Budapest Currency

The Hungarian Forint (HUF) is official currency of Budapest and the rest of Hungary.  Although Hungary joined the European Union in 2004, it has not yet adopted the Euro.

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The Hungarian Forint (HUF) is official currency of Budapest and the rest of Hungary.  Although Hungary joined the European Union in 2004, it has not yet adopted the Euro.

Hungary
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Hungary currency information

Currency Name:Hungarian Forint
Currency Code:HUF
Currency Symbol:Ft
Banknotes:500, 1000, 2000, 5000, 10,000, 20,000 Ft
Coins:5, 10, 20, 50, 100 and 200 Ft

The Forint (abbreviated as Ft and also known as HUF – Hungarian Forint) is the currency used in Budapest and the rest of Hungary. Although Hungary joined the European Union in 2004, it has not yet adopted the euro as its currency and the forint remains the official currency of Hungary.

Should I Exchange Pounds to Forints Now?

To get the best exchange rate for Hungarian forint, it is a good idea to monitor the GBP to HUF exchange rate before your trip. By buying your travel money in advance, you’ll lock in the exact rate you receive, which may be better than using ATMs or exchanging currency in Budapest.

Is Budapest Expensive?

No, Budapest is significantly less expensive compared to the UK, especially London. 

 Once you’ve booked your travel and accommodation in Budapest it’s time to start thinking about your holiday budget. Remember to factor in the average costs of meals, drinks, entrance fees to attractions, transportation and a bit extra for tipping and small purchases.

Typical prices in Budapest

3 course meal for two (mid-range restaurant)20,000.00 Ft
Pint of domestic beer 1,000.00 Ft
McDonalds combo meal3,000.00 Ft
Cappuccino 834.79 Ft
Average prices, Data source: Numbeo Cost of Living in Budapest, Date: May 2024

Don’t forget to tip in Budapest while it’s not mandatory. It is nice to show your appreciation with a 10 to 15% if the service charge is not included in the bill.

Cost of Attractions in Budapest

When visiting Budapest, here are some typical costs for popular attractions:

Szechenyi Thermal Baths daily tickets from10,500 Ft
1 hour River Cruises on Danube can range from4,725 Ft to 11,250 Ft
Big Bus Budapest Hop-On Hop-Off Tour price starts from12,500 Ft.

Please note that these prices are approximate guidelines and may be subject to change. It’s recommended to check the official websites or providers for the most up-to-date pricing information before your visit to Budapest.

Cost of transportation in Budapest

One-way Ticket (Local Transport)450 Ft
Monthly Pass (Regular Price) 9,500 Ft
Taxi Start (Normal Tariff)1,100 Ft
Taxi 1km (Normal Tariff)  440 Ft
Average prices, Data source: Numbeo Cost of Living in Budapest, Date: May 2024

Cost of Airport Transfer

From the airport, you can take a taxi or buses into Budapest city.

Airport TransferTypical CostDuration
Taxi9800 Ft35 minutes
Direct Bus (100E)1500 Ft45 minutes
Bus 200E700 Ft55 minutes
Data source: https://budapest-international-airport.com/transportation/airport-transfer-to-city/

The Budapest Travel Card

It can be a convenient and cost-effective option for unlimited public transportation access during your stay in the city covering city’s buses, trams, and metro lines.

24 hour Budapest Travel Card5,000 Ft
72 hour Budapest Travel Card5,500 Ft

Payment Methods used in Budapest?

While cash remains a popular choice, a combination of cash and cards is recommended for your trip to Budapest.

  • Cash remains widely used, particularly for in-store purchases, tipping, and purchases at markets
  • Debit and credit cards are extensively accepted, even in smaller establishments and bars.
  • Contactless payments via Google Pay or Apple Pay are commonly used.

Using your bank card in Budapest

Be mindful of potential additional fees such as:

  • Foreign transaction fee: Typically around 2.95% to 3% of the transaction amount for currency conversion.
  • Cash advance fee: Usually about 2.5% to 3% of the withdrawal amount, with a minimum fee of £3.
  • ATM operator fee: Additional charges may apply by the ATM provider, often displayed before the transaction is completed.

To avoid these fees, buy your Hungarian forints in advance.

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