NGN to HUF - Convert Nigerian Naira to Hungarian Forint

Convert NGN to HUF using our currency converter with real exchange rate today

1 NGN = 0.242 HUF

1 HUF = 4.132 NGN

(Mid-market exchange rate)

Last updated May 18, 2024 10:15 GMT

NGN to HUF conversion chart

Below is the live and historical Nigerian Naira to Hungarian Forint rate chart so you can see today's rate - and how the rates have changed over time.

1 NGN = 0.242 HUF

1,000 Nigerian Naira to Hungarian Forint stats | NGN to HUF

Stat Last 7 days Last 30 days Last 90 days Last year Selected period on chart
High 0.253 0.344 0.324 0.759 0.344
Low 0.232 0.232 0.223 0.223 0.232
Average 0.239 0.273 0.26 0.414 0.273
Volatility 9.05% 48.28% 45.29% 240.36% 48.28%

What is the Nigerian Naira worth against the Hungarian Forint today?

1 NGN is worth 0.242 HUF today

How much is 1,000 NGN worth in HUF?

At the current exchange rate of 0.242 , a sum of 1,000 Nigerian Naira is worth 242 Hungarian Forint.

Which currency is stronger? NGN or HUF?

The Hungarian Forint is currently stronger than the Nigerian Naira given that 1 HUF is equal to 4.132 NGN. Conversely, 1 NGN is worth 0.242 HUF.

Overview of NGN to HUF Performance and Trends

Today, to buy 1,000 Nigerian Naira, you need 242 Hungarian Forint. On the same date last year, you needed 751 Hungarian Forint for 1,000 Nigerian Naira. This change indicates that the Nigerian Naira has lost value against the Hungarian Forint by 68.18% over the past year.

The pair experienced high volatility of 240.36%.

High volatility means there is a higher risk of significant price changes. It is better to closely monitor the exchange rate in such situations.

NGN to HUF Currency Performance and Volatility

Last 7 Days

  • Performance: ₦1,000 varied between Ft0.232 (weekly low) and Ft0.253 (weekly high), a variance of Ft0.021 .
  • Volatility: Fluctuated by 9.05%.

Last 30 Days

  • Performance: ₦1,000 varied between Ft0.232 (30-day low) to Ft0.344 (30-day high), a variance of Ft0.112 .
  • Volatility: Fluctuated by 48.28%.

Last 90 Days

  • Performance: ₦1,000 varied between Ft0.223 (90-day low) to Ft0.324 (90-day high), a variance of Ft0.101 .
  • Volatility: Fluctuated by 45.29%.

Last Year

  • Performance: ₦1,000 ranged from Ft0.223 (yearly low) to Ft0.759 (yearly high), a variance of Ft0.536 .
  • Volatility: Fluctuated by 240.36%.

NGN to HUF Forecast and trending

Is the Nigerian Naira going up or down against the Hungarian Forint?

Today's NGN to HUF exchange rate (0.242) is higher compared to yesterday's rate (0.234).

Currency information

NGN - Nigerian Naira

The currency code for Nigerian Naira is NGN.

The NGN currency symbol is ₦.

Minor unit: 1/100 = Kobo

NGN rank by most traded currencies: Not in top 40 traded currencies

Avg proportion of daily world trade volume: 0% (Low daily trade currency)

NGN rank by strongest currencies (buying power): 121

The Nigerian Naira is the currency of 1 countries:
Nigeria

More Nigerian Naira (NGN) information >

HUF - Hungarian Forint

The currency code for Hungarian Forint is HUF.

The HUF currency symbol is Ft.

Minor unit: 1/100 = Fillér

HUF rank by most traded currencies: 28

Avg proportion of daily world trade volume: 0.15%

HUF rank by strongest currencies (buying power): 112

The Hungarian Forint is the currency of 1 countries:
Hungary

More Hungarian Forint (HUF) information >

Understanding NGN to HUF Currency Exchange: Our Top Tips

Let's look at some practical information, ideas and tips to help you make sure you can get the most from your money when you convert Nigerian Naira to Hungarian Forint, to send a payment, for a trip overseas, when shopping online or to hold a balance in Hungarian Forint.

How to convert NGN to HUF?

You can convert Nigerian Naira to Hungarian Forint either in a physical location or online. If you choose to exchange money at a currency exchange store, bank or at the airport, you'll be given your Hungarian Forint in cash. Or, you can choose to convert digitally, to send a payment overseas for example.

