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R1 to HUF Converter and calculator

R1/HUF: 1 R1 = 1,047.68 HUF. The price of converting 1 Ratio1 (R1) to Hungarian Forint (HUF) is 1,047.68 HUF today.
R1
R1
HUF
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides R1 to HUF real-time exchange rates, making it easy to convert Ratio1 (R1) to Hungarian Forint (HUF). The conversion result is based on real-time data. The conversion result shows that 1 R1 is currently valued at 1,047.68 HUF. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 R1 is currently valued at 1,047.68 HUF, which means buying 5 R1 would cost 5,238.38 HUF. Similarly, Ft1 HUF can be converted to 0.0009545 R1, and Ft50 HUF can be converted to 0.004772 R1, excluding any platform or gas fees.

Convert R1 to HUF

Convert HUF to R1

Ratio1
Hungarian Forint
1 R1
1,047.68  HUF
Exchange 1 R1 for 1,047.68 HUF
2 R1
2,095.35  HUF
Exchange 2 R1 for 2,095.35 HUF
5 R1
5,238.38  HUF
Exchange 5 R1 for 5,238.38 HUF
10 R1
10,476.76  HUF
Exchange 10 R1 for 10,476.76 HUF
20 R1
20,953.52  HUF
Exchange 20 R1 for 20,953.52 HUF
50 R1
52,383.79  HUF
Exchange 50 R1 for 52,383.79 HUF
100 R1
104,767.59  HUF
Exchange 100 R1 for 104,767.59 HUF
200 R1
209,535.18  HUF
Exchange 200 R1 for 209,535.18 HUF
500 R1
523,837.95  HUF
Exchange 500 R1 for 523,837.95 HUF
1000 R1
1,047,675.9  HUF
Exchange 1000 R1 for 1,047,675.9 HUF
5000 R1
5,238,379.48  HUF
Exchange 5000 R1 for 5,238,379.48 HUF
10000 R1
10,476,758.96  HUF
Exchange 10000 R1 for 10,476,758.96 HUF
In the table above, you'll find a comprehensive R1 to HUF converter that shows the value of Ratio1 in Hungarian Forint across commonly used conversion amounts. The list covers conversions from 1 R1 to HUF, all the way up to 10000 R1, providing a clear view of their respective values.
Hungarian Forint
Ratio1
1 HUF
0.0009545 R1
Exchange 1 HUF for 0.0009545 R1
10 HUF
0.009545 R1
Exchange 10 HUF for 0.009545 R1
50 HUF
0.04772 R1
Exchange 50 HUF for 0.04772 R1
100 HUF
0.09545 R1
Exchange 100 HUF for 0.09545 R1
200 HUF
0.1909 R1
Exchange 200 HUF for 0.1909 R1
500 HUF
0.4772 R1
Exchange 500 HUF for 0.4772 R1
1000 HUF
0.9545 R1
Exchange 1000 HUF for 0.9545 R1
2000 HUF
1.91 R1
Exchange 2000 HUF for 1.91 R1
5000 HUF
4.77 R1
Exchange 5000 HUF for 4.77 R1
10000 HUF
9.54 R1
Exchange 10000 HUF for 9.54 R1
50000 HUF
47.72 R1
Exchange 50000 HUF for 47.72 R1
100000 HUF
95.45 R1
Exchange 100000 HUF for 95.45 R1
In the table above, you'll find a comprehensive HUF to R1 converter that shows the value of Hungarian Forint in Ratio1 across commonly used conversion amounts. The list covers conversions from 1 HUF to R1, all the way up to 100000 HUF, providing a clear view of their respective values.

R1 to HUF chart

R1/HUF: 1 R1 = 1,047.68 HUF; 2025/08/15 01:22:38
In the past 1D, Ratio1 has changed +3.45% to HUF. Based on the trend and price charts, Ratio1(R1) has changed +3.45% to HUF while Hungarian Forint(HUF) has changed % to R1 in the last 24 hours.
1D7D1M3M1YAll

R1 to HUF conversion data: Volatility and price changes of Ratio1 in HUF

The highest Ratio1 price in HUF over the past 7 days was 1,382.46 HUF while the lowest Ratio1 price in HUF over the past 7 days was 518.92 HUF. The relative change between the highs and lows in Ratio1 price in HUF over the last 7 days indicates a volatility of %. You can view additional volatility data and R1 to HUF prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hours Last 7 days Last 30 days Last 90 days
High
1,088.73 HUF
1,382.46 HUF
1,382.46 HUF
1,382.46 HUF
Low
914.42 HUF
518.92 HUF
453.66 HUF
453.66 HUF
Average
0 HUF
0 HUF
0 HUF
0 HUF
Volatility
%
%
%
%
Change
+3.45%
+90.67%
+76.48%
+74.16%

