Buy Hungarian Forint Online at Best Exchange Rates

Currency Today Helps You Find the best Hungarian Forint Exchange Rates Online. Buying Forint online shouldn’t be complicated; there should be no need to shop around for hours on end just to find the best deal. If you’re smart enough to purchase HUF Forint online, then you’re probably smart enough to realise that there is a simple way to getting the best rates online – using a comparison site. At Currencytoday.co.uk we offer a FREE comparison service to help you procure the most up-to-date, most competitive Hungarian Forint currency rates – all tailored exactly to your requirements.

HUNGARY (HUF) HUNGARIAN FORINT

The Forint, depicted by the symbol Ft, is the official currency of Hungary with the currency code HUF. 100 filler make up a forint but filler coins have not been in use since 1999. As Hungary is now a part of the European Union which uses the Euro, the forint will most likely cease to exist by 2016, but this still depends on the economic status at that time.

Currently in circulation

The forint was introduced in 1946 after the currency pengo faced deep inflation. Surprising as it may sound, the forint got its name from ‘Florence’, a city in Italy famous for minting gold coins. Forint coins are available in the denominations of 5, 10, 20, 50, 100 and 200 Ft; whereas banknotes come in the values of 10, 20, 50, 100, 500, 1000, 2000, 5000, 10,000 and 20,000 forint.

Exchange facilities and traveller’s cheques

Exchanging currency in Hungary is recommended only in licensed, selected places because changing money by the roadside can land you with counterfeit notes. The Hungarian National Bank issues foreign currency and currency rates on 23 different currencies everyday. Banks, airports and hotels give a middle exchange rate whereas areas around railway stations give a more lucrative exchange rate. Traveller’s cheques are not widely honoured in Hungary but if you do carry them, then the best choice would be the American Express traveller’s cheques either in sterling or in US dollars.

Using credit/debit cards

The best way of making payments is through credit cards as most of the major credit cards are accepted in the country. These cards can be used to pay bills in hotels, restaurants and even in the stores. ATM’s and currency exchange machines are accessible at several points in towns and cities throughout the country.

Restrictions

There is no restriction on bringing in changeable currency; however, a limit is set on the amount of currency that you can take out of the country. This amount may not exceed 120,000ft or an equivalent to it. In case you are entering the country with all your cash in small denominations then it is advisable that you declare the amount on entry.

Hungary: An overview

Hungary is a spectacular country with the capital city Budapest towering above, in all aspects be it cultural, commercial or organisational. The grand Danube Bend is one of the most breathtakingly beautiful stretches of this colossal river. Europe’s largest thermal bath at Heviz, some glorious wine regions and many other such marvels await you in Hungary.

Hungary is no longer a cheap holiday destination but even so it gives you good value in general. The most expensive hit on your pocket is the cost of accommodation, but on the whole the average cost adds up to less than half or two-thirds of what you would be paying in other countries. With the exception of Budapest and the Lake Balaton resorts, a double-room at a standard three-star hotel would cost you around £30/$42 to £40/$56 while a guesthouse would charge around £10/$14. A three-course meal at a respectable restaurant would be around £10/$14 to £15/$21. Transport charges are exceptionally low.

Hungary Travel Advice Summary

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https://www.gov.uk/foreign-travel-advice/hungary

Latest update: Summary – updated information and advice about the threat from terrorism following a review of the way in which the UK government describes the threat from terrorism in travel advice for all countries and territories; there’s no change in the UK government’s assessment of the level of threat from terrorism in Hungary