I have been reading some business and economy related websites recently. At the same time Hungary is having a big budget deficit. Therefore the government is about to raise some taxes and introduce new ones. As a result of these HUF has lost its value and the mid rate for EUR is almost 280 now. This is a big change because the HUF-EUR rate used to be around 250:1.

How does this affect me personally? I believe that the basic everyday costs wont change soon but all import products will most likely receive some changes to their prices. Luckily I do not have urgent need to change money to euros because I still have finnish euro account with enough balance.

But for tourists this is good news. Hungary just suddenly became over 10% cheaper for traveller coming from outside Hungary. Anyways, these currency rates tend to change and most likely HUF will gain some of its value back after a while. But because it helps tourism and hungarian export industry it might take longer than just a week or two.