HUNGARY

(HUF) Currency News >>

CURRENCY:

Hungarian Forint - HUF, Symbol Ft

DENOMINATIONS:

NOTE: Ft20,000, 10,000, 5,000, 2,000, 1,000, 500 and 200.

COIN: Ft100, 50, 20, 10 and 5.

US DOLLAR ACCEPTED?

N/A

CREDIT/DEBIT CARDS AND ATMS:

Most major credit cards accepted. ATM machines are widely available, and you can also withdraw cash at post offices.

CURRENCY EXCHANGE:

There are many options for currency exchange - banks, bureaux de change, post offices, airports, stations - even some restaurants. There are also automated exchange machines available in the main cities and tourist areas.

TRAVELLER'S CHEQUES:

These are best in US dollars or Euros and can be accepted in most post offices and banks.

BANKING HOURS:

Mon-Thurs 0800-1700 Fri 0800-1600.

CURRENCY RESTRICTIONS:

Import and export of local currency limited to HUF 200,000 per person. Import of foreign currency unlimited, provided declared. Export of foreign currency up top amount not exchanged to local currency, and must be declared. Must be made within 3 months of import.

COUNTRY OVERVIEW:

Hungary is officially called the Republic of Hungary and is in Central Europe. It does not have any coastlines. Interestingly, despite being part of Europe (and the EU), it has a language (Hungarian) that is not of Indo-European origin, which all but four countries in the EU have. The capital is Budapest.

POPULATION:

Around 10 million.

ECONOMY:

Before 1990, Hungary was communist for 40 years. It has been successful in changing its economy to a market economy, and has plenty of foreign investment and foreign ownership of its companies. Hungary targeted its accession to the Euro for around 2012. Trade is strong, and the largest sector for the economy is private, and the corruption levels are very low.