Currency and Money Tips in Budapest
Need some money tips while you are on your stag weekend in Budapest?
Hungary is a member of the European Union, but they are not using the Euro. The currency in Hungary is Forint, abbreviated as 'Ft' and 'HUF'. The Hungarian Forint typically converts at approximately 310 to the €Euro or 391 to the £GBP
Coins: There are coins of 1, 2, 5, 10, 20, 50, 100 Ft.
Bank notes come in seven denominations: 200, 500, 1000, 2000, 5000, 10000 and 20000 Ft
It is better to obtain Hungarian Forints upon arrival to Hungary than to exchange it with a bank at home, as local Hungarian banks work with better rates than their counterparts abroad. Exchanging foreign currency into Forints is therefore possible in banks, official currency exchange offices (these are affiliates of larger banks) and travel agencies. It is important to know that all official currency exchange offices determine the exchange rate on their own accord.They must fully inform you about their own rates, but not the real or the best exchange rate available - they build their costs into their very own rate. Changing money at Budapest hotels is not advisable, as their rates are at least 10% lower than what is generally available. Most international credit cards are accepted in Budapest for shopping and currency withdrawals: Cirrus, Visa, Maestro, Diners Club.
1 bottle of beer: 200 Ft / £0.51
1 bottle of table wine: 500-3000 Ft / £1.28-£7.69
Eating in restaurant: 700-1000 Ft / £1.79-£2.56
Eating in fast food restaurant: 3500-5000 Ft / £9.00-£12.82
Taxi: 250-300 Ft/km - £0.64-£0.76
ATMs and credit and debit cards:
In Hungary you will find a dense network of ATMs (cash machines) which will accept all major credit and debit cards (Visa, MasterCard, Plus, Maestro, Cirrus and others). The majority of shops and restaurants also accept cards.Cards which a shop or restaurant accepts are usually displayed in the window of the premises. If you don't see your card name there, ask before purchasing anything whether your card will be accepted.
Only a few banks accepts travellers' cheques in Hungary and it good to make inquiries about the details of cashing travellers' cheques in banks in advance.
If there is anything else we may help with, please do not hesitate to contact us: