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Phenix Finance (NEW) to Hungarian Forint Converter and calculator

Convert 1Phenix Finance (NEW) (PHNX) to Hungarian Forint (HUF) equals Ft 0 | Bitget
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Last updated 2024/12/29 15:28:20 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Phenix Finance (NEW)(PHNX) to Hungarian Forint(HUF). This is the real-time data. The current conversion shows 1 PHNX at a value of 1 PHNX for 0 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.

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Bitget crypto-to-fiat exchange data shows that the most popular Phenix Finance (NEW) currency pair is the PHNX to HUF, with for Phenix Finance (NEW)'s currency code being PHNX. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for HUF.

PHNX to HUF conversion rate trend

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Live Phenix Finance (NEW) (PHNX) price chart
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In the past 1D, Phenix Finance (NEW) has changed +6.23% to HUF. Based on the trend and price charts, Phenix Finance (NEW)(PHNX) has changed +6.23% to HUF while Hungarian Forint(HUF) has changed -5.86% to PHNX in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
Ft0
0.0200% / 0.0320%vip-iconVIP 7
Last updated 2024/12/29 08:36:30(UTC+0)

How to buy Phenix Finance (NEW)

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Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
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Verify your identity by entering your personal information and uploading a valid photo ID.
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Buy Phenix Finance (NEW) (PHNX)
Use a variety of payment options to buy Phenix Finance (NEW) on Bitget. We'll show you how.

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

Bitget P2P trading does not currently support direct buying of PHNX with HUF. However, you can buy USDT in Bitget P2P trading first, and then buy PHNX with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
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Sell PHNX (or USDT) for HUF (Hungarian Forint) offers

Bitget P2P trading currently does not support direct selling of PHNX to HUF. However, you can first exchange PHNX 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
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What factors influence the conversion rate of Phenix Finance (NEW) to Hungarian Forint?

Phenix Finance (NEW) to Hungarian Forint is rising this week.
Phenix Finance (NEW)'s current market price is Ft 0 per PHNX, with a total market cap of Ft 0 HUF based on a circulating supply of -- PHNX. The trading volume of Phenix Finance (NEW) has changed by 0.00% (Ft 0 HUF) in the last 24 hours. Last trading day, PHNX's trading volume was Ft 0.
Market cap
$0
24h volume
$0
Circulating supply
0 PHNX

Conversion tables

The exchange rate of Phenix Finance (NEW) is increasing.
1 PHNX is currently valued at Ft 0 HUF , which means buying 5 PHNX will cost Ft 0 HUF . Similarly, Ft1 HUF can be traded for Infinity PHNX, and Ft50 HUF can be converted to Infinity PHNX, excluding any platform or gas fees.
The exchange rate of 1 PHNX to Hungarian Forint has changed by +8.29% in the last 7 days. In the last 24 hours, the rate has fluctuated by +6.23%, reaching a high of 0.0001110 HUF and a low of 0.{4}9850 HUF . One month ago, the value of 1 PHNX was Ft -0.{4}5905 HUF , which represents a +96.28% change from its current value. Over the last year, Phenix Finance (NEW) has changed by
-Ft
1.23HUF
, resulting in a change of -99.99% in its value.

PHNX to HUF

Amount
15:28 today
0.5 PHNX
Ft0
1 PHNX
Ft0
5 PHNX
Ft0
10 PHNX
Ft0
50 PHNX
Ft0
100 PHNX
Ft0
500 PHNX
Ft0
1000 PHNX
Ft0

HUF to PHNX

Amount15:28 today
0.5HUFInfinity  PHNX
1HUFInfinity  PHNX
5HUFInfinity  PHNX
10HUFInfinity  PHNX
50HUFInfinity  PHNX
100HUFInfinity  PHNX
500HUFInfinity  PHNX
1000HUFInfinity  PHNX

Today vs. 24 hours ago

Amount15:28 today24 hours ago24h change
0.5 PHNX$0.00$-0.{8}8246
+6.23%
1 PHNX$0.00$-0.{7}1649
+6.23%
5 PHNX$0.00$-0.{7}8246
+6.23%
10 PHNX$0.00$-0.{6}1649
+6.23%
50 PHNX$0.00$-0.{6}8246
+6.23%
100 PHNX$0.00$-0.{5}1649
+6.23%
500 PHNX$0.00$-0.{5}8246
+6.23%
1000 PHNX$0.00$-0.{4}1649
+6.23%

Today vs. 1 month ago

Amount15:28 today1 month ago1M change
0.5 PHNX$0.00$-0.{7}7492
+96.28%
1 PHNX$0.00$-0.{6}1498
+96.28%
5 PHNX$0.00$-0.{6}7492
+96.28%
10 PHNX$0.00$-0.{5}1498
+96.28%
50 PHNX$0.00$-0.{5}7492
+96.28%
100 PHNX$0.00$-0.{4}1498
+96.28%
500 PHNX$0.00$-0.{4}7492
+96.28%
1000 PHNX$0.00$-0.0001498
+96.28%

Today vs. 1 year ago

Amount15:28 today1 year ago1Y change
0.5 PHNX$0.00$0.001566
-99.99%
1 PHNX$0.00$0.003132
-99.99%
5 PHNX$0.00$0.01566
-99.99%
10 PHNX$0.00$0.03132
-99.99%
50 PHNX$0.00$0.1566
-99.99%
100 PHNX$0.00$0.3132
-99.99%
500 PHNX$0.00$1.57
-99.99%
1000 PHNX$0.00$3.13
-99.99%

Phenix Finance (NEW) price prediction

What will the price of PHNX be in 2025?

Based on PHNX's historical price performance prediction model, the price of PHNX is projected to reach $0.00 in 2025.

What will the price of PHNX be in 2030?

In 2030, the PHNX price is expected to change by +10.00%. By the end of 2030, the PHNX price is projected to reach $0.00, with a cumulative ROI of 0.00%.

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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.