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Bittensor to Hungarian Forint Converter and calculator

Convert 1Bittensor (TAO) to Hungarian Forint (HUF) equals Ft 100,055.74 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Bittensor(TAO) to Hungarian Forint(HUF). This is the real-time data. The current conversion shows 1 TAO at a value of 1 TAO for 100,055.74 HUF . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

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 Bittensor currency pair is the TAO to HUF, with for Bittensor's currency code being TAO. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for HUF.

TAO to HUF conversion rate trend

1D7D1M3M1YAll
In the past 1D, Bittensor has changed -0.01% to HUF. Based on the trend and price charts, Bittensor(TAO) has changed -0.01% to HUF while Hungarian Forint(HUF) has changed % to TAO in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
Ft101,143.96
0.0200% / 0.0320%vip-iconVIP 7
Binance
Ft101,217.57
0.1000% / 0.1000%
Yes
Gate.io
Ft101,180.77
0.1000% / 0.1000%
Yes
KuCoin
Ft101,364.8
0.1000% / 0.1000%
Yes
Last updated 2024/06/24 21:00:18(UTC+0)

How to buy Bittensor

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Verify your identity by entering your personal information and uploading a valid photo ID.
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Buy Bittensor (TAO)
Use a variety of payment options to buy Bittensor on Bitget. We'll show you how.

Buy TAO (or USDT) for HUF (Hungarian Forint) offers

Bitget P2P trading does not currently support direct buying of TAO with HUF. However, you can buy USDT in Bitget P2P trading first, and then buy TAO with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
Action
No matching ads found.

Sell TAO (or USDT) for HUF (Hungarian Forint) offers

Bitget P2P trading currently does not support direct selling of TAO to HUF. However, you can first exchange TAO for USDT in the Bitget spot market, and then sell USDT to HUF in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
Action
B
BGUSER-DRUL5A18Verified Merchant
1 tradesCompletion rate 100.00%
288.5 HUF
Amount99293.19 USDT
Limit50000 - 288000 HUF
Bank TransferRevolutZenWISEUniCredit BankOTP BANKMKB BankCIB Bank
Sell
X
XCIXXGolden merchantVerified Merchant
104 tradesCompletion rate 98.00%
288.46 HUF
Amount6506.17 USDT
Limit3700 - 200000 HUF
Bank TransferRevolutZenWISEUniCredit BankOTP BANKMKB BankCIB Bank
Sell
B
BGUSER-DRUL5A18Verified Merchant
1 tradesCompletion rate 100.00%
280.1 HUF
Amount99269.3 USDT
Limit12000 - 18500000 HUF
Bank TransferRevolutWISEUniCredit BankOTP BANKMKB BankCIB Bank
Sell
B
BGUSER-DRUL5A18Verified Merchant
1 tradesCompletion rate 100.00%
210 HUF
Amount49965 USDT
Limit5000 - 10500000 HUF
Bank TransferRevolutWISEUniCredit BankOTP BANKMKB BankCIB Bank
Sell

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

Bittensor to Hungarian Forint is falling this week.
Bittensor's current market price is Ft 100,055.74 per TAO, with a total market cap of Ft 698,092,356,191.35 HUF based on a circulating supply of 6,977,034 TAO. The trading volume of Bittensor has changed by +63.09% (Ft 7,905,236,507.99 HUF) in the last 24 hours. Last trading day, TAO's trading volume was Ft 12,529,597,825.39.
Market cap
$1.90B
24h volume
$55.52M
Circulating supply
6.98M TAO

Conversion tables

The exchange rate of Bittensor is decreasing.
1 TAO is currently valued at Ft 100,055.74 HUF , which means buying 5 TAO will cost Ft 500,278.71 HUF . Similarly, Ft1 HUF can be traded for 0.{5}9994 TAO, and Ft50 HUF can be converted to 0.0004997 TAO, excluding any platform or gas fees.
The exchange rate of 1 TAO to Hungarian Forint has changed by -10.74% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.01%, reaching a high of 106,762.72 HUF and a low of 101,975.93 HUF . One month ago, the value of 1 TAO was Ft 155,372.76 HUF , which represents a -34.85% change from its current value. Over the last year, Bittensor has changed by
+Ft
10,958.55HUF
, resulting in a change of +449.25% in its value.

TAO to HUF

Amount
21:05 today
0.5 TAO
Ft50,027.87
1 TAO
Ft100,055.74
5 TAO
Ft500,278.71
10 TAO
Ft1,000,557.42
50 TAO
Ft5,002,787.1
100 TAO
Ft10,005,574.2
500 TAO
Ft50,027,871
1000 TAO
Ft100,055,741.99

HUF to TAO

Amount21:05 today
0.5HUF0.{5}4997  TAO
1HUF0.{5}9994  TAO
5HUF0.{4}4997  TAO
10HUF0.{4}9994  TAO
50HUF0.0004997  TAO
100HUF0.0009994  TAO
500HUF0.004997  TAO
1000HUF0.009994  TAO
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Today vs. 24 hours ago

Amount21:05 today24 hours ago24h change
0.5 TAO$135.92$135.93
-0.01%
1 TAO$271.84$271.86
-0.01%
5 TAO$1,359.22$1,359.31
-0.01%
10 TAO$2,718.43$2,718.61
-0.01%
50 TAO$13,592.17$13,593.06
-0.01%
100 TAO$27,184.34$27,186.13
-0.01%
500 TAO$135,921.7$135,930.64
-0.01%
1000 TAO$271,843.4$271,861.27
-0.01%

Today vs. 1 month ago

Amount21:05 today1 month ago1M change
0.5 TAO$135.92$211.07
-34.85%
1 TAO$271.84$422.14
-34.85%
5 TAO$1,359.22$2,110.68
-34.85%
10 TAO$2,718.43$4,221.35
-34.85%
50 TAO$13,592.17$21,106.76
-34.85%
100 TAO$27,184.34$42,213.53
-34.85%
500 TAO$135,921.7$211,067.65
-34.85%
1000 TAO$271,843.4$422,135.3
-34.85%
Buy Bittensor for 1 HUF
A welcome pack worth 1000 USDT for new Bitgetters!
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Today vs. 1 year ago

Amount21:05 today1 year ago1Y change
0.5 TAO$135.92$21.03
+449.25%
1 TAO$271.84$42.07
+449.25%
5 TAO$1,359.22$210.35
+449.25%
10 TAO$2,718.43$420.7
+449.25%
50 TAO$13,592.17$2,103.49
+449.25%
100 TAO$27,184.34$4,206.99
+449.25%
500 TAO$135,921.7$21,034.95
+449.25%
1000 TAO$271,843.4$42,069.9
+449.25%

Bittensor price prediction

What will the price of TAO be in 2025?

Based on TAO's historical price performance prediction model, the price of TAO is projected to reach $331.78 in 2025.

What will the price of TAO be in 2030?

In 2030, the TAO price is expected to rise by +9.00%. By the end of 2030, the TAO price is projected to reach $485.2, with a cumulative ROI of +78.49%.
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FAQ

What is a cryptocurrency calculator?
A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.
How does a cryptocurrency calculator work?
A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Bittensor and HUF.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Bittensor and HUF. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.
Can I trust the results of a cryptocurrency calculator?
While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.
Can I use a cryptocurrency calculator for tax purposes?
Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.
Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?
If you want to know the value of Bittensor in HUF, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.

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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.