HUF/ZAR: what to know
The HUF/ZAR rate shows how much ZAR you get for 1 HUF. Right now, 1 HUF buys 0.0514 ZAR at the mid-market rate. In the other direction, 1 ZAR is worth 19.4678 HUF.
In the short term HUF is driven mainly by Hungarian central-bank policy and regional sentiment, while ZAR responds to commodity prices and risk appetite.
The Hungarian Forint (HUF) is issued by Hungarian National Bank. The forint is named after the gold florin of Florence. The South African Rand (ZAR) is issued by South African Reserve Bank. The rand is named after the Witwatersrand ridge, where gold was discovered.
Over the past 12 months the HUF/ZAR rate has ranged between 0.0486 and 0.0545 — a change of -1.48% 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.