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Bonk to Hungarian Forint Converter and calculator

Convert 1Bonk (BONK) to Hungarian Forint (HUF) equals Ft 0.01434 | 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 Bonk(BONK) to Hungarian Forint(HUF). This is the real-time data. The current conversion shows 1 BONK at a value of 1 BONK for 0.01 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 Bonk currency pair is the BONK to HUF, with for Bonk's currency code being BONK. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for HUF.

BONK to HUF conversion rate trend

1D7D1M3M1YAll
In the past 1D, Bonk has changed +4.08% to HUF. Based on the trend and price charts, Bonk(BONK) has changed +4.08% to HUF while Hungarian Forint(HUF) has changed % to BONK in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
Ft0.01465
0.0001% / 0.0004%vip-iconVIP
Binance
Ft0.01468
0.1000% / 0.1000%
Yes
OKX
Ft0.01469
0.080% / 0.100%
Yes
Huobi
Ft0.01469
0.1000% / 0.1000%
Yes
Gate.io
Ft0.01468
0.1000% / 0.1000%
Yes
Bybit
Ft0.01467
0.1000% / 0.1000%
Yes
KuCoin
Ft0.01468
0.1000% / 0.1000%
Yes
Bitfinex
Ft0.01452
0.1000% / 0.1000%
Yes
Last updated 2024/05/28 16:00:17(UTC+0)

How to buy Bonk

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Buy Bonk (BONK)
Use a variety of payment options to buy Bonk on Bitget. We'll show you how.

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

Bonk to Hungarian Forint is rising this week.
Bonk's current market price is Ft 0.01434 per BONK, with a total market cap of Ft 965,387,260,345.12 HUF based on a circulating supply of 67,341,396,000,000 BONK. The trading volume of Bonk has changed by +40.45% (Ft 114,274,453,470.46 HUF) in the last 24 hours. Last trading day, BONK's trading volume was Ft 282,477,891,028.8.
Market cap
$2.73B
24h volume
$1.12B
Circulating supply
67.34T BONK

Conversion tables

The exchange rate of Bonk is increasing.
1 BONK is currently valued at Ft 0.01434 HUF , which means buying 5 BONK will cost Ft 0.07168 HUF . Similarly, Ft1 HUF can be traded for 69.76 BONK, and Ft50 HUF can be converted to 3,487.79 BONK, excluding any platform or gas fees.
The exchange rate of 1 BONK to Hungarian Forint has changed by +26.99% in the last 7 days. In the last 24 hours, the rate has fluctuated by +4.08%, reaching a high of 0.01558 HUF and a low of 0.01314 HUF . One month ago, the value of 1 BONK was Ft 0.009275 HUF , which represents a +54.88% change from its current value. Over the last year, Bonk has changed by
+Ft
0.01409HUF
, resulting in a change of +7334.24% in its value.

BONK to HUF

Amount
16:53 today
0.5 BONK
Ft0.007168
1 BONK
Ft0.01434
5 BONK
Ft0.07168
10 BONK
Ft0.1434
50 BONK
Ft0.7168
100 BONK
Ft1.43
500 BONK
Ft7.17
1000 BONK
Ft14.34

HUF to BONK

Amount16:53 today
0.5HUF34.88  BONK
1HUF69.76  BONK
5HUF348.78  BONK
10HUF697.56  BONK
50HUF3,487.79  BONK
100HUF6,975.58  BONK
500HUF34,877.92  BONK
1000HUF69,755.84  BONK
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Today vs. 24 hours ago

Amount16:53 today24 hours ago24h change
0.5 BONK$0.{4}2029$0.{4}1950
+4.08%
1 BONK$0.{4}4058$0.{4}3900
+4.08%
5 BONK$0.0002029$0.0001950
+4.08%
10 BONK$0.0004058$0.0003900
+4.08%
50 BONK$0.002029$0.001950
+4.08%
100 BONK$0.004058$0.003900
+4.08%
500 BONK$0.02029$0.01950
+4.08%
1000 BONK$0.04058$0.03900
+4.08%

Today vs. 1 month ago

Amount16:53 today1 month ago1M change
0.5 BONK$0.{4}2029$0.{4}1313
+54.88%
1 BONK$0.{4}4058$0.{4}2625
+54.88%
5 BONK$0.0002029$0.0001313
+54.88%
10 BONK$0.0004058$0.0002625
+54.88%
50 BONK$0.002029$0.001313
+54.88%
100 BONK$0.004058$0.002625
+54.88%
500 BONK$0.02029$0.01313
+54.88%
1000 BONK$0.04058$0.02625
+54.88%
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Today vs. 1 year ago

Amount16:53 today1 year ago1Y change
0.5 BONK$0.{4}2029$0.{6}3477
+7334.24%
1 BONK$0.{4}4058$0.{6}6954
+7334.24%
5 BONK$0.0002029$0.{5}3477
+7334.24%
10 BONK$0.0004058$0.{5}6954
+7334.24%
50 BONK$0.002029$0.{4}3477
+7334.24%
100 BONK$0.004058$0.{4}6954
+7334.24%
500 BONK$0.02029$0.0003477
+7334.24%
1000 BONK$0.04058$0.0006954
+7334.24%

Bonk price prediction

What will the price of BONK be in 2025?

Based on BONK's historical price performance prediction model, the price of BONK is projected to reach $0.{4}4656 in 2025.

What will the price of BONK be in 2030?

In 2030, the BONK price is expected to rise by -8.00%. By the end of 2030, the BONK price is projected to reach $0.{4}8027, with a cumulative ROI of +97.79%.
Buy Bonk for 1 HUF
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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.