Hungary - Official exchange rate (LCU per US$, period average)

The value for Official exchange rate (LCU per US$, period average) in Hungary was 303.14 as of 2021. As the graph below shows, over the past 53 years this indicator reached a maximum value of 308.00 in 2020 and a minimum value of 32.53 in 1980.

Definition: Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar).

Source: International Monetary Fund, International Financial Statistics.

See also:

Year Value
1968 60.00
1969 60.00
1970 60.00
1971 59.82
1972 55.26
1973 48.97
1974 46.75
1975 43.97
1976 41.58
1977 40.96
1978 37.91
1979 35.58
1980 32.53
1981 34.31
1982 36.63
1983 42.67
1984 48.04
1985 50.12
1986 45.83
1987 46.97
1988 50.41
1989 59.07
1990 63.21
1991 74.74
1992 78.99
1993 91.93
1994 105.16
1995 125.68
1996 152.65
1997 186.79
1998 214.40
1999 237.15
2000 282.18
2001 286.49
2002 257.89
2003 224.31
2004 202.75
2005 199.58
2006 210.39
2007 183.63
2008 172.11
2009 202.34
2010 207.94
2011 201.06
2012 225.10
2013 223.70
2014 232.60
2015 279.33
2016 281.52
2017 274.43
2018 270.21
2019 290.66
2020 308.00
2021 303.14

Development Relevance: In a market-based economy, household, producer, and government choices about resource allocation are influenced by relative prices, including the real exchange rate, real wages, real interest rates, and other prices in the economy. Relative prices also largely reflect these agents' choices. Thus relative prices convey vital information about the interaction of economic agents in an economy and with the rest of the world.

Limitations and Exceptions: Official or market exchange rates are often used to convert economic statistics in local currencies to a common currency in order to make comparisons across countries. Since market rates reflect at best the relative prices of tradable goods, the volume of goods and services that a U.S. dollar buys in the United States may not correspond to what a U.S. dollar converted to another country's currency at the official exchange rate would buy in that country, particularly when nontradable goods and services account for a significant share of a country's output. An alternative exchange rate - the purchasing power parity (PPP) conversion factor - is preferred because it reflects differences in price levels for both tradable and nontradable goods and services and therefore provides a more meaningful comparison of real output.

Statistical Concept and Methodology: The exchange rate is the price of one currency in terms of another. Official exchange rates and exchange rate arrangements are established by governments. Other exchange rates recognized by governments include market rates, which are determined largely by legal market forces, and for countries with multiple exchange arrangements, principal rates, secondary rates, and tertiary rates.

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices