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First Digital USD to Hungarian Forint Converter and calculator

Convert 1First Digital USD (FDUSD) to Hungarian Forint (HUF) equals Ft 369.88 | 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 First Digital USD(FDUSD) to Hungarian Forint(HUF). This is the real-time data. The current conversion shows 1 FDUSD at a value of 1 FDUSD for 369.88 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 First Digital USD currency pair is the FDUSD to HUF, with for First Digital USD's currency code being FDUSD. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for HUF.

FDUSD to HUF conversion rate trend

1D7D1M3M1YAll
In the past 1D, First Digital USD has changed +0.07% to HUF. Based on the trend and price charts, First Digital USD(FDUSD) has changed +0.07% to HUF while Hungarian Forint(HUF) has changed % to FDUSD in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
Ft369.88
0.0001% / 0.0004%vip-iconVIP
Binance
Ft369.75
0.1000% / 0.1000%
Yes
Gate.io
Ft369.67
0.1000% / 0.1000%
Yes
Last updated 2024/04/20 12:00:22(UTC+0)

What factors influence the conversion rate of First Digital USD to Hungarian Forint?

First Digital USD to Hungarian Forint is falling this week.
First Digital USD's current market price is Ft 369.88 per FDUSD, with a total market cap of Ft 1,327,396,002,933.59 HUF based on a circulating supply of 3,588,766,500 FDUSD. The trading volume of First Digital USD has changed by -34.68% (Ft -1,244,521,782,741.69 HUF) in the last 24 hours. Last trading day, FDUSD's trading volume was Ft 3,588,886,564,163.92.
Market cap
$3.59B
24h volume
$6.34B
Circulating supply
3.59B FDUSD

Conversion tables

The exchange rate of First Digital USD is decreasing.
1 FDUSD is currently valued at Ft 369.88 HUF , which means buying 5 FDUSD will cost Ft 1,849.38 HUF . Similarly, Ft1 HUF can be traded for 0.002704 FDUSD, and Ft50 HUF can be converted to 0.1352 FDUSD, excluding any platform or gas fees.
The exchange rate of 1 FDUSD to Hungarian Forint has changed by -0.31% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.07%, reaching a high of 370.67 HUF and a low of 369.35 HUF . One month ago, the value of 1 FDUSD was Ft 369.92 HUF , which represents a -0.01% change from its current value. Over the last year, First Digital USD has changed by
+Ft
0.09226HUF
, resulting in a change of --% in its value.

FDUSD to HUF

Amount
12:38 today
0.5 FDUSD
Ft184.94
1 FDUSD
Ft369.88
5 FDUSD
Ft1,849.38
10 FDUSD
Ft3,698.75
50 FDUSD
Ft18,493.76
100 FDUSD
Ft36,987.53
500 FDUSD
Ft184,937.64
1000 FDUSD
Ft369,875.27

HUF to FDUSD

Amount12:38 today
0.5HUF0.001352  FDUSD
1HUF0.002704  FDUSD
5HUF0.01352  FDUSD
10HUF0.02704  FDUSD
50HUF0.1352  FDUSD
100HUF0.2704  FDUSD
500HUF1.35  FDUSD
1000HUF2.7  FDUSD
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Today vs. 24 hours ago

Amount12:38 today24 hours ago24h change
0.5 FDUSD$0.4999$0.4996
+0.07%
1 FDUSD$0.9999$0.9992
+0.07%
5 FDUSD$5$5
+0.07%
10 FDUSD$10$9.99
+0.07%
50 FDUSD$49.99$49.96
+0.07%
100 FDUSD$99.99$99.92
+0.07%
500 FDUSD$499.93$499.59
+0.07%
1000 FDUSD$999.85$999.19
+0.07%

Today vs. 1 month ago

Amount12:38 today1 month ago1M change
0.5 FDUSD$0.4999$0.5000
-0.01%
1 FDUSD$0.9999$1.0000
-0.01%
5 FDUSD$5$5
-0.01%
10 FDUSD$10$10
-0.01%
50 FDUSD$49.99$50
-0.01%
100 FDUSD$99.99$100
-0.01%
500 FDUSD$499.93$499.98
-0.01%
1000 FDUSD$999.85$999.96
-0.01%

Today vs. 1 year ago

Amount12:38 today1 year ago1Y change
0.5 FDUSD$0.4999$-0.0001987
--
1 FDUSD$0.9999$-0.0003973
--
5 FDUSD$5$-0.001987
--
10 FDUSD$10$-0.003973
--
50 FDUSD$49.99$-0.01987
--
100 FDUSD$99.99$-0.03973
--
500 FDUSD$499.93$-0.1987
--
1000 FDUSD$999.85$-0.3973
--

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.