Hungarian Forint
The currency of Hungary is the forint (HUF). Hungary is one of seven EU member states that don’t use the euro.
Hungary has historically run a budget deficit.3 Its aging population has the potential to burden the country’s social systems.
The inflation rate is currently running higher than normal but has shown signs of easing since the start of 2023.
The country’s labor force participation rate has been trending higher over the past 15 years. Hungary had the sixth-lowest ratio of household debt to GDP1 in the world in 2022.
About Hungary
GDP1
$179
Billion
USD
Major Exports2
Cars
Motor Vehicle Parts
Major Export Partners2
Germany
Italy
Romania
Budget Deficit3
-6.2%
Trade Flows4
-€5.4
Billion
EUR
Pros and Cons of the Hungarian Forint
- Independent monetary policy5
- Competitive export sector6
- Potential for higher yields7
- High volatility8
- Inflation pressure and policy uncertainty9
- Sensitive to EU relations and regional risk10
1. https://tradingeconomics.com/country-list/gdp-per-capita
2. https://tradingeconomics.com/country-list/exports;
3. https://tradingeconomics.com/country-list/government-budget?continent=world
4. https://tradingeconomics.com/country-list/balance-of-trade
5. https://www.mnb.hu/en/monetary-policy
6. https://www.oecd.org/economy/hungary-economic-snapshot/
7. https://tradingeconomics.com/hungary/interest-rate
8. https://www.bis.org/statistics/rpfx22_fx.htm
9. https://www.imf.org/en/Countries/HUN
10. https://economy-finance.ec.europa.eu/index_en
How to Buy the Hungarian Forint
Currency CD
Term
APY
3 Month
4.06%
6 Month
4.06%
9 Month
4.06%
12 Month
4.06%
Currency Deposit Account
$2,500 minimum initial trade per currency. After initial trade, no minimum trade amount required.
Balance
APY
All Balances
0.00%
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