Budgeting and Currency Exchange

Make the Most of Your Trip to Budapest With Smart Budgeting and Understanding the Local Currency

Budapest, known as the “Pearl of the Danube,” is one of the most affordable cities in Europe for travelers, providing high value for every penny spent. From inexpensive local food to the relatively low sightseeing cost, Budapest caters to both budget and luxury travelers. Here are some tips to help you budget your trip and navigate the currency exchange in Budapest.

Budgeting for Budapest:

  1. Accommodation: Budapest offers a wide range of accommodations to suit every budget. Hostels can cost around 2,000-6,000 HUF per night, while budget hotels may range from 8,000-15,000 HUF. Luxury hotels or boutique apartments can go up to 40,000 HUF and beyond.
  2. Food: You can enjoy a meal at an affordable restaurant for around 2,000 HUF. Local markets offer fresh produce at reasonable prices for those who prefer self-catering.
  3. Transportation: Budapest’s public transportation system is efficient and inexpensive. A single bus, tram, or metro ticket costs about 350 HUF.
  4. Sightseeing: Many of Budapest’s main attractions are free to explore, including walking along the Danube Promenade and visiting the Fisherman’s Bastion. Entry to museums and thermal baths can vary from 1,500-5,000 HUF.

Currency Exchange:

The official currency of Hungary is the Forint (HUF). Having some local currency for small expenses like food, public transportation tickets, and entry to some tourist attractions is always handy.

  1. ATMs: Withdrawing money from ATMs is one of the easiest ways to obtain local currency. Ensure your bank card is set up for international withdrawals.
  2. Currency Exchange Offices: These are available at the airport and train stations in the city. However, be aware of the exchange rates and commissions.
  3. Credit Cards: Major credit cards are widely accepted in Budapest, especially in hotels, restaurants, and shops.

It’s advisable to inform your bank about travel plans to avoid unexpected account blocks. Always monitor exchange rates and transaction fees to ensure you get the best deal.