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base info Merlin Chain

Merlin Chain to Hungarian Forint Converter and calculator

Convert 1Merlin Chain (MERL) to Hungarian Forint (HUF) equals Ft 230.46 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Merlin Chain(MERL) to Hungarian Forint(HUF). This is the real-time data. The current conversion shows 1 MERL at a value of 1 MERL for 230.46 HUF . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

HUF information

About the Hungarian Forint (HUF)

What Is the Hungarian Forint (HUF)?

The Hungarian Forint (HUF), symbolized as Ft, is the national currency of Hungary. It was introduced in 1946 to stabilize the Hungarian economy after World War II, replacing the pengő which had suffered from extreme hyperinflation. The Hungarian Forint is the sole legal tender in Hungary.

The Hungarian Forint is issued and managed by the Hungarian National Bank, known in Hungarian as Magyar Nemzeti Bank. This central bank of Hungary is responsible for maintaining the stability of the national currency, controlling its circulation, and implementing monetary policy in alignment with the country's economic objectives. The Hungarian National Bank plays a crucial role in the financial system of Hungary, including the issuance of banknotes and coins in various denominations of the Forint.

What Is the History of HUF?

The Forint’s name originates from the city of Florence, where gold coins, known as fiorino d'oro, were minted from 1252. Hungary adopted a similar gold-based currency, the Florentinus, under Charles Robert in 1325. The forint was also the currency of the Austro-Hungarian Empire between 1868 and 1892. The modern Forint was reintroduced on August 1, 1946, replacing the pengő, which had suffered from severe hyperinflation post-World War II.

Notes and Coins of HUF

Hungarian banknotes are issued in denominations of 500, 1000, 2000, 5000, 10,000, and 20,000 forints, each featuring prominent Hungarian historical figures and landmarks. Coins come in 5, 10, 20, 50, 100, and 200 forint denominations. The Forint was initially subdivided into 100 fillér, but these coins were phased out due to inflation.

Economic Stability and Exchange Rates

The economic stability of the Hungarian Forint (HUF) has been a journey of significant transformation, especially since the fall of communism and Hungary's transition to a market economy. In the early 1990s, this shift brought about considerable inflation, peaking at 35% in 1991. However, the subsequent years saw a stabilization effort, with inflation dropping to single digits between 2001 and 2022. This period of relative stability was disrupted in February 2023 when inflation climbed to 25.80%, influenced by global economic factors such as the war in Ukraine and broader economic uncertainties. Despite these challenges, the Forint has maintained its status as a fully convertible currency, crucial for Hungary's trade and economic relations.

The exchange rate of the Hungarian Forint has seen fluctuations reflective of both domestic economic policies and global financial trends. As Hungary is a member of the European Union but has not adopted the Euro, the Forint’s value against the Euro and other major currencies like the U.S. dollar is a critical economic indicator

Why Doesn’t Hungary Use the Euro?

Hungary has not adopted the Euro for several reasons, despite initial plans to do so. Initially, Hungary aimed to replace the Hungarian Forint with the Euro around 2007 or 2008, later targeting January 1, 2010. However, these plans were abandoned due to high budget deficits, inflation, and public debt, preventing Hungary from meeting the Maastricht criteria. The global financial crisis of 2008 further complicated matters, despite aid from the IMF, EU, and World Bank. The Fidesz government, elected in 2010, has shown a soft Eurosceptic stance, maintaining the Forint and postponing discussions about adopting the Euro. Prime Minister Viktor Orbán stated that Euro adoption would not be considered until Hungary's public debt reached a 50% threshold, a significant reduction from its level in 2011.

Additionally, broader reasons why some EU countries, including Hungary, choose not to adopt the Euro involve maintaining financial independence. This independence allows for control over key issues like setting monetary policy, handling national debt, modulating inflation, and the ability to devalue the currency in certain circumstances. The European Central Bank sets economic and monetary policies for all Eurozone nations, which means individual states lack the independence to craft policies tailored to their own conditions. This lack of economic independence and the desire to maintain control over national financial policies contribute to Hungary's decision to retain the Forint instead of adopting the Euro.

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Bitget crypto-to-fiat exchange data shows that the most popular Merlin Chain currency pair is the MERL to HUF, with for Merlin Chain's currency code being MERL. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for HUF.

MERL to HUF conversion rate trend

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In the past 1D, Merlin Chain has changed +9.79% to HUF. Based on the trend and price charts, Merlin Chain(MERL) has changed +9.79% to HUF while Hungarian Forint(HUF) has changed % to MERL in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
Ft231.58
0.0001% / 0.0004%vip-iconVIP
OKX
Ft231.38
0.080% / 0.100%
Yes
Huobi
Ft231.49
0.1000% / 0.1000%
Yes
Gate.io
Ft231.71
0.1000% / 0.1000%
Yes
Bybit
Ft232.14
0.1000% / 0.1000%
Yes
KuCoin
Ft231.56
0.1000% / 0.1000%
Yes
Last updated 2024/06/02 15:00:26(UTC+0)

How to buy Merlin Chain

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Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
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Verify your identity by entering your personal information and uploading a valid photo ID.
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Buy Merlin Chain (MERL)
Use a variety of payment options to buy Merlin Chain on Bitget. We'll show you how.

