USDHUF exchange rate

USD/HUF

308.864 HUF

+4 (+1.38%)

1MN

USDHUF Key Statistics

Open price

304.545

High today

309.14

Low today

303.671

52 Week high

351.238

52 Week low

300.291

Trading hours

-12:00

-11:00

-10:00

-09:00

-08:00

-07:00

-06:00

-05:00

-04:00

-03:00

-02:00

-01:00

UTC 00:00

+01:00

+02:00

+03:00

+03:30

+04:00

+04:30

+05:00

+05:30

+05:45

+06:00

+07:00

+08:00

+09:00

+09:30

+10:00

+11:00

+12:00

+12:45

+13:00

+14:00

UTC 00:00

Symbol trading specification

Trade USD/HUF

About USDHUF

USDHUF is an exotic pair consisting of the U.S. dollar (USD) as the base currency and the Hungarian forint (HUF) as the quote currency. This forex pair is highly volatile with low volume compared to major currency pairs, offering traders unique profit opportunities. USDHUF refers to how many HUFs are needed to buy one USD.

What is the U.S. Dollar vs. Hungarian Forint (USDHUF)?

One of the most versatile forex indexes remains the USDHUF, which shows the relation between the U.S. Dollar and the Hungarian Forint. Even though the two countries are far away, they have strong commercial and trade relations. It's impressive how Hungary managed to be in the EU and not adopt the Euro currency. The rate between USD and Hungarian Forint is a case study for most economists. The USDHUF forex index started right after the end of the Cold War in the 1990s. Before that, the Hungarian Forint was under the domination of the Eastern Russian Ruble, and there was no chance to trade freely in the global economic markets. Investors who want to know how to invest in USDHUF should remember these historical aspects, which might impact even nowadays. Today, the index gathers billions of transactions daily and is one of the most vivid indexes globally.

How does USDHUF work?

The currency pair works by trading on various platforms, like SimpleFX. First, the trader needs to open an account. SimpleFX provides a demo account where investors can learn how to trade USDHUF. It gives access to the simulation of real-time market conditions without financial risks. Investors need to know the movements of the central banks. The FED is the most important one; however, we have seen the Hungarian Central Bank in Budapest increase interest rates rapidly when inflation comes up in the Hungarian economy. The market works daily, changing every 15 seconds like all the others.

USDHUF price history

Here is the latest historical performance of the USDHUF index:

2018

The index was close to 258 Hungarian Forints for 1 US Dollar. That showed how the Hungarian economy has progressed to one of the best economies in the Eastern European context. Many multinational companies from the United States made direct investments in Hungary, which made the forex index even lower.

2019

Things went better for the American economy in 2019, as depicted on the USDHUF index. The price was close to the range of 295 Hungarian Forints for 1 US Dollar, which was one of the lowest we have seen in recent years. The relapse of the American economy had to do with the announcement of better industrial results for the US-based companies compared to the stagnation in the Hungarian economy by that time.

2020

The USDHUF index in 2020 has been the same. The pandemic made things stagnate on both sides of the Atlantic, and the USD was close to 298 Hungarian Forints, the same as the previous year.

2021

As the oil prices continued going upward, the forex index USDHUF also went upward. In 2021, we saw the relative value of the US Dollar equal 320 Hungarian Forints for the first time in recent history. That happened partially due to the overprinting of forints from the Hungarian Central Bank to ensure enough liquidity for the citizens and companies in the fragile Hungarian economy.

2022

2022 was a milestone year for the USDHUF since it was the time that the index reached the outrageous level of 450 Hungarian Forints for 1 US Dollar. That happened during the summer when the fear of war in Eastern Europe and Hungary was visible. However, this year ended with a rate close to 355 Hungarian Forints for 1 US Dollar, which still made the Hungarian economy tremble again.

Current USDHUF price

The current USDHUF price is subject to fluctuation due to the volatility of the forex market. Investors can check it on the chart or the SimpleFX Webtrader platform.

Is USDHUF a good investment?

Whether USDHUF is a good investment depends on factors such as interest rates, monetary policies, geopolitical events, etc. The answer depends on analyzing these factors and the potential returns on investment. If the factors are also stable and there are more chances of return, this currency pair brings more interest from investors worldwide.