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base info Dai

Dai to Hungarian Forint Converter and calculator

Convert 1Dai (DAI) to Hungarian Forint (HUF) equals Ft 367.21 | 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 Dai currency pair is the DAI to HUF, with for Dai's currency code being DAI. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for HUF.

DAI to HUF conversion rate trend

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

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
Ft366.61
0.0001% / 0.0004%vip-iconVIP
Kraken
Ft366.94
0.1000% / 0.1000%
Yes
OKX
Ft367.06
0.080% / 0.100%
Yes
Huobi
Ft367.06
0.1000% / 0.1000%
Yes
Gate.io
Ft366.51
0.1000% / 0.1000%
Yes
Bybit
Ft366.69
0.1000% / 0.1000%
Yes
Last updated 2024/04/14 12:00:28(UTC+0)

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

Dai to Hungarian Forint is rising this week.
Dai's current market price is Ft 367.21 per DAI, with a total market cap of Ft 1,963,800,542,993.71 HUF based on a circulating supply of 5,347,888,600 DAI. The trading volume of Dai has changed by -10.50% (Ft -32,622,512,651.77 HUF) in the last 24 hours. Last trading day, DAI's trading volume was Ft 310,776,430,173.76.
Market cap
$5.35B
24h volume
$757.49M
Circulating supply
5.35B DAI

Conversion tables

The exchange rate of Dai is increasing.
1 DAI is currently valued at Ft 367.21 HUF , which means buying 5 DAI will cost Ft 1,836.05 HUF . Similarly, Ft1 HUF can be traded for 0.002723 DAI, and Ft50 HUF can be converted to 0.1362 DAI, excluding any platform or gas fees.
The exchange rate of 1 DAI to Hungarian Forint has changed by +0.00% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.01%, reaching a high of 367.6 HUF and a low of 367.07 HUF . One month ago, the value of 1 DAI was Ft 367.18 HUF , which represents a +0.01% change from its current value. Over the last year, Dai has changed by
+Ft
0.06541HUF
, resulting in a change of +0.02% in its value.

DAI to HUF

Amount
12:11 today
0.5 DAI
Ft183.61
1 DAI
Ft367.21
5 DAI
Ft1,836.05
10 DAI
Ft3,672.1
50 DAI
Ft18,360.52
100 DAI
Ft36,721.05
500 DAI
Ft183,605.24
1000 DAI
Ft367,210.48

HUF to DAI

Amount12:11 today
0.5HUF0.001362  DAI
1HUF0.002723  DAI
5HUF0.01362  DAI
10HUF0.02723  DAI
50HUF0.1362  DAI
100HUF0.2723  DAI
500HUF1.36  DAI
1000HUF2.72  DAI
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Today vs. 24 hours ago

Amount12:11 today24 hours ago24h change
0.5 DAI$0.5000$0.4999
+0.01%
1 DAI$1$0.9999
+0.01%
5 DAI$5$5
+0.01%
10 DAI$10$10
+0.01%
50 DAI$50$49.99
+0.01%
100 DAI$100$99.99
+0.01%
500 DAI$500.01$499.94
+0.01%
1000 DAI$1,000.01$999.89
+0.01%

Today vs. 1 month ago

Amount12:11 today1 month ago1M change
0.5 DAI$0.5000$0.5000
+0.01%
1 DAI$1$0.9999
+0.01%
5 DAI$5$5
+0.01%
10 DAI$10$10
+0.01%
50 DAI$50$50
+0.01%
100 DAI$100$99.99
+0.01%
500 DAI$500.01$499.96
+0.01%
1000 DAI$1,000.01$999.92
+0.01%

Today vs. 1 year ago

Amount12:11 today1 year ago1Y change
0.5 DAI$0.5000$0.4999
+0.02%
1 DAI$1$0.9998
+0.02%
5 DAI$5$5
+0.02%
10 DAI$10$10
+0.02%
50 DAI$50$49.99
+0.02%
100 DAI$100$99.98
+0.02%
500 DAI$500.01$499.92
+0.02%
1000 DAI$1,000.01$999.83
+0.02%

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.