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Arbitrum to Hungarian Forint Converter and calculator

Convert 1Arbitrum (ARB) to Hungarian Forint (HUF) equals Ft 446.33 | Bitget

HUF information

About the Hungarian Forint (HUF)

What Is the Hungarian Forint (HUF)?

The Hungarian Forint (HUF), symbolized as Ft, is the national currency of Hungary. It was introduced in 1946 to stabilize the Hungarian economy after World War II, replacing the pengő which had suffered from extreme hyperinflation. The Hungarian Forint is the sole legal tender in Hungary.

The Hungarian Forint is issued and managed by the Hungarian National Bank, known in Hungarian as Magyar Nemzeti Bank. This central bank of Hungary is responsible for maintaining the stability of the national currency, controlling its circulation, and implementing monetary policy in alignment with the country's economic objectives. The Hungarian National Bank plays a crucial role in the financial system of Hungary, including the issuance of banknotes and coins in various denominations of the Forint.

What Is the History of HUF?

The Forint’s name originates from the city of Florence, where gold coins, known as fiorino d'oro, were minted from 1252. Hungary adopted a similar gold-based currency, the Florentinus, under Charles Robert in 1325. The forint was also the currency of the Austro-Hungarian Empire between 1868 and 1892. The modern Forint was reintroduced on August 1, 1946, replacing the pengő, which had suffered from severe hyperinflation post-World War II.

Notes and Coins of HUF

Hungarian banknotes are issued in denominations of 500, 1000, 2000, 5000, 10,000, and 20,000 forints, each featuring prominent Hungarian historical figures and landmarks. Coins come in 5, 10, 20, 50, 100, and 200 forint denominations. The Forint was initially subdivided into 100 fillér, but these coins were phased out due to inflation.

Economic Stability and Exchange Rates

The economic stability of the Hungarian Forint (HUF) has been a journey of significant transformation, especially since the fall of communism and Hungary's transition to a market economy. In the early 1990s, this shift brought about considerable inflation, peaking at 35% in 1991. However, the subsequent years saw a stabilization effort, with inflation dropping to single digits between 2001 and 2022. This period of relative stability was disrupted in February 2023 when inflation climbed to 25.80%, influenced by global economic factors such as the war in Ukraine and broader economic uncertainties. Despite these challenges, the Forint has maintained its status as a fully convertible currency, crucial for Hungary's trade and economic relations.

The exchange rate of the Hungarian Forint has seen fluctuations reflective of both domestic economic policies and global financial trends. As Hungary is a member of the European Union but has not adopted the Euro, the Forint’s value against the Euro and other major currencies like the U.S. dollar is a critical economic indicator

Why Doesn’t Hungary Use the Euro?

Hungary has not adopted the Euro for several reasons, despite initial plans to do so. Initially, Hungary aimed to replace the Hungarian Forint with the Euro around 2007 or 2008, later targeting January 1, 2010. However, these plans were abandoned due to high budget deficits, inflation, and public debt, preventing Hungary from meeting the Maastricht criteria. The global financial crisis of 2008 further complicated matters, despite aid from the IMF, EU, and World Bank. The Fidesz government, elected in 2010, has shown a soft Eurosceptic stance, maintaining the Forint and postponing discussions about adopting the Euro. Prime Minister Viktor Orbán stated that Euro adoption would not be considered until Hungary's public debt reached a 50% threshold, a significant reduction from its level in 2011.

Additionally, broader reasons why some EU countries, including Hungary, choose not to adopt the Euro involve maintaining financial independence. This independence allows for control over key issues like setting monetary policy, handling national debt, modulating inflation, and the ability to devalue the currency in certain circumstances. The European Central Bank sets economic and monetary policies for all Eurozone nations, which means individual states lack the independence to craft policies tailored to their own conditions. This lack of economic independence and the desire to maintain control over national financial policies contribute to Hungary's decision to retain the Forint instead of adopting the Euro.

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Bitget crypto-to-fiat exchange data shows that the most popular Arbitrum currency pair is the ARB to HUF, with for Arbitrum's currency code being ARB. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for HUF.

