HUF/CAD: what to know
The HUF/CAD rate shows how much CAD you get for 1 HUF. Right now, 1 HUF buys 0.00442334 CAD at the mid-market rate. In the other direction, 1 CAD is worth 226.0734 HUF.
In the short term HUF is driven mainly by Hungarian central-bank policy and regional sentiment, while CAD responds to oil prices and the US economy.
The Hungarian Forint (HUF) is issued by Hungarian National Bank. The forint is named after the gold florin of Florence. The Canadian Dollar (CAD) is issued by Bank of Canada. The C$1 coin is the “loonie” (after the loon bird) and the C$2 is the “toonie”.
Over the past 12 months the HUF/CAD rate has ranged between 0.00395580 and 0.00465076 — a change of +5.43% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.