,000 Ft 7,979,000
More amounts
AED HUF
د.إ 0.0125 Ft 1
د.إ 0.0627 Ft 5
د.إ 0.1253 Ft 10
د.إ 0.2507 Ft 20
د.إ 0.6267 Ft 50
د.إ 1.2533 Ft 100
د.إ 3.1333 Ft 250
د.إ 6.2665 Ft 500
د.إ 12.53 Ft 1,000
د.إ 25.07 Ft 2,000
د.إ 62.67 Ft 5,000
د.إ 125.33 Ft 10,000
د.إ 626.65 Ft 50,000
د.إ 1,253 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.

 

Sending money to Hungary

When searching around for information on how to get a good exchange rate when sending money to Hungary you need to start with finding out the latest Hungarian Forint exchange rate for foreign-transfers, which can be very different to the wholesale rate.

Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees 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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