ARB to HUF conversion rate trend

1D7D1M3M1YAll
In the past 1D, Arbitrum has changed +6.36% to HUF. Based on the trend and price charts, Arbitrum(ARB) has changed +6.36% to HUF while Hungarian Forint(HUF) has changed % to ARB in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
Ft443.78
0.0001% / 0.0004%vip-iconVIP
Binance
Ft442.72
0.1000% / 0.1000%
Yes
OKX
Ft442.8
0.080% / 0.100%
Yes
Huobi
Ft442.65
0.1000% / 0.1000%
Yes
Gate.io
Ft442.8
0.1000% / 0.1000%
Yes
Bybit
Ft443.87
0.1000% / 0.1000%
Yes
KuCoin
Ft443.2
0.1000% / 0.1000%
Yes
Bitfinex
Ft441.98
0.1000% / 0.1000%
Yes
Last updated 2024/04/15 15:00:27(UTC+0)

What factors influence the conversion rate of Arbitrum to Hungarian Forint?

Arbitrum to Hungarian Forint is falling this week.
Arbitrum's current market price is Ft 446.33 per ARB, with a total market cap of Ft 1,184,520,827,209.24 HUF based on a circulating supply of 2,653,939,500 ARB. The trading volume of Arbitrum has changed by -42.62% (Ft -192,673,046,937.74 HUF) in the last 24 hours. Last trading day, ARB's trading volume was Ft 452,022,059,833.24.
Market cap
$3.21B
24h volume
$701.73M
Circulating supply
2.65B ARB

Conversion tables

The exchange rate of Arbitrum is decreasing.
1 ARB is currently valued at Ft 446.33 HUF , which means buying 5 ARB will cost Ft 2,231.63 HUF . Similarly, Ft1 HUF can be traded for 0.002241 ARB, and Ft50 HUF can be converted to 0.1120 ARB, excluding any platform or gas fees.
The exchange rate of 1 ARB to Hungarian Forint has changed by -22.22% in the last 7 days. In the last 24 hours, the rate has fluctuated by +6.36%, reaching a high of 467.83 HUF and a low of 409.97 HUF . One month ago, the value of 1 ARB was Ft 678.11 HUF , which represents a -34.20% change from its current value. Over the last year, Arbitrum has changed by
-Ft
152.86HUF
, resulting in a change of -25.52% in its value.

ARB to HUF

Amount
15:24 today
0.5 ARB
Ft223.16
1 ARB
Ft446.33
5 ARB
Ft2,231.63
10 ARB
Ft4,463.26
50 ARB
Ft22,316.28
100 ARB
Ft44,632.55
500 ARB
Ft223,162.75
1000 ARB
Ft446,325.51

HUF to ARB

Amount15:24 today
0.5HUF0.001120  ARB
1HUF0.002241  ARB
5HUF0.01120  ARB
10HUF0.02241  ARB
50HUF0.1120  ARB
100HUF0.2241  ARB
500HUF1.12  ARB
1000HUF2.24  ARB
share

Today vs. 24 hours ago

Amount15:24 today24 hours ago24h change
0.5 ARB$0.6038$0.5677
+6.36%
1 ARB$1.21$1.14
+6.36%
5 ARB$6.04$5.68
+6.36%
10 ARB$12.08$11.35
+6.36%
50 ARB$60.38$56.77
+6.36%
100 ARB$120.76$113.55
+6.36%
500 ARB$603.82$567.74
+6.36%
1000 ARB$1,207.64$1,135.48
+6.36%

Today vs. 1 month ago

Amount15:24 today1 month ago1M change
0.5 ARB$0.6038$0.9174
-34.20%
1 ARB$1.21$1.83
-34.20%
5 ARB$6.04$9.17
-34.20%
10 ARB$12.08$18.35
-34.20%
50 ARB$60.38$91.74
-34.20%
100 ARB$120.76$183.48
-34.20%
500 ARB$603.82$917.4
-34.20%
1000 ARB$1,207.64$1,834.8
-34.20%

Today vs. 1 year ago

Amount15:24 today1 year ago1Y change
0.5 ARB$0.6038$0.8106
-25.52%
1 ARB$1.21$1.62
-25.52%
5 ARB$6.04$8.11
-25.52%
10 ARB$12.08$16.21
-25.52%
50 ARB$60.38$81.06
-25.52%
100 ARB$120.76$162.12
-25.52%
500 ARB$603.82$810.62
-25.52%
1000 ARB$1,207.64$1,621.24
-25.52%

FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.