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base info Ondo

Ondo to Hungarian Forint Converter and calculator

Convert 1Ondo (ONDO) to Hungarian Forint (HUF) equals Ft 427.24 | 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 Ondo(ONDO) to Hungarian Forint(HUF). This is the real-time data. The current conversion shows 1 ONDO at a value of 1 ONDO for 427.24 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 Ondo currency pair is the ONDO to HUF, with for Ondo's currency code being ONDO. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for HUF.

ONDO to HUF conversion rate trend

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In the past 1D, Ondo has changed -1.23% to HUF. Based on the trend and price charts, Ondo(ONDO) has changed -1.23% to HUF while Hungarian Forint(HUF) has changed % to ONDO in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
Ft428.18
0.0001% / 0.0004%vip-iconVIP
Huobi
Ft427.44
0.1000% / 0.1000%
Yes
Gate.io
Ft427.92
0.1000% / 0.1000%
Yes
Bybit
Ft428.48
0.1000% / 0.1000%
Yes
KuCoin
Ft428.1
0.1000% / 0.1000%
Yes
Last updated 2024/05/29 13:00:14(UTC+0)

How to buy Ondo

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

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

Ondo to Hungarian Forint is rising this week.
Ondo's current market price is Ft 427.24 per ONDO, with a total market cap of Ft 593,755,925,186.1 HUF based on a circulating supply of 1,389,759,900 ONDO. The trading volume of Ondo has changed by -7.76% (Ft -6,348,101,233.68 HUF) in the last 24 hours. Last trading day, ONDO's trading volume was Ft 81,792,779,901.
Market cap
$1.66B
24h volume
$211.30M
Circulating supply
1.39B ONDO

Conversion tables

The exchange rate of Ondo is increasing.
1 ONDO is currently valued at Ft 427.24 HUF , which means buying 5 ONDO will cost Ft 2,136.18 HUF . Similarly, Ft1 HUF can be traded for 0.002341 ONDO, and Ft50 HUF can be converted to 0.1170 ONDO, excluding any platform or gas fees.
The exchange rate of 1 ONDO to Hungarian Forint has changed by +33.32% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.23%, reaching a high of 459.85 HUF and a low of 426.03 HUF . One month ago, the value of 1 ONDO was Ft 272.63 HUF , which represents a +56.57% change from its current value. Over the last year, Ondo has changed by
+Ft
70.88HUF
, resulting in a change of --% in its value.

ONDO to HUF

Amount
13:04 today
0.5 ONDO
Ft213.62
1 ONDO
Ft427.24
5 ONDO
Ft2,136.18
10 ONDO
Ft4,272.36
50 ONDO
Ft21,361.82
100 ONDO
Ft42,723.64
500 ONDO
Ft213,618.18
1000 ONDO
Ft427,236.36

HUF to ONDO

Amount13:04 today
0.5HUF0.001170  ONDO
1HUF0.002341  ONDO
5HUF0.01170  ONDO
10HUF0.02341  ONDO
50HUF0.1170  ONDO
100HUF0.2341  ONDO
500HUF1.17  ONDO
1000HUF2.34  ONDO
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Today vs. 24 hours ago

Amount13:04 today24 hours ago24h change
0.5 ONDO$0.5983$0.6058
-1.23%
1 ONDO$1.2$1.21
-1.23%
5 ONDO$5.98$6.06
-1.23%
10 ONDO$11.97$12.12
-1.23%
50 ONDO$59.83$60.58
-1.23%
100 ONDO$119.66$121.15
-1.23%
500 ONDO$598.29$605.77
-1.23%
1000 ONDO$1,196.58$1,211.54
-1.23%

Today vs. 1 month ago

Amount13:04 today1 month ago1M change
0.5 ONDO$0.5983$0.3818
+56.57%
1 ONDO$1.2$0.7636
+56.57%
5 ONDO$5.98$3.82
+56.57%
10 ONDO$11.97$7.64
+56.57%
50 ONDO$59.83$38.18
+56.57%
100 ONDO$119.66$76.36
+56.57%
500 ONDO$598.29$381.78
+56.57%
1000 ONDO$1,196.58$763.56
+56.57%
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Today vs. 1 year ago

Amount13:04 today1 year ago1Y change
0.5 ONDO$0.5983$-0.0009720
--
1 ONDO$1.2$-0.001944
--
5 ONDO$5.98$-0.009720
--
10 ONDO$11.97$-0.01944
--
50 ONDO$59.83$-0.09720
--
100 ONDO$119.66$-0.1944
--
500 ONDO$598.29$-0.9720
--
1000 ONDO$1,196.58$-1.9441
--

Ondo price prediction

What will the price of ONDO be in 2025?

Based on ONDO's historical price performance prediction model, the price of ONDO is projected to reach -- in 2025.

What will the price of ONDO be in 2030?

In 2030, the ONDO price is expected to rise by -18.00%. By the end of 2030, the ONDO price is projected to reach --, with a cumulative ROI of 0.00%.
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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 Ondo 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 Ondo 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 Ondo 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.