Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
base info Frax Share

Frax Share to Hungarian Forint Converter and calculator

Convert 1Frax Share (FXS) to Hungarian Forint (HUF) equals Ft 948.41 | Bitget
FXS
FXS
swap
HUF
Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
Want to display this on your website?
Bitget converter offers real-time exchange rates, allowing for easy conversion of Frax Share(FXS) to Hungarian Forint(HUF). This is the real-time data. The current conversion shows 1 FXS at a value of 1 FXS for 948.41 HUF . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

HUF information

About the Hungarian Forint (HUF)

What Is the Hungarian Forint (HUF)?

The Hungarian Forint (HUF), symbolized as Ft, is the national currency of Hungary. It was introduced in 1946 to stabilize the Hungarian economy after World War II, replacing the pengő which had suffered from extreme hyperinflation. The Hungarian Forint is the sole legal tender in Hungary.

The Hungarian Forint is issued and managed by the Hungarian National Bank, known in Hungarian as Magyar Nemzeti Bank. This central bank of Hungary is responsible for maintaining the stability of the national currency, controlling its circulation, and implementing monetary policy in alignment with the country's economic objectives. The Hungarian National Bank plays a crucial role in the financial system of Hungary, including the issuance of banknotes and coins in various denominations of the Forint.

What Is the History of HUF?

The Forint’s name originates from the city of Florence, where gold coins, known as fiorino d'oro, were minted from 1252. Hungary adopted a similar gold-based currency, the Florentinus, under Charles Robert in 1325. The forint was also the currency of the Austro-Hungarian Empire between 1868 and 1892. The modern Forint was reintroduced on August 1, 1946, replacing the pengő, which had suffered from severe hyperinflation post-World War II.

Notes and Coins of HUF

Hungarian banknotes are issued in denominations of 500, 1000, 2000, 5000, 10,000, and 20,000 forints, each featuring prominent Hungarian historical figures and landmarks. Coins come in 5, 10, 20, 50, 100, and 200 forint denominations. The Forint was initially subdivided into 100 fillér, but these coins were phased out due to inflation.

Economic Stability and Exchange Rates

The economic stability of the Hungarian Forint (HUF) has been a journey of significant transformation, especially since the fall of communism and Hungary's transition to a market economy. In the early 1990s, this shift brought about considerable inflation, peaking at 35% in 1991. However, the subsequent years saw a stabilization effort, with inflation dropping to single digits between 2001 and 2022. This period of relative stability was disrupted in February 2023 when inflation climbed to 25.80%, influenced by global economic factors such as the war in Ukraine and broader economic uncertainties. Despite these challenges, the Forint has maintained its status as a fully convertible currency, crucial for Hungary's trade and economic relations.

The exchange rate of the Hungarian Forint has seen fluctuations reflective of both domestic economic policies and global financial trends. As Hungary is a member of the European Union but has not adopted the Euro, the Forint’s value against the Euro and other major currencies like the U.S. dollar is a critical economic indicator

Why Doesn’t Hungary Use the Euro?

Hungary has not adopted the Euro for several reasons, despite initial plans to do so. Initially, Hungary aimed to replace the Hungarian Forint with the Euro around 2007 or 2008, later targeting January 1, 2010. However, these plans were abandoned due to high budget deficits, inflation, and public debt, preventing Hungary from meeting the Maastricht criteria. The global financial crisis of 2008 further complicated matters, despite aid from the IMF, EU, and World Bank. The Fidesz government, elected in 2010, has shown a soft Eurosceptic stance, maintaining the Forint and postponing discussions about adopting the Euro. Prime Minister Viktor Orbán stated that Euro adoption would not be considered until Hungary's public debt reached a 50% threshold, a significant reduction from its level in 2011.

Additionally, broader reasons why some EU countries, including Hungary, choose not to adopt the Euro involve maintaining financial independence. This independence allows for control over key issues like setting monetary policy, handling national debt, modulating inflation, and the ability to devalue the currency in certain circumstances. The European Central Bank sets economic and monetary policies for all Eurozone nations, which means individual states lack the independence to craft policies tailored to their own conditions. This lack of economic independence and the desire to maintain control over national financial policies contribute to Hungary's decision to retain the Forint instead of adopting the Euro.

Show more
Bitget crypto-to-fiat exchange data shows that the most popular Frax Share currency pair is the FXS to HUF, with for Frax Share's currency code being FXS. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for HUF.

FXS to HUF conversion rate trend

1D7D1M3M1YAll
In the past 1D, Frax Share has changed +4.69% to HUF. Based on the trend and price charts, Frax Share(FXS) has changed +4.69% to HUF while Hungarian Forint(HUF) has changed % to FXS in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
Ft930.19
0.0200% / 0.0320%vip-iconVIP 7
Binance
Ft934.48
0.1000% / 0.1000%
Yes
OKX
Ft934.87
0.080% / 0.100%
Yes
Huobi
Ft932.61
0.1000% / 0.1000%
Yes
Gate.io
Ft934.09
0.1000% / 0.1000%
Yes
Bybit
Ft931.59
0.1000% / 0.1000%
Yes
KuCoin
Ft934.48
0.1000% / 0.1000%
Yes
Last updated 2024/11/21 16:00:20(UTC+0)

How to buy Frax Share

buy-coin-step-0-img
Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
buy-coin-step-1-img
Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
buy-coin-step-2-img
Buy Frax Share (FXS)
Use a variety of payment options to buy Frax Share on Bitget. We'll show you how.

