What is the Currency in Budapest?

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Planning to visit Budapest but unsure about the currency? Don’t worry, we’ve got your back. Here is your Hungarian 101 Survival Guide for all things money-related matters.  

The Origin of Budapest's Currency

Hungary’s official currency is called Forint (HUF). Its fascinating history dates back to the city of Florence, Italy, where gold coins, known as “fiorino d’oro’, were minted as early as 1252. Hungary later adopted the currency of “Florentinus” and began to be widely used under the reign of King Charles I in 1325. 

Fast-forward to today, while Hungary has publicly expressed interest in switching to the Euro since 2003, the Forint remains the official currency.

Exchange Rate

The current exchange rate is 395 HUF = 1 USD, making Budapest one of the most affordable destinations for travellers exploring Europe. 

Currency in Budapest: Banknotes and Coins

The forint comes in the following banknotes: 500, 1000, 2000, 5000, 10,000, and 20,000 Ft. 

And coins: 5, 10, 20, 50, 100, and 200 Ft.

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Hungary's high-denomination currency comes in coins and notes.

Money Tips for Visiting Budapest

As the ninth-largest city in the European Union, Budapest hosted over 5.3 million visitors in 2023, solidifying its place as a must-visit destination for travellers. With its status as a thriving metropolitan hub, the city offers modern and convenient payment options. 

While you might choose to exchange some money before your visit, relying solely on cash isn’t necessary. Most stores, malls, supermarkets, restaurants, and other establishments widely accept credit cards and Apple Pay. Cash is primarily useful for small tips or specific situations, making your travels in Budapest hassle-free. It’s also good to know that most places in Hungary are mandated by law to accept electronic payment (card or instant transfer). 

How to Pay?

For a hassle-free experience, we recommend you stick to using:

  • Credit Cards: Widely accepted across Budapest.
  • Apple Pay: Perfect for quick and secure payments.
  • Revolut: A good alternative option for travellers to transact without any fees. 

Banks and ATM Guide

If you have chosen to exchange money but didn’t do it before leaving your country, we highly recommend you NOT do it at airports or hotels. 

The average rates are higher than normal, and you will lose a lot of money in the process. We also highly recommend you avoid Euronet, orange-coloured InterChange, or any other third-party ATMs in the city centre, as they offer the worst rates compared to any other establishments. 

Instead, finding independent banks’ ATMs like OTP, Erste or UniCredit is an ideal option for you, as they will have lower transaction and exchange fees and are much more trustworthy and secure.

Tips to Get the Best Bang For Your Buck

Looking to make the most out of your cash for an unforgettable experience in Budapest but haven’t planned your itinerary yet? We’ve got you covered with the Tipsy Tour in Budapest! Our carefully crafted and curated food and drink tours run every single day, offering the perfect way to end your travels here.

Hung(a)ry for adventure? Join us for a Budapest Food Tour and taste your way through District 7, discovering delicious street food, crispy lángos, and multiple tastings at four Hungarian eateries.

Tempted by our Budapest Tipsy Tour? Enjoy fast-track entry to 4 super cool bars, visit 2 ruins pubs, and enjoy a range of included long drinks and shots in fun international company.

Need more help preparing for your break in Budapest? Here are our top recommendations for things to do in Budapest. Check out the Best Bars in Budapest for a Boozy Night Out and Must-Visit Ruin Bars for more tips to enhance your experience and navigate your way through the city like a true local.

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Alexander Meddings
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Alexander Meddings is a professional copywriter and postgraduate in Roman history from the University of Oxford. After graduating with his MPhil, he moved to Florence and then Rome to carry out his research on the ground and pursue his passion at the source. He now works in travel, as a writer and content consultant, and in education as a university lecturer and translator.
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