ZAR/HUF: what to know
The ZAR/HUF rate shows how much HUF you get for 1 ZAR. Right now, 1 ZAR buys 19.3889 HUF at the mid-market rate. In the other direction, 1 HUF is worth 0.0516 ZAR.
In the short term ZAR is driven mainly by commodity prices and risk appetite, while HUF responds to Hungarian central-bank policy and regional sentiment.
The South African Rand (ZAR) is issued by South African Reserve Bank. The rand is named after the Witwatersrand ridge, where gold was discovered. The Hungarian Forint (HUF) is issued by Hungarian National Bank. The forint is named after the gold florin of Florence.
Over the past 12 months the ZAR/HUF rate has ranged between 18.3477 and 20.5699 — a change of +1.50% 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.