Converting from Romanian New Leu (RON) to Hungarian Forint (HUF)

What is Romanian New Leu (RON)

The Romanian New Leu (RON) is the official currency of Romania. It was introduced in 2005 when Romania restructured its older currency, the Romanian Leu, by removing four zeros from its value. The name "Leu" means "lion" in Romanian, symbolizing strength and courage.

One RON is subdivided into 100 bani, which is the cent unit used in Romania. The currency code for the Romanian New Leu is RON, and it is represented by the symbol "lei." The Central Bank of Romania, known as Banca Națională a României (BNR), is responsible for monetary policy and the issuance of currency in the country.

Romania's economy has shown significant growth in recent years, being part of the European Union since 2007, yet it has not adopted the euro as its currency. RON is used in everyday transactions, and you can find it on various banknotes and coins. Banknotes come in denominations of 1, 5, 10, 50, 100, 200, and 500 lei, while coins generally range from 1 to 50 bani.

What is Hungarian Forint (HUF)

The Hungarian Forint (HUF) is the currency of Hungary and has been in use since 1946. The name "Forint" originates from the Italian city of Florence, where gold coins called "florins" were minted. The currency code for the Forint is HUF, with the symbol "Ft."

Similar to the RON, the Forint is divided into 100 fillér, though the fillér coins are no longer in circulation. The National Bank of Hungary (Magyar Nemzeti Bank) is the authority responsible for issuing the Forint and managing its monetary policy.

The Hungarian economy is characterized by its diverse sectors, including manufacturing, agriculture, and services. Although Hungary is a European Union member, it has opted to retain its national currency rather than adopting the euro. The Forint plays a crucial role in daily transactions, and you will find various banknotes and coins in circulation. Banknotes are available in denominations of 500, 1,000, 2,000, 5,000, 10,000, 20,000, and 50,000 forints.

Currency Conversion

Converting from RON to HUF requires keeping track of the current exchange rates, which can fluctuate due to market conditions. To convert an amount in Romanian New Leu to Hungarian Forint, use the conversion formula:

Amount in HUF = Amount in RON × ❰ (Exchange Rate (HUF/RON)/1) ❱

If you want to convert RON to HUF, it is essential to check reliable financial sources or banks for the latest exchange rates. Understanding both currencies can enhance your travel experience or business dealings in Romania and Hungary.