What factors influence the conversion rate of Merlin Chain to Hungarian Forint?

Merlin Chain to Hungarian Forint is rising this week.
Merlin Chain's current market price is Ft 230.46 per MERL, with a total market cap of Ft 82,966,529,825 HUF based on a circulating supply of 360,000,000 MERL. The trading volume of Merlin Chain has changed by +15.75% (Ft 4,610,737,910.22 HUF) in the last 24 hours. Last trading day, MERL's trading volume was Ft 29,275,269,913.
Market cap
$230.95M
24h volume
$94.33M
Circulating supply
360.00M MERL

Conversion tables

The exchange rate of Merlin Chain is increasing.
1 MERL is currently valued at Ft 230.46 HUF , which means buying 5 MERL will cost Ft 1,152.31 HUF . Similarly, Ft1 HUF can be traded for 0.004339 MERL, and Ft50 HUF can be converted to 0.2170 MERL, excluding any platform or gas fees.
The exchange rate of 1 MERL to Hungarian Forint has changed by +30.82% in the last 7 days. In the last 24 hours, the rate has fluctuated by +9.79%, reaching a high of 242.97 HUF and a low of 215.26 HUF . One month ago, the value of 1 MERL was Ft 197.5 HUF , which represents a +16.64% change from its current value. Over the last year, Merlin Chain has changed by
+Ft
231.02HUF
, resulting in a change of --% in its value.

MERL to HUF

Amount
15:14 today
0.5 MERL
Ft115.23
1 MERL
Ft230.46
5 MERL
Ft1,152.31
10 MERL
Ft2,304.63
50 MERL
Ft11,523.13
100 MERL
Ft23,046.26
500 MERL
Ft115,231.29
1000 MERL
Ft230,462.59

HUF to MERL

Amount15:14 today
0.5HUF0.002170  MERL
1HUF0.004339  MERL
5HUF0.02170  MERL
10HUF0.04339  MERL
50HUF0.2170  MERL
100HUF0.4339  MERL
500HUF2.17  MERL
1000HUF4.34  MERL
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Today vs. 24 hours ago

Amount15:14 today24 hours ago24h change
0.5 MERL$0.3208$0.2921
+9.79%
1 MERL$0.6415$0.5842
+9.79%
5 MERL$3.21$2.92
+9.79%
10 MERL$6.42$5.84
+9.79%
50 MERL$32.08$29.21
+9.79%
100 MERL$64.15$58.42
+9.79%
500 MERL$320.77$292.11
+9.79%
1000 MERL$641.54$584.21
+9.79%

Today vs. 1 month ago

Amount15:14 today1 month ago1M change
0.5 MERL$0.3208$0.2749
+16.64%
1 MERL$0.6415$0.5498
+16.64%
5 MERL$3.21$2.75
+16.64%
10 MERL$6.42$5.5
+16.64%
50 MERL$32.08$27.49
+16.64%
100 MERL$64.15$54.98
+16.64%
500 MERL$320.77$274.89
+16.64%
1000 MERL$641.54$549.79
+16.64%
Buy Merlin Chain for 1 HUF
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Today vs. 1 year ago

Amount15:14 today1 year ago1Y change
0.5 MERL$0.3208$-0.0007715
--
1 MERL$0.6415$-0.001543
--
5 MERL$3.21$-0.007715
--
10 MERL$6.42$-0.01543
--
50 MERL$32.08$-0.07715
--
100 MERL$64.15$-0.1543
--
500 MERL$320.77$-0.7715
--
1000 MERL$641.54$-1.5430
--

Merlin Chain price prediction

What will the price of MERL be in 2025?

Based on MERL's historical price performance prediction model, the price of MERL is projected to reach -- in 2025.

What will the price of MERL be in 2030?

In 2030, the MERL price is expected to rise by -12.00%. By the end of 2030, the MERL price is projected to reach --, with a cumulative ROI of 0.00%.
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Buy Merlin Chain for 1 HUF
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FAQ

What is a cryptocurrency calculator?
A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.
How does a cryptocurrency calculator work?
A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Merlin Chain and HUF.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Merlin Chain and HUF. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.
Can I trust the results of a cryptocurrency calculator?
While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.
Can I use a cryptocurrency calculator for tax purposes?
Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.
Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?
If you want to know the value of Merlin Chain in HUF, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.

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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.