Curreny in Budapest, Hungary - Stag Budapest


Currency in Budapest

 

Few tips for your stag do in Budapest. From the locals.

Hungary is a member of the European Union, but they have not started with the Euro yet. The currency in Hungary is forint, abbreviated as 'Ft' and 'HUF'. The Hungarian Forint typically converts at approximately 250 to the €, 356 to the ₤ and 174 to the $.

Coins: There are coins of 1, 2, 5, 10, 20, 50, 100 Ft. 

Bank notes come in seven denominations: 200, 500, 1000, 2000, 5000, 10000 and 20000 Ft

 

Exchanging money

It is better to obtain Hungarian Forints upon arrival to Hungary than to exchange it with a bank at home, as local Hungarian banks work with better rates than their counterparts abroad. Exchanging foreign currency into Forints is therefore possible in banks, official currency exchange offices (these are affiliates of larger banks) and travel agencies. It is important to know that all official currency exchange offices determine the exchange rate on their own accord.They must fully inform you about their own rates, but not the real or the best exchange rate available - they build their costs into their very own rate. Changing money at Budapest hotels is not advisable, as their rates are at least 10% lower than what is generally available.  Most international credit cards are accepted in Budapest for shopping and currency withdrawals: Cirrus, Visa, Maestro, Diners Club. 


Costs:

1 bottle of beer: 200 Ft / 0,8 EUR

1 bottle of table wine: 500-3000 Ft / 2-12 EUR

Eating in restaurant: 700-1000 Ft / 2.8 -4 EUR

Eating in fast food restaurant : 3500-5000 Ft / 14-20 EUR

1 litre of petrol / gasoline (octane 95): 290 Ft

Taxi: 250-300 Ft /km / 1-1,2 EUR

 

ATMs and credit and debit cards

In Hungary you will find a dense network of ATMs (cash machines) which will accept all major credit and debit cards (Visa, MasterCard, Plus, Maestro, Cirrus and others). The majority of shops and restaurants also accept cards.Cards which a shop or restaurant accepts are usually displayed in the window of the premises. If you don't see your card name there, ask before purchasing anything whether your card will be accepted.

 

Travellers' cheques

Only a few banks accepts travellers' cheques in Hungary and it good to make inquiries about the details of cashing travellers' cheques in banks in advance.


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