EUR/HUF explained

• EUR
• HUF

What EUR/HUF is

EUR/HUF (also written EURHUF) is the price of the euro in Hungarian forint. The euro is the base currency and the forint is the quote currency. The price shows how many forint one euro buys.

• If EUR/HUF rises, the euro has strengthened against the forint, or the forint has weakened.
• If EUR/HUF falls, the forint has strengthened against the euro.

Brokers usually class EUR/HUF as an exotic pair. It pairs a major currency with the currency of a smaller economy. For the difference between majors, minors and exotics, see Majors, minors, exotics. The related dollar pair is covered on USD/HUF.

How to read the quote

A quote has two prices:

• Bid: the price at which you can sell the euro.
• Ask: the price at which you can buy the euro.

The gap between them is the spread, which is your cost of entry. Because the forint has a low value per unit, EUR/HUF prices are large numbers with fewer decimal places than pairs like EUR/USD. Check the number of digits shown in your platform.

Pip size and pip value per lot

A pip is the standard unit of price movement for a pair. For forint pairs, the pip sits at a different decimal place than on most majors. Confirm the pip size and digits in the instrument specification in MetaTrader or the Exness terminal before you calculate anything.

Pip value is how much one pip is worth for a given position size:

• Pip value in forint = pip size × contract size × number of lots.
• To get the value in your account currency, convert that forint amount at the current HUF exchange rate. For a USD account, this means using the USD/HUF rate.

A standard lot in forex is a fixed amount of the base currency, here euro. The pip value also changes as the forint rate changes, so recalculate it rather than reusing an old figure. The calculator below does this for any lot size.

What tends to move EUR/HUF

Euro side

• ECB policy: interest rate decisions and guidance from the European Central Bank.
• Euro-area inflation and PMIs: Purchasing Managers' Index surveys are early readings of business activity.
• German data: Hungary's industry, especially car production, is closely tied to German demand. Weak German figures can affect both currencies at once.
• Energy prices: Europe and Hungary both import much of their energy. Price spikes can weigh on the forint in particular.

Forint side

• MNB policy: decisions of the Magyar Nemzeti Bank (Hungary's central bank) on its base rate. Rate decisions and surprise moves can cause sharp swings.
• Hungarian inflation: it shapes expectations for MNB policy.
• EU funds: news on the release or freezing of European Union funds for Hungary affects confidence in the forint.
• Politics: elections, disputes between Budapest and Brussels, and fiscal news.
• Global risk mood: in risk-off periods, investors often sell emerging-market currencies, the forint included.

For how to work with this kind of information, see Fundamental analysis.

Liquidity by session and spread behaviour

Both currencies are European, so EUR/HUF is most liquid during European trading hours, when banks in the euro area and Budapest are active.

• European session: the most activity and usually the tightest spreads for this pair.
• US session: activity continues while Europe is open, then thins out.
• Asian session and the daily rollover: liquidity is low, and spreads can widen a lot.
• News releases: around MNB and ECB decisions, spreads can widen and prices can jump past stop levels (this is called slippage).
• Weekends: the market is closed. If major news comes out, Monday can open far from Friday's close. This is a gap, and stops do not protect you at the stop price inside a gap.

Exotic pairs generally have wider spreads and higher swaps than majors. A swap is the overnight financing charge or credit for holding a position past the daily rollover.

EUR/HUF at Exness: what to check

We have no sourced Exness specification for EUR/HUF. Before you rely on any detail, check in the platform whether the pair is listed for your account type. If it is, also check its contract size, digits, spread, swap and trading hours.

Exness conditions that apply in general:

• Minimum lot size is 0.01 lot on most instruments, but some instruments differ. Check the pair itself.
• Maximum lot size is 200 lots (7:00–20:59 GMT+0), 60 lots (21:00–6:59 GMT+0).
• Spreads by account: Standard from 0.2 pips, Pro from 0.1 pips, Raw Spread from 0 pips with commission up to 3.50 USD each side per lot, Zero from 0 pips with commission from 0.05 USD each side per lot. These are "from" figures for the whole account, not for EUR/HUF.
• Clients registered from Islamic countries, Pakistan included, are assigned swap-free status automatically. Check the current status in your Personal Area and read Swap fees.

For account differences, see Account types.

Margin and leverage

Margin is the amount your broker holds to keep a position open. Leverage sets how large a position that margin controls.

Exness applies higher margin requirements from 15 minutes before to 90 seconds after high-impact news. For forex during these periods, the margin requirement is 1:200 (0.5%).

Unlimited leverage covers a specific list of instruments. Do not assume EUR/HUF is on it. Check the leverage shown for the pair in your platform.

Leveraged trading on exotic pairs can lose money fast. A gap or a central bank surprise can move the price further than your margin allows. See Risk management.

Legal position in Pakistan

Read this before opening any offshore account:

• On remittances, per the SBP, remitting foreign exchange to overseas forex/margin/CFD platforms is not allowed through any payment channel (FERA s.5(1)).
• Also, per the SBP, the purchase of offshore forex/margin/CFD products by Pakistani residents violates section 4(1) of FERA 1947.
• On investor protection, per the SECP, offshore platforms have no Pakistani licence or oversight and offer no legal protection or recourse.

For details, see Law and regulators.

Frequent questions

What does the EUR/HUF price mean?

It is the number of Hungarian forint needed to buy one euro.

Is EUR/HUF a major pair?

No. It is usually treated as an exotic pair, with wider spreads and higher swaps than majors.

Is EUR/HUF available on Exness?

We have no sourced confirmation. Check the instrument list in your platform or Personal Area.

What moves the forint most?

MNB rate decisions, Hungarian inflation, EU funds news, politics and the global risk mood.

When are spreads tightest?

Usually during European trading hours. Spreads tend to widen in the Asian session, around the rollover and around major news.

How do I find the pip value?

Use the pip calculator above with your lot size and account currency. Confirm the pip size in the platform specification first.