The comparison table above helps you see the total cost of your OFX currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
OFX - GBP Rate Margin Analysis
The average GBP rate margin offered by OFX is 3.0%.
This average is based on individual GBP 10K transfer rates in the currency pairs from OFX that we monitor.
💡 It is important to note that these OFX rates are their public quoted rates and do not include our special BER/OFX deals rates which start at 0.5% for major currencies and improve for larger amounts. Please use our calculators to check these special rates and use our 'Visit OFX' links to secure these deals.
OFX - Best and Worst Value Rates
The tables below show the best and worst exchange rate margins offered by OFX for British pound (GBP 10K)
transactions. Margins show the percentage difference from the mid-market rate.
Bias: The GBP/HUF is currently bullish-to-range-bound, slightly above the 90-day average and in the upper half of its 3-month range.
Key drivers:
- Rate gap: Bank of England’s cautious rate stance vs. Hungarian central bank’s higher rates.
- Risk/commodities: Stable oil prices boosting HUF as lower energy costs ease inflation.
- Economic outlook: UK’s slower GDP growth limiting Pound's upside potential.
Range: The GBP/HUF is expected to drift within its recent range, influenced by external market movements.
What could change it:
- Upside risk: UK economic data surprises could boost the Pound.
- Downside risk: Inflation worries in Hungary may tighten monetary policy, strengthening the Forint.
GBP/HUF is bullish-to-range-bound as it hovers above the 90-day avg. UK’s slow growth limits POS potential, while HUF benefits from stable oil prices. Expect the pair to stay in its recent range; external factors may sway direction
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GBP to HUF Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much British pound are worth in Hungarian forint across a range of amounts.
This gives a quick view of what you’d get when converting different GBP amounts at today’s rate * :
What is the
OFX Send Money conversion rate for GBP to HUF?
The OFX GBP to HUF exchange rate is 442.84. This is -0.5% compared to the latest GBP-HUF mid-market rate 445.06.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
British pound (GBP) to Hungarian forint (HUF) rates from different sources before making a conversion.
The above
OFX - Sterling to Forint comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
OFX and other foreign exchange providers against the latest GBP-HUF mid-rate and the possible savings of using various providers.
How do OFX GBP-HUF rates compare between providers?
Looking at the full
GBP to HUF - Send Money comparison table the provider with the best GBP to HUF exchange rate is OFX at 442.84, -0.5% from the latest mid-market rate 445.06.
The next best is XE at 442.39, -0.6% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate.
For more competitive rates, you might consider using a specialized currency exchange service
like OFX or platforms that offer rates closer to the mid-market rate.