Currency Guide for Hungarian Universities
When planning to study in Hungary, one of the important practical details to consider is which currency you’ll need to pay university fees and other expenses. Although Hungary is a member of the European Union (EU), its official currency is the Hungarian forint (HUF or Ft). This currency is widely used for most transactions within the country. While euros may be accepted in certain shops and venues catering to tourists, change is almost always given in forints.
Understanding the Currency Exchange Landscape
In recent years, the exchange rate for 1,000 HUF has remained relatively stable against the euro, fluctuating between approximately €2.70 and €3.30. For those using US dollars, the rate has ranged from $3 to $4 for every 1,000 HUF. Although this provides some guidance, currency exchange rates can vary, so it’s wise to keep an eye on the current rates.
Currency Requirements for University Fees
Many Hungarian universities have their own policies for tuition payments, setting fees in Hungarian forint, euros, or US dollars depending on the student’s country of origin and specific university guidelines.
- Corvinus University of Budapest: Fees for EU or EEA students are listed in Hungarian forint, while students from other international backgrounds are required to pay in euros.
- University of Debrecen: This university generally prefers payments in US dollars but accepts other currencies.
- University of Pécs: Tuition fees are listed in USD.
- Budapest Metropolitan University: Fees are listed in euros, with little flexibility for other currencies.
Key Takeaway
Before making any payments, it’s essential to confirm with your chosen university which currency they require for tuition fees. While many universities will accept euros or dollars, forints may still be necessary for everyday purchases and local transactions. Each institution has its own rules, so always verify with your university to ensure smooth financial planning for your studies in Hungary.
