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Solar to Hungarian Forint Converter and calculator

Convert 1Solar (SXP) to Hungarian Forint (HUF) equals Ft 122.54 | 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 Solar(SXP) to Hungarian Forint(HUF). This is the real-time data. The current conversion shows 1 SXP at a value of 1 SXP for 122.54 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 Solar currency pair is the SXP to HUF, with for Solar's currency code being SXP. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for HUF.

SXP to HUF conversion rate trend

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In the past 1D, Solar has changed +0.55% to HUF. Based on the trend and price charts, Solar(SXP) has changed +0.55% to HUF while Hungarian Forint(HUF) has changed % to SXP in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
Ft123.58
0.0001% / 0.0004%vip-iconVIP
Binance
Ft123.29
0.1000% / 0.1000%
Yes
Huobi
Ft123.25
0.1000% / 0.1000%
Yes
Gate.io
Ft123.33
0.1000% / 0.1000%
Yes
KuCoin
Ft123.15
0.1000% / 0.1000%
Yes
Last updated 2024/06/02 16:00:21(UTC+0)

How to buy Solar

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Use a variety of payment options to buy Solar on Bitget. We'll show you how.

What factors influence the conversion rate of Solar to Hungarian Forint?

Solar to Hungarian Forint is falling this week.
Solar's current market price is Ft 122.54 per SXP, with a total market cap of Ft 74,240,240,357.27 HUF based on a circulating supply of 605,832,400 SXP. The trading volume of Solar has changed by +35.55% (Ft 572,738,159.57 HUF) in the last 24 hours. Last trading day, SXP's trading volume was Ft 1,611,123,124.63.
Market cap
$206.66M
24h volume
$6.08M
Circulating supply
605.83M SXP

Conversion tables

The exchange rate of Solar is decreasing.
1 SXP is currently valued at Ft 122.54 HUF , which means buying 5 SXP will cost Ft 612.71 HUF . Similarly, Ft1 HUF can be traded for 0.008160 SXP, and Ft50 HUF can be converted to 0.4080 SXP, excluding any platform or gas fees.
The exchange rate of 1 SXP to Hungarian Forint has changed by -3.96% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.55%, reaching a high of 124.09 HUF and a low of 121.21 HUF . One month ago, the value of 1 SXP was Ft 123.34 HUF , which represents a -0.65% change from its current value. Over the last year, Solar has changed by
-Ft
45.32HUF
, resulting in a change of -27.00% in its value.

SXP to HUF

Amount
16:33 today
0.5 SXP
Ft61.27
1 SXP
Ft122.54
5 SXP
Ft612.71
10 SXP
Ft1,225.43
50 SXP
Ft6,127.13
100 SXP
Ft12,254.26
500 SXP
Ft61,271.28
1000 SXP
Ft122,542.55

HUF to SXP

Amount16:33 today
0.5HUF0.004080  SXP
1HUF0.008160  SXP
5HUF0.04080  SXP
10HUF0.08160  SXP
50HUF0.4080  SXP
100HUF0.8160  SXP
500HUF4.08  SXP
1000HUF8.16  SXP
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Today vs. 24 hours ago

Amount16:33 today24 hours ago24h change
0.5 SXP$0.1706$0.1696
+0.55%
1 SXP$0.3411$0.3393
+0.55%
5 SXP$1.71$1.7
+0.55%
10 SXP$3.41$3.39
+0.55%
50 SXP$17.06$16.96
+0.55%
100 SXP$34.11$33.93
+0.55%
500 SXP$170.56$169.63
+0.55%
1000 SXP$341.12$339.26
+0.55%

Today vs. 1 month ago

Amount16:33 today1 month ago1M change
0.5 SXP$0.1706$0.1717
-0.65%
1 SXP$0.3411$0.3433
-0.65%
5 SXP$1.71$1.72
-0.65%
10 SXP$3.41$3.43
-0.65%
50 SXP$17.06$17.17
-0.65%
100 SXP$34.11$34.33
-0.65%
500 SXP$170.56$171.67
-0.65%
1000 SXP$341.12$343.34
-0.65%
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Today vs. 1 year ago

Amount16:33 today1 year ago1Y change
0.5 SXP$0.1706$0.2336
-27.00%
1 SXP$0.3411$0.4673
-27.00%
5 SXP$1.71$2.34
-27.00%
10 SXP$3.41$4.67
-27.00%
50 SXP$17.06$23.36
-27.00%
100 SXP$34.11$46.73
-27.00%
500 SXP$170.56$233.64
-27.00%
1000 SXP$341.12$467.28
-27.00%

Solar price prediction

What will the price of SXP be in 2025?

Based on SXP's historical price performance prediction model, the price of SXP is projected to reach $0.5276 in 2025.

What will the price of SXP be in 2030?

In 2030, the SXP price is expected to rise by -19.00%. By the end of 2030, the SXP price is projected to reach $0.5136, with a cumulative ROI of +50.57%.
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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 Solar 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 Solar 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 Solar 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.