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Ratio1 information

R1 to HUF market statistics

R1/HUF:
Ft1,047.68
R1 24h volume:
Ft207,452,515.93
R1 market cap:
--
R1 circulating supply:
0 R1

Current R1 to HUF exchange rate

Ratio1 to Hungarian Forint is rising this week.
Ratio1's current market price is Ft1,047.68 per R1, with a total market cap of Ft0 HUF based on a circulating supply of -- R1. The trading volume of Ratio1 has changed by +10.82% (Ft20,258,847.57 HUF) in the last 24 hours. Last trading day, R1's trading volume was Ft187,193,668.37.

More info about Ratio1 on Bitget

Hungarian Forint 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.

Bitget crypto-to-fiat exchange data shows that the most popular Ratio1 currency pair is the R1 to HUF, with for Ratio1's currency code being R1. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for HUF.

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How to convert R1 to HUF

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R1 to HUF Conversion tables

The exchange rate of Ratio1 is increasing.
The exchange rate of 1 R1 to Hungarian Forint has changed by +90.67% in the last 7 days. In the last 24 hours, the rate has fluctuated by +3.45%, reaching a high of 1,088.73 HUF and a low of 914.42 HUF . One month ago, the value of 1 R1 was Ft6.34 HUF , which represents a +76.48% change from its current value. Over the last year, Ratio1 has changed by
+Ft
23.42HUF
, resulting in a change of +83.43% in its value.
24 hours ago1 month ago1 year ago
Amount 01:22 am today 24 hours ago 24h change
0.5 R1
Ft523.84Ft506.47
+3.45%
1 R1
Ft1,047.68Ft1,012.95
+3.45%
5 R1
Ft5,238.38Ft5,064.75
+3.45%
10 R1
Ft10,476.76Ft10,129.5
+3.45%
50 R1
Ft52,383.79Ft50,647.49
+3.45%
100 R1
Ft104,767.59Ft101,294.98
+3.45%
500 R1
Ft523,837.95Ft506,474.89
+3.45%
1000 R1
Ft1,047,675.9Ft1,012,949.79
+3.45%

R1 to HUF FAQ

How much is 1 Ratio1 in HUF?
Right now, the price of 1 Ratio1 (R1) in Hungarian Forint (HUF) is Ft1,047.68.
How much R1 can I buy for 1 HUF?
Based on the current exchange rate, you can get 0.0009545 R1 for 1 HUF.
How do I calculate or convert R1 to HUF?
You can use our R1 to HUF calculator at the top of this page to convert any amount of R1 to HUF. We've also included quick-reference tables for the most popular conversions. For example, 5 HUF is equivalent to 0.004772 R1, while 5 R1 will cost around 5,238.38HUF.
What is the highest price of R1/HUF in history?
The all-time high price of 1 R1 in HUF is Ft1,382.46. It remains to be seen if the value of 1 R1/HUF will exceed the current all-time high.
What is the price trend of Ratio1 in HUF?
Over the past 7 days, the exchange rate of Ratio1 (R1) has gone up by 90.67%.   Over the last month, the exchange rate of Ratio1 (R1) has gone up by 76.48% against Hungarian Forint (HUF).

What factors influence the conversion rate of R1 to HUF?

There are many factors that affect the relationship between Ratio1 and Hungarian Forint, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of R1/HUF. When there is positive news in the market about the widespread adoption of R1 or major technological breakthroughs, it tends to trigger market optimism and drive the rise of R1/HUF. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in R1/HUF.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of R1/HUF. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Ratio1 and adjust their investment strategies accordingly in the evolving market.

Popular exchange rates — Crypto-to-Fiat converter

Bitget crypto-to-fiat exchange data shows the popular Ratio1 currency pairs: R1 to US Dollar (USD), R1 to Euro (EUR), R1 to Pound Sterling (GBP), R1 to Canadian Dollar (CAD), R1 to Indian Rupee (INR), R1 to Pakistani Rupee (PKR), R1 to Brazilian Real (BRL), R1 to…
The price of Ratio1 in the US is $3.09 USD. Additionally, Ratio1’s price is €2.65 EUR in the eurozone, £2.28 GBP in the UK, C$4.26 CAD in Canada, ₹270.77 INR in India, ₨874.41 PKR in Pakistan, R$16.71 BRL in Brazil, and more.
The most popular Ratio1 currency pair is the R1 to Hungarian Forint(HUF). The price of 1 Ratio1 (R1) in Hungarian Forint (HUF) is Ft1,047.68.

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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.