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base info Pangolin

Pangolin to Hungarian Forint Converter and calculator

Convert 1Pangolin (PNG) to Hungarian Forint (HUF) equals Ft 202.62 | 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 Pangolin(PNG) to Hungarian Forint(HUF). This is the real-time data. The current conversion shows 1 PNG at a value of 1 PNG for 202.62 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 Pangolin currency pair is the PNG to HUF, with for Pangolin's currency code being PNG. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for HUF.

PNG to HUF conversion rate trend

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In the past 1D, Pangolin has changed -0.65% to HUF. Based on the trend and price charts, Pangolin(PNG) has changed -0.65% to HUF while Hungarian Forint(HUF) has changed % to PNG in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
Ft202.62
0.0001% / 0.0004%vip-iconVIP
Gate.io
Ft202.57
0.1000% / 0.1000%
Yes
Last updated 2024/05/22 14:00:15(UTC+0)

How to buy Pangolin

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

Pangolin to Hungarian Forint is rising this week.
Pangolin's current market price is Ft 202.62 per PNG, with a total market cap of Ft 44,246,467,532.2 HUF based on a circulating supply of 218,373,970 PNG. The trading volume of Pangolin has changed by +52.02% (Ft 378,847,802.19 HUF) in the last 24 hours. Last trading day, PNG's trading volume was Ft 728,257,961.07.
Market cap
$123.63M
24h volume
$3.09M
Circulating supply
218.37M PNG

Conversion tables

The exchange rate of Pangolin is increasing.
1 PNG is currently valued at Ft 202.62 HUF , which means buying 5 PNG will cost Ft 1,013.09 HUF . Similarly, Ft1 HUF can be traded for 0.004935 PNG, and Ft50 HUF can be converted to 0.2468 PNG, excluding any platform or gas fees.
The exchange rate of 1 PNG to Hungarian Forint has changed by +5.27% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.65%, reaching a high of 221.05 HUF and a low of 200.89 HUF . One month ago, the value of 1 PNG was Ft 149.8 HUF , which represents a +35.25% change from its current value. Over the last year, Pangolin has changed by
+Ft
191.35HUF
, resulting in a change of +1690.11% in its value.

PNG to HUF

Amount
14:18 today
0.5 PNG
Ft101.31
1 PNG
Ft202.62
5 PNG
Ft1,013.09
10 PNG
Ft2,026.18
50 PNG
Ft10,130.89
100 PNG
Ft20,261.79
500 PNG
Ft101,308.93
1000 PNG
Ft202,617.85

HUF to PNG

Amount14:18 today
0.5HUF0.002468  PNG
1HUF0.004935  PNG
5HUF0.02468  PNG
10HUF0.04935  PNG
50HUF0.2468  PNG
100HUF0.4935  PNG
500HUF2.47  PNG
1000HUF4.94  PNG
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Today vs. 24 hours ago

Amount14:18 today24 hours ago24h change
0.5 PNG$0.2831$0.2849
-0.65%
1 PNG$0.5661$0.5698
-0.65%
5 PNG$2.83$2.85
-0.65%
10 PNG$5.66$5.7
-0.65%
50 PNG$28.31$28.49
-0.65%
100 PNG$56.61$56.98
-0.65%
500 PNG$283.07$284.92
-0.65%
1000 PNG$566.14$569.84
-0.65%

Today vs. 1 month ago

Amount14:18 today1 month ago1M change
0.5 PNG$0.2831$0.2093
+35.25%
1 PNG$0.5661$0.4186
+35.25%
5 PNG$2.83$2.09
+35.25%
10 PNG$5.66$4.19
+35.25%
50 PNG$28.31$20.93
+35.25%
100 PNG$56.61$41.86
+35.25%
500 PNG$283.07$209.28
+35.25%
1000 PNG$566.14$418.55
+35.25%
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Today vs. 1 year ago

Amount14:18 today1 year ago1Y change
0.5 PNG$0.2831$0.01574
+1690.11%
1 PNG$0.5661$0.03149
+1690.11%
5 PNG$2.83$0.1574
+1690.11%
10 PNG$5.66$0.3149
+1690.11%
50 PNG$28.31$1.57
+1690.11%
100 PNG$56.61$3.15
+1690.11%
500 PNG$283.07$15.74
+1690.11%
1000 PNG$566.14$31.49
+1690.11%

Pangolin price prediction

What will the price of PNG be in 2025?

Based on PNG's historical price performance prediction model, the price of PNG is projected to reach $0.6639 in 2025.

What will the price of PNG be in 2030?

In 2030, the PNG price is expected to rise by +8.00%. By the end of 2030, the PNG price is projected to reach $1.08, with a cumulative ROI of +91.07%.
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FAQ

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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.