Where to exchange hungarian forint in budapest
DOS AND DON'TS OF CHANGING MONEY IN BUDAPEST -- True Guide Budapest
Hungary is a member of the EU that does
not use the euro our official currency
is the Hungarian forint you will most
definitely get a better exchange rate in
Hungary then you would get in your home
country so you should change in Budapest
there there are some tips that you
should follow I will talk about these in
this video
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hungry of course is in Europe it is also
part of the European Union but we have
not adopted the euro therefore we have
our own currency the Hungarian forint it
is circulated in denominations ranging
from an almost worthless 5 foreign coin
to extremely flashy
20,000 foreign bills probably there are
3 general tips that I can tell you that
you should keep before you leave to
Budapest first you should know the
actual exchange rate between your own
currency and the Hungarian forint second
you should remember that these exchange
rates always change and third you should
research your home bank's partnerships
before your departure there are certain
many exchange places that you should
avoid you should avoid airport currency
exchange boots as you know almost
everything is more expensive at airports
than in town and money exchange boots
are no exception so if you feel that you
must change some money at the airport to
somehow function in hungry by the
minimum amount of funds necessary before
you will be good after City Center where
you will find much more reasonable
options currency exchange places near
train stations or interesting areas just
like at the airport are probably giving
you a much worse rate because anything
that is a naturalistic expensive area of
town we will pass on the added costs of
their location to you as a tourist so
probably if you just walk a block or two
away from these areas you will find much
better options although many Budapest
banks offer currency exchange services
and maybe this might seem like the
safest option you should be aware that
banks usually charge extremely expensive
rates compared with smaller independent
money changing services that are usually
found just a few steps away do not even
consider it an option that you should be
changing money on the street never never
do business with us shady guys who would
approach you on the sidewalk or in some
other public place offering you to
change money it is a common scam in
Budapest that these guys like some
magicians will somehow trick
you into changing the high-denomination
does that they are giving you into some
low denomination girls or even fake
girls which will mean that you will lose
a lot of your money but how should you
choose a currency exchange booth well
you should not choose by the looks of
the place there plenty of currency
exchanges found on almost every block of
downtown Budapest some of them are flash
establishments which will actually
probably give you a worse rate then
those may be tiny dodgy looking nuts
which are more hidden from sight so
maybe you should choose the later option
I can describe a foolproof way how you
can tell if a currency exchange place is
offering fair rates for that services
they are if they buy and if they're sell
rates are close to each other when
looking at the display showing money
exchange rates you'll actually see few
numbers for each type of currency
they'll buy and there sell amounts per
single unit of foreign money that is one
year old one dollar one British Pound
etc and that the money changing booth
with good rates these two numbers will
be very close to each other because the
actual value of the foreign is
approximately the median of these two
numbers so that by answer its are close
to each other maybe that's a good option
to change your money naira the sign mill
Commission is often not a bargain you
should just look for the best rates many
Budapest money exchange places
prominently offer no Commission on their
transactions that this is actually
probably a sign that they will try to
rip you off you should just look at the
best rates and decide according to that
just use ATMs to take out cash perhaps
the simplest is to just use the ATMs
found everywhere you take out cash from
your own bank account at home but beware
you should always always choose to have
the exchange rate done by your own bank
and not by the ATM provider that will
charge you and offer ridiculously awful
rate
just use your credit card Visa and
MasterCard are the most widely
recognized credit cards in Budapest and
with very few exceptions they basically
accepted everywhere so just try to use
your credit card from home as much as
you can hopefully I was able to give you
some tips into how to changing your own
money into our Hungarian forint or how
to use your own credit card maybe to
spend money as you wish
just enjoy your stay in Budapest
