Hungary may sit at the heart of Europe, but it does not use the euro. For newcomers, that’s the first of several small surprises.

Here’s what expats need to know.

1. What Is the Hungarian Currency?

Hungary’s currency is the forint, abbreviated to HUF and written as Ft after the amount.

You’ll see prices displayed as: 

* 4 500 Ft
* 12 990 Ft
* 399 Ft

There are no decimal points in everyday use because forint coins no longer come in fillér subdivisions. What you see is what you pay.

The exchange rate fluctuates, but the forint is generally weaker than the euro or pound sterling, meaning visitors often find Hungary affordable — though residents quickly notice rising prices in recent years.

2. Hungarian Banknotes and Coins Explained

Banknotes currently in circulation:

* 500 Ft
* 1,000 Ft
* 2,000 Ft
* 5,000 Ft
* 10,000 Ft
* 20,000 Ft

Coins include:

* 5 Ft
* 10 Ft
* 20 Ft
* 50 Ft
* 100 Ft
* 200 Ft

The 200 Ft exists only as a coin — the banknote was withdrawn years ago.

Notes feature key figures from Hungarian history, which can make everyday transactions feel like a pocket-sized history lesson.

One practical detail: Hungary rounds totals to the nearest 5 forints only when paying in cash. Card payments are charged to the exact amount.

3. How Easily Can You Pay by Card in Hungary?

In Budapest, very easily. Card payment is now standard in:

* Supermarkets
* Restaurants and cafés
* Taxis
* Pharmacies
* Even many market stalls

Contactless payment is widespread, and Apple Pay and Google Pay are commonly accepted.

Outside Budapest, card use is still common, though in smaller villages it’s wise to carry some cash.

Since 2021, businesses in Hungary are legally required to provide an electronic payment option — one reason card use has become so widespread.

4. Where Is Best to Exchange Money in Hungary?

If you’re arriving with euros or pounds, you have options — but some are better than others.

Avoid exchanging money at the airport unless absolutely necessary; rates there are rarely favourable.

In Budapest, exchange offices in the city centre often offer competitive rates. Always check:

* The displayed buy/sell rate
* Whether commission is included
* The final amount before handing over cash

ATMs are widely available and usually provide a fair interbank rate. However, when prompted, decline “dynamic currency conversion” and choose to be charged in forints, not your home currency, to avoid poor exchange rates.

5. How Expensive Is Hungary Compared to Other Countries?

Hungary remains cheaper than much of Western Europe, though prices — especially in Budapest — have risen significantly.

As a rough guide:

* A coffee in central Budapest: 600–1,000 Ft
* A main course in a mid-range restaurant: 4,000–7,000 Ft
*  Monthly public transport pass in Budapest: good value by European standards
* Rent: still lower than many EU capitals, but climbing

Compared to Vienna, Munich or Paris, everyday living costs are lower. Compared to neighbouring countries such as Slovakia or Romania, prices may feel similar or slightly higher in the capital.

Inflation has been a major issue in recent years, something long-term residents are very aware of.

6. Tipping Etiquette in Hungary

Tipping is customary, but not excessive.

Restaurants: 10% is standard if service is not already included. Many places now add a 12–15% service charge automatically — check the bill before adding extra.
Bars: Rounding up or leaving small change is normal.
Taxis: Round up to the nearest 100 or 500 forints.
Hairdressers and other services: 5–10% is typical.

If paying by card, you’ll often be asked to enter the tip amount on the terminal before tapping.

7. Top Practical Tips for Handling Hungarian Currency

* Get used to large numbers. 10,000 Ft sounds dramatic but may simply cover dinner for two.
* Always double-check whether service charge is included.
* Keep small coins handy for public toilets and small purchases.
* When withdrawing cash, avoid standalone private ATMs with high fees.
* If transferring money internationally, compare bank rates with specialist transfer services.
* Remember that cash rounding applies only to physical payments.

A final cultural note: Hungarians are precise with money. Bills are itemised carefully, and queues move quickly — hesitation at the till is noticed.

8. Hungarian Currency FAQs

Is Hungary planning to adopt the euro? There is currently no confirmed target date.

Can I pay in euros in Budapest? Some hotels and tourist-focused businesses may accept euros, but the rate is usually unfavourable. Pay in forints.

Are bank transfers common? Yes. Hungarians frequently use bank transfers for rent and bills.

Is it safe to carry cash? Budapest is generally safe, but as in any major city, exercise normal precautions.

Do I need cash for public transport? Not usually. Tickets and passes can be purchased by card at machines and via apps.

For expats settling in Budapest, understanding the forint is less about exchange rates and more about rhythm — how payments flow, how tips are handled, how daily transactions work in practice.

Master that, and you’re one step closer to feeling at home.
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