Euro vs Hungarian Forint
EURHUF
Pricing is indicative. Past performance is not a reliable indicator of future results. Client sentiment is provided for general information only, is historical in nature and is not intended to provide any form of trading or investment advice - it must not form the basis of your trading or investment decisions.
Trading Conditions
ATP Margin
0.004
Contract Size Currency per 1 Lot Symbol
EUR 100,000
Min/Max Trade Size (lots)
0.01 / 50
Schedule and Fees
Market Open
Monday 00:01 MT Server
Market Closed
Friday 23:58 MT Server
Trading Break
23:59 - 00:01 MT Server
3 Day Financing
Wednesday
Long & Short Position Overnight Fee
displayed on the trading platform
Upcoming Calendar Events
| August 24 | Monday | Volatility | Actual | Previous | Consensus | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAQ
The EUR/HUF currency pair represents the exchange rate between the euro and the Hungarian forint, or the number of forints (the quote currency) needed to purchase one euro (the base currency). The "exotic" currency pair is susceptible to volatility and can provide opportunities for traders seeking to diversify their forex portfolio.
The Hungarian forint is the country's official currency; it was established in 1946 and is issued by the National Bank of Hungary (Magyar Nemzeti Bank). Despite joining the European Union (EU) in 2004, Hungary is one of the EU member states that has not adopted the euro as its official currency, fearing the shortcomings of the euro revealed by the 2008 financial crisis, such as the inability to set an independent monetary policy to promote economic recovery. Its acceptance of USD 25 billion in aid from the International Monetary Fund (IMF), the European Union, and the World Bank pushed back an already-delayed adoption plan and reduced public support.
The euro is the official currency of the Eurozone, which comprises 19 of the 27 member states of the European Union. It was introduced digitally in 1999 and became physical in 2002. It serves as an international reserve currency and medium of exchange under the supervision of the European Central Bank (ECB).
