Hungary’s national currency is the Hungarian Forint
). Although a member state of the European Union (EU) since 2004, Hungary is still outside of Europe’s single currency area. While some Hungarian businesses may accept payment in Euro
(€), travelers should exchange money to the local currency (HUF) before paying with cash for goods or services
Exchange rates as of August 26, 2007
1 USD » 190 HUF
1 Euro » 258 HUF
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Exchange offices are usually open 24/7, and other opportunities for exchange are also available around the clock.
Persons traveling with cash, stock, etc. of the value of - or exceeding 1 million HUF are required to make a written declaration at customs.
Credit Cards, Debit Cards, and Checks
- Major credit cards (AmEx, Visa, Mastercard, Diners, Cirrus) can be used in the member shops and businesses. Look for the logo displayed at the entrance.
- ATMs operate 24 hours a day. Major credit cards and bank cards are accepted.
- You can use your bank or credit card to get cash at post offices throughout Hungary. More than 3200 post offices nation-wide provide this service.
- There is usually a commission of 1% for cashing travelers checks at banks. Please note that most stores will not accept travelers checks.
MNB to withdraw from circulation HUF 1 and 2 coins on 1 March 2008
Magyar Nemzeti Bank will withdraw from circulation HUF 1 and 2 coins on March 1, 2008
After February 29, 2008, HUF 1 and 2 coins will not be accepted, and consequently, retailers will round invoice totals
, but not the individual items, of all cash payments
Currency News 2007
Starting from September 1, 2007, only the new 1000 forint banknotes will be accepted as legal tender.
The new banknotes have two security features on the front: a copper-colored metallic stripe with holographic effects and an iridescent print.