Currency Exchange rates in Hungary

markelock

I don't suppose anyone has the latest in Hungary?

It's trading at 324 ish, exchange rate I can get here is about 302. I wonder whether it's worth holding off and buying most of the money out there?

Thanks



Mark

BenL

A quick look at the post office website shows 312 Forints to the £ at the moment so a little improvment on the 302.

I had no problems in using Nationwide Visa debit card at cash machines for fee free withdrawals when at Lake Balaton last year.

The Visa exchange rate calculator doesn't show any values for the Forint but it will be slightly over 312 as well so as ever if you can get or have Nationwide Current Account with visa debit card this is the best way.

I wasn't on the look out for exchange places so could not say how they compared the rates we were getting at cash machines.

markelock

cheers, just refreshed the price last night and hey presto!

thanks for that

markelock

just for info, buy your forints in hungary. the lowest price was 340 forints to the pound.

I've no idea why, but it's so much better value out there, you'll save loads doing it.

dzug1

The forint is very weak at the moment - they have been worse hit by the banking crisis than most countries. So getting it there is in principle a good idea - they will want (relatively) strong currencies like the £. (Note I said relatively.....)

markelock

it's worth getting it there and bringing it back here. there's a clear profit to be made. assuming it's legal.

dzug1

markelock wrote: »

it's worth getting it there and bringing it back here. there's a clear profit to be made. assuming it's legal.

It's legal but you might find a problem offloading any significant sum at this end. Some BdeC are imposing limits on buyback.

And don't confuse buying and selling rates - there will be a wide spread which might mean you do not make what you expected