Hungary money · Money in Hungary
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Money in Hungary
Money in Hungary
The unit of Hungarian currency is known as the Forint (HUF). The Hungarian "cent" (Fillér) is long since obsolete. Bills come in 20000, 10000, 5000, 2000, 1000, 500, 200(until November 2009) HUF denominations, coins are 200 (two colored, similar to €1), 100 (two colored, similar to €2), 50, 20, 10, 5 HUF. As of March 1, 2008, the 2 and 1 HUF coins have been withdrawn, too.
Euro is now accepted at most hotels and some of the restaurants and shops. Make sure you check the exchange rate though, sometimes even well known places (like McDonald's) will exchange at unrealistic rates. Forint is scheduled to disappear in coming years in favor of Euro, but no date and realistic way is fixed yet.
You can use major credit cards (EuroCard, Visa) in major shops and larger restaurants, but never expect that without checking first. Small places cannot afford to handle cards. ATMs are available even in small cities, the coverage is good.
While completing any monetary transactions, it is best to pay in HUF when you can. Some restaurants and hotels charge a steep rate for Euro exchange and often due to the fluctuation in HUF, cost and services stated may vary drastically.
The Most Frequently Asked Travel Questions about Hungary
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Hungary Travel Guide from Wikitravel. Many thanks to all Wikitravel contributors. Text is available under Creative Commons Attribution-ShareAlike 3.0, images are available under various licenses, see each image for details.