Q:

What type of currency is used in Budapest?

A:

Quick Answer

The currency used in a Budapest, Hungary is the Hungarian forint (Ft). Coins come in denominations of 5Ft, 10Ft, 20Ft, 50Ft and 100Ft. Notes come in denominations of 200Ft, 500Ft, 1000Ft, 2000Ft, 5000Ft, 10, 000Ft and 20, 000Ft.

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What type of currency is used in Budapest?
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Full Answer

Exchange rates change frequently, but as of April 2014, 1.00FT is equal to 0.004 U.S. dollars.

The Hungarian forint was first introduced on August 1, 1946, post World War II. It is often denoted as HUF and abbreviated as Ft. Until recently, the forint was comprised of 100 fillér, This ceased in 1999. The name forint is derived from Florence, Italy, where gold money originated in 1252.

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