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Whilst Budapest is known as the 'Paris of the East', comparable high-end properties (flats, houses) in Budapest are actually a fifth or less of the cost of those in Paris, or indeed in London.
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Currency Converter

Official currency of Hungary
The Hungarian Forint, often denoted HUF and abbreviated Ft. The forint was introduced in 1946. Until recently, the forint was comprised of 100 filler, but circulation of the filler stoped in 1999. The Magyar Nemzeti Bank (Hungarian National Bank) will withdraw from circulation HUF 1 and 2 coins on 1 March 2008. The name of the forint comes from Florence.

Currency Regulations

There is no restriction on the importing of convertible currencies if the amount does not exceed the equivalent of 1,000,000 Ft. For the import of currencies over this amount, it is advisable to fill out a "Certification of Values Entered". The declaration should be made both entering and leaving the territory of Hungary. If large amounts of undeclared currency are discovered during routine inspections, the customs authority may investigate and, if a criminal act is suspected, initiate criminal proceedings. (According to the Act 24 of 1994 on Prevention and Impending of Money Laundering) For more information see the website of the Hungarian customs authorities: www.vam.hu or www.vaminfo.hu

The Currency Converter

To start, simply type the value of currency to convert in the amount box. You may include commas and a decimal point. Next, select the source and destination currencies using the scrolling selection boxes. Currencies that are obsolete -- or that are being phased out -- will be indicated by an asterisk (*). When you are finished, push the "Go!" button, and the results of your conversion will be displayed.

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Budapet Pocket Guide - Quick Currency Converter

Rates as of 2007-12-07 11:41 UTC (GMT)

Using live mid-market rates. More currencies...

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Forint coins: 5Ft, 10Ft, 20Ft, 50Ft, 100Ft
Forint banknotes are issued in the following denominations: 200, 500, 1000, 5000, 10000, 20000 Forint.

200 Hungarian Forint - HUF

500 Hungarian Forint - HUF

1000 Hungarian Forint - HUF

2000 Hungarian Forint - HUF

5000 Hungarian Forint - HUF

10000 Hungarian Forint - HUF

20000 Hungarian Forint - HUF

Travel Notes:

You need to know when traveling to Hungary, there is currency import and export restrictions:
For import and export, local currency exceeding 350,000
Forint requires permission from the Hungarian National Bank (MNB).
For export, amounts equivalent to 100,000 Forint require
permission from the Hungarian National Bank (MNB).

Labels: Budapest Currency , Currency Converter , Hungarian Forint , HUF

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