Buy FXS (or USDT) for HUF (Hungarian Forint) offers

Bitget P2P trading does not currently support direct buying of FXS with HUF. However, you can buy USDT in Bitget P2P trading first, and then buy FXS with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
Action
No matching ads found.

Sell FXS (or USDT) for HUF (Hungarian Forint) offers

Bitget P2P trading currently does not support direct selling of FXS to HUF. However, you can first exchange FXS for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
Action
No matching ads found.

What factors influence the conversion rate of Frax Share to Hungarian Forint?

Frax Share to Hungarian Forint is rising this week.
Frax Share's current market price is Ft 948.41 per FXS, with a total market cap of Ft 80,517,937,026.82 HUF based on a circulating supply of 84,898,090 FXS. The trading volume of Frax Share has changed by +22.68% (Ft 1,602,312,106.65 HUF) in the last 24 hours. Last trading day, FXS's trading volume was Ft 7,063,871,528.93.
Market cap
$206.19M
24h volume
$22.19M
Circulating supply
84.90M FXS

Conversion tables

The exchange rate of Frax Share is increasing.
1 FXS is currently valued at Ft 948.41 HUF , which means buying 5 FXS will cost Ft 4,742.04 HUF . Similarly, Ft1 HUF can be traded for 0.001054 FXS, and Ft50 HUF can be converted to 0.05272 FXS, excluding any platform or gas fees.
The exchange rate of 1 FXS to Hungarian Forint has changed by +12.51% in the last 7 days. In the last 24 hours, the rate has fluctuated by +4.69%, reaching a high of 964.83 HUF and a low of 865.07 HUF . One month ago, the value of 1 FXS was Ft 796.96 HUF , which represents a +19.00% change from its current value. Over the last year, Frax Share has changed by
-Ft
1,744.22HUF
, resulting in a change of -64.78% in its value.

FXS to HUF

Amount
17:03 today
0.5 FXS
Ft474.2
1 FXS
Ft948.41
5 FXS
Ft4,742.04
10 FXS
Ft9,484.07
50 FXS
Ft47,420.35
100 FXS
Ft94,840.7
500 FXS
Ft474,203.51
1000 FXS
Ft948,407.02

HUF to FXS

Amount17:03 today
0.5HUF0.0005272  FXS
1HUF0.001054  FXS
5HUF0.005272  FXS
10HUF0.01054  FXS
50HUF0.05272  FXS
100HUF0.1054  FXS
500HUF0.5272  FXS
1000HUF1.05  FXS

Today vs. 24 hours ago

Amount17:03 today24 hours ago24h change
0.5 FXS$1.21$1.16
+4.69%
1 FXS$2.43$2.32
+4.69%
5 FXS$12.14$11.6
+4.69%
10 FXS$24.29$23.2
+4.69%
50 FXS$121.43$116
+4.69%
100 FXS$242.87$231.99
+4.69%
500 FXS$1,214.33$1,159.96
+4.69%
1000 FXS$2,428.65$2,319.92
+4.69%

Today vs. 1 month ago

Amount17:03 today1 month ago1M change
0.5 FXS$1.21$1.02
+19.00%
1 FXS$2.43$2.04
+19.00%
5 FXS$12.14$10.2
+19.00%
10 FXS$24.29$20.41
+19.00%
50 FXS$121.43$102.04
+19.00%
100 FXS$242.87$204.08
+19.00%
500 FXS$1,214.33$1,020.41
+19.00%
1000 FXS$2,428.65$2,040.83
+19.00%

Today vs. 1 year ago

Amount17:03 today1 year ago1Y change
0.5 FXS$1.21$3.45
-64.78%
1 FXS$2.43$6.9
-64.78%
5 FXS$12.14$34.48
-64.78%
10 FXS$24.29$68.95
-64.78%
50 FXS$121.43$344.76
-64.78%
100 FXS$242.87$689.52
-64.78%
500 FXS$1,214.33$3,447.6
-64.78%
1000 FXS$2,428.65$6,895.2
-64.78%

Frax Share price prediction

What will the price of FXS be in 2025?

Based on FXS's historical price performance prediction model, the price of FXS is projected to reach $3.5 in 2025.

What will the price of FXS be in 2030?

In 2030, the FXS price is expected to change by -20.00%. By the end of 2030, the FXS price is projected to reach $5.27, with a cumulative ROI of +121.66%.

Bitget Earn

A safe, convenient, and professional platform to maximize your crypto asset profits.
Coin

APR

Action

Latest coin listings on Bitget

New listings

FAQ

What is a cryptocurrency calculator?

A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.

How does a cryptocurrency calculator work?

A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Frax Share and HUF.

How accurate is a cryptocurrency calculator?

Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Frax Share and HUF. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.

Can I trust the results of a cryptocurrency calculator?

While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.

Can I use a cryptocurrency calculator for tax purposes?

Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.

Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?

If you want to know the value of Frax Share in HUF, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.