If you’re planning a trip to Budapest, Hungary’s breathtaking capital, one question you may have is: What is the currency used in Budapest? Understanding the monetary system of your destination is important for seamless travel, budgeting, and exploring the city without any hiccups. In Budapest, you’ll be dealing with the Hungarian Forint (HUF), their official currency.

Overview of the Hungarian Forint (HUF)

The Hungarian Forint (HUF) is the national currency of Hungary and it has been in use since 1946. It is named after Saint Stephen, the first king of Hungary. The currency symbol for the forint is Ft.

Banknotes in circulation are commonly available in denominations of 500, 1000, 2000, 5000, 10,000, and 20,000 forints. You’ll also come across coins in denominations of 5, 10, 20, 50, and 100 forints.

Where to Exchange Currency in Budapest

When you arrive in Budapest, you’ll find several avenues for exchanging your currency to Hungarian Forints. Here are a few options:

  • Banks: Banks offer competitive rates and are generally considered a reliable choice for currency exchange. However, note that bank opening hours vary, so it’s best to check their schedule beforehand.
  • Exchange Offices: Exchange offices are scattered throughout the city and are often open for longer hours. Be cautious when selecting an exchange office, as rates may vary. It’s advisable to compare rates and look for places that offer fair fees.
  • ATMs: ATMs are widely available in Budapest and allow you to withdraw forints directly from your foreign bank account. However, check the fees and exchange rates applied by your bank to ensure fairness.

Using Credit Cards in Budapest

Credit cards are widely accepted in Budapest, especially in hotels, restaurants, and major retailers. However, it’s always a good idea to carry some cash, as some smaller establishments and businesses might only accept cash payments.

Ensure that you notify your bank before traveling to Budapest, informing them of your destination and travel dates. This ensures you can use your credit card without any issues and minimizes the chances of it being blocked due to suspected fraudulent activity.

Final Thoughts

Now that you know the Hungarian Forint is the currency of Budapest, it’s time to plan your trip accordingly. Consider your best options for currency exchange, whether it’s using ATMs or finding reputable exchange offices with favorable rates. By being prepared and having the local currency in hand, you’ll be ready to immerse yourself in the wonders of Budapest without any monetary setbacks!

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