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Foreign Exchange Guide to Hungary

Read this currency guide to Hungary with money transfer and travel tips.   [USD/HUF=283.82]

 
Hungary
Country Code:
HU
Domestic Currency:
Hungarian Forint
Symbol - Code:
Ft HUF
Telephone Prefix:
+36

This is a foreign exchange guide to Hungary, the Hungarian Forint currency plus HUF transfers and travel tips.


In this Hungary currency guide we take a look at :

  1. Hungarian Forint info - general info about the Hungarian Forint
  2. Hungarian Forint in the markets - recent HUF moves and predictions from the FX markets
  3. Travelling in Hungary - currency & money saving tips
  4. Buying Hungarian Forint cash online - travel money for Hungary
  5. Sending money to Hungary - save on Hungarian Forint bank transfers to Hungary
  6. Hungarian Forint exchange rates - latest & historic exchange rates.

Hungarian Forint (HUF) general currency information


What is the Hungarian Forint currency code and symbol?

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


Which countries use the Hungarian Forint?

It is the domestic currency in Hungary.

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.


Hungarian Forint (HUF) in the markets

The interactive chart below shows the USD to HUF exchange rate and trend for the previous 3 months:

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.

   

Hungary Trip Checklist    

 
  1. Compare HUF travel cash rates - probably why you are here!
  2. Search Hotel deals - Save on your accomodation in Hungary
  3. Lonely Planet - world's best travel guide (coupon and deals)

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 foreign-transfer exchange 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 here).


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 our Send to HUF 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!

   

Bank Transfers to Hungary

Compare Transfer Rates

 

HUF/USD - Hungarian Forint to United States Dollar - Historical Rates

PeriodHUF/USDDate
1 Day0.00351023 Jun 2019
1 Week0.00348217 Jun 2019
1 Month0.00344325 May 2019
6 Months0.00353526 Dec 2018
1 Year0.00359224 Jun 2018
5 Years0.00444125 Jun 2014
10 Years0.00511226 Jun 2009

HUF/EUR - Hungarian Forint to Euro - Historical Rates

PeriodHUF/EURDate
1 Day0.00308323 Jun 2019
1 Week0.00310217 Jun 2019
1 Month0.00307325 May 2019
6 Months0.00311126 Dec 2018
1 Year0.00308124 Jun 2018
5 Years0.00325825 Jun 2014
10 Years0.00363326 Jun 2009

HUF/GBP - Hungarian Forint to British Pound Sterling - 10 Year History

PeriodHUF/GBPDate
1 Day0.00275323 Jun 2019
1 Week0.00277617 Jun 2019
1 Month0.00270825 May 2019
6 Months0.00279526 Dec 2018
1 Year0.00270924 Jun 2018
5 Years0.00261525 Jun 2014
10 Years0.00309626 Jun 2009

HUF/AUD - Hungarian Forint to Australian Dollar - Historical Rates

PeriodHUF/AUDDate
1 Day0.00505323 Jun 2019
1 Week0.00508217 Jun 2019
1 Month0.00497025 May 2019
6 Months0.00499726 Dec 2018
1 Year0.00482924 Jun 2018
5 Years0.00472425 Jun 2014
10 Years0.00633526 Jun 2009

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