Ft

Value of 2023 Hungarian Forint today

Ft100 in 2023
Ft101.32 in 2024

The inflation rate in Hungary between 2023 and today has been 1.32%, which translates into a total increase of Ft1.32. This means that 100 forints in 2023 are equivalent to 101.32 forints in 2024. In other words, the purchasing power of Ft100 in 2023 equals Ft101.32 today. The average annual inflation rate between these periods has been 1.32%.

Inflation timeline in Hungary (2023 - 2024)

The following chart depicts the equivalence of Ft100 due to compound inflation and CPI changes. All values are equivalent in terms of purchasing power, which means that for each year the same goods or services could be bought with the indicated amount of money.

All calculations are performed in the local currency (HUF) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability. Inflation data is provided by governments and international institutions on a monthly basis. Today's values were extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 2023-today 1.32%
CPI 2023 159.22
CPI 2023-12 (latest official data) 160.4
CPI today 161.32

How to calculate today's value of money after inflation?

There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the Consumer Price Index (CPI) formula or the compound interest formula.

Using the CPI formula

When we have both the start and end years, we can use the following formula:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 2023 and 2023, use the corresponding CPI values:

Value2023
=Value2023 ×
CPI2023/CPI2023
=Ft 100 ×
159.22/159.22
Ft100

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 161.32:

Valuetoday
=Value2023 ×
CPItoday/CPI2023
=Ft 100 ×
161.32/159.22
Ft101.32

Alternative: Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: FV = PV × (1 + i)n, where:

  • FV: Future Value
  • PV: Present Value
  • i: Interest rate (inflation)
  • n: Number of times the interest is compounded (i.e. # of years)

In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much are Ft100 worth today. There are 0 years between 2023 and 2023 and the average inflation rate was 0%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=Ft100 × (1 + 0)0
Ft100

Hungary inflation - Conversion table

Initial Value Equivalent value
Ft1 forint in 2023 Ft1 forints in 2023
Ft5 forints in 2023 Ft5 forints in 2023
Ft10 forints in 2023 Ft10 forints in 2023
Ft50 forints in 2023 Ft50 forints in 2023
Ft100 forints in 2023 Ft100 forints in 2023
Ft500 forints in 2023 Ft500 forints in 2023
Ft1,000 forints in 2023 Ft1,000 forints in 2023
Ft5,000 forints in 2023 Ft5,000 forints in 2023
Ft10,000 forints in 2023 Ft10,000 forints in 2023
Ft50,000 forints in 2023 Ft50,000 forints in 2023
Ft100,000 forints in 2023 Ft100,000 forints in 2023
Ft500,000 forints in 2023 Ft500,000 forints in 2023
Ft1,000,000 forints in 2023 Ft1,000,000 forints in 2023
Cumulative inflation From 2023 1.32%
Avg. annual inflation From 2023 1.32%
CPI 2023 159.22
CPI today 161.32

Value of Forint over time (by year)

Period Value
2023 100
2023-12 100.74
Today 101.32

All available years

Today's value of hungarian forint by year:

1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |

Other currencies: