Sending money to Hungary is as easy as anywhere else in the world and there are a plethora of excellent options available to you. No matter what you’re looking for in an international money transfer companies, you will find it if Hungary is the destination.
The current exchange rate for the Hungarian Forint (HUF) is 314.820496 HUF per American Dollar (USD) as of the time this was written. The HUF reached a high of 314.8205 HUF per USD and a low of 310.8402 HUF per USD during the last 90 days. The 90-day average exchange rate for the HUF was 312.6575 HUF per USD.
The HUF had an average volatility rate of 0.45% against the USD for the last 90 days. This is a moderately high volatility rate, and the HUF has been relatively stable over the course of the last year. Going forward, you can reasonably expect moderate fluctuations to continue, barring any unforeseen circumstances.
The fastest way to send money to Hungary is through Ria Money Transfer’s fast option. With Ria Money Transfer’s fast option, your money will reach its Hungarian destination in a matter of minutes. The fast option is also quite affordable, as it costs less than most of their slower competition.
If you need to resort to a more affordable option down the line, using Ria Money Transfer’s slow option will be easy once you have an account with the company which you know how to use.
The cheapest way to send money to Hungary is through OFX. OFX charges its customers on a sliding scale, where the more money you send, the less money you pay to them in fees. OFX doesn’t charge any upfront fees, but they charge a small percentage on each transaction. If you need to send more than USD $1000 to Hungary, you will get the best rates by far with OFX. The company recently lowered its minimum transaction size requirements, as well.
It should be noted that OFX does carry a minimum transaction size requirement that is much higher than the competition’s. If this requirement is not agreeable to you, you can use TransferWise. TransferWise offers highly competitive rates for their service, while their minimum transfer size requirements are almost non-existent.
The easiest way to send money to Hungary is through TransferWise. TransferWise is a peer-to-peer money transfer system that keeps the process exceptionally simple. All you need to do is tap in an amount of money to be sent and a destination. After that, you just need to pay TransferWise for the transaction, and your money will be on its way to Hungary. TransferWise also only takes a day or two to complete a transaction, making it a very well-rounded option given its cost.
The overall best way to send money to Hungary is through OFX. Given their recent reductions to minimum transfer amounts, OFX provides the best option when it comes to sending money to Hungary. Their rates are unbeatable, while their transfer times and their intuitive platform makes them highly competitive in those areas. In the end, OFX simply provides a better complete package than the rest of the competition.
Jonathan is the founder and editor of MoneyTransfers.com. Jonathan is highly experienced in the currency transfer market, having previously worked in the FX trading industry, alongside being an avid traveller. Using his knowledge he identified a need for transparency and further education to help people save money on their money transfers, leading to the creation of MoneyTransfers.com