If you're exchanging money in a physical location you'll usually need to take the following steps:

  • Choose an exchange service that suits your needs
  • Head there with the money in Nigerian Naira cash to exchange
  • Get a quote for the exchange rate and any commission or fee you need to pay
  • Hand over your money and receive your Hungarian Forint in cash

Exchanging your money digitally is often easier. As an example, here's how to send a payment overseas:

  • Choose an international payment service that suits your needs and head to their desktop site, or download their app
  • Tap Send Payment
  • Enter the amount in Nigerian Naira you want to send, or the amount in Hungarian Forint you want your recipient to get in the end
  • You'll be shown a quote for the exchange rate and any commission or fee you need to pay
  • Choose your preferred payment method, and follow the prompts to pay
  • Your money will be deposited to your recipient's bank account directly, in Hungarian Forint

How to get the best NGN to HUF exchange rate?

Because banks, currency exchange offices and international payment services all set their own exchange rates, you'll need to shop around a little to find the best NGN to HUF exchange rate for your specific transaction.

Get to know the NGN/HUF mid-market exchange rate using reputable currency conversion tools, so you'll be able to see how the market is trending. You can often set up rate alerts so the service you choose will send you a message when the NGN/HUF mid-market exchange rate hits your preferred level. Once you see a rate you like, act fast to complete your transaction before markets move again.

Another smart option is to open a multi-currency account which lets you hold a selection of major world currencies, often including Nigerian Naira and Hungarian Forint. This can be helpful if you transact internationally often, live overseas, receive payments from abroad, invest in diverse markets or even if you simply love to shop online with international retailers. Because you can hold a balance in the currency or currencies of your choice, there's no need to convert from one currency to another unnecessarily - you can wait until exchange rates are favorable to avoid losing out.

How to buy Nigerian Naira with Hungarian Forint?

You'll be able to exchange Hungarian Forint to Nigerian Naira in the same way as you'd exchange Nigerian Naira to Hungarian Forint. If you have Hungarian Forint in your pocket in cash, you can take them along to a currency exchange service and ask if they'll buy back in exchange for Hungarian Forint. Be aware that the exchange rate might not be great - so coming back from a trip with as little foreign cash as possible is a smart plan.

On the other hand, if you hold Nigerian Naira in a bank or specialist provider account, you'll be able to take advantage of online currency exchange services which can often offer fast, efficient and good value conversion which uses a better rate than a bank would.

Where to exchange NGN to HUF?

You can exchange currencies in person at a currency exchange store, bank or airport, or use an online service instead. It's helpful to know that in person currency exchange options can offer a pretty poor deal overall, as exchange rates commonly include a markup - an extra fee. If you're exchanging somewhere with little local competition - like at an airport or hotel, for example - the chances are that the rate you get will be even worse.

A good alternative is to open a multi-currency account which lets you hold and exchange currencies digitally - and if you pick an account which also offers a linked debit card, you can make ATM withdrawals at home and abroad whenever you need cash. Digital specialist services can often offer a better exchange rate with lower overall costs compared to using your bank or exchanging cash in person - plus they're intuitive to use and let you manage your money with just your phone.

Frequently asked questions when converting Nigerian Naira to Hungarian Forint (NGN to HUF)

How much is the Nigerian Naira to Hungarian Forint?

The Nigerian Naira to Hungarian Forint exchange rate today is 0.242 . Use this guide to learn more about exchanging NGN to HUF in the easiest and best value way for your specific needs.

How much is 1,000 Nigerian Naira to the Hungarian Forint?

The NGN to HUF rate today is 0.242 . That means that 1,000 Nigerian Naira would be worth 242 Hungarian Forint.

How to exchange Nigerian Naira to Hungarian Forint?

Exchange NGN to HUF in person at a bank, currency exchange store or airport - or for a better exchange rate and to avoid standing in line in a physical store, use a digital service. Online currency exchange services are safe, intuitive and easy to use, to send payments internationally, or hold and exchange multiple currencies including NGN to HUF.

How to send money to Hungary?

If you want to send money from Nigeria - or anywhere else in the world - to Hungary, you'll be able to do so through your bank or an online specialist service like Wise. Specialist international money transfer services can often offer better exchange rates and lower overall costs for payments to Hungary - plus, you'll be able to get everything arranged with just your laptop or phone.

What is the Mid-Market Rate?

The mid-market exchange rate is the rate that banks and currency exchange services get when they buy and sell currencies like Hungarian Forint and Nigerian Naira on wholesale markets. It's an important benchmark you can use to measure whether the exchange rate you're offered by a bank or exchange service is fair.

Usually banks and exchange services add a percentage margin - known as a markup - to the exchange rate they get themselves. But this markup can vary a lot, and in some cases pushes up the cost of currency exchange significantly. Learning about the mid-market rate and monitoring it can mean you get a better deal when you exchange currencies.

Get the live Nigerian Naira to Hungarian Forint exchange rate with our handy tools, to help you compare your options.

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