HUF/USD: what to know
The HUF/USD rate shows how much USD you get for 1 HUF. Right now, 1 HUF buys 0.003202 USD at the mid-market rate. In the other direction, 1 USD is worth 312.2630 HUF.
In the short term HUF is driven mainly by Hungarian central-bank policy and regional sentiment, while USD responds to Fed policy, US growth and global risk appetite.
The Hungarian Forint (HUF) is issued by Hungarian National Bank. The forint is named after the gold florin of Florence. The US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars.
Over the past 12 months the HUF/USD rate has ranged between 0.002914 and 0.003323 — a change of +7.84% 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.