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Multiple Network to Hungarian Forint (MTP to HUF)

MTP to HUF Converter and calculator

MTP/HUF: 1 MTP = 0.1929 HUF. The price of converting 1 Multiple Network (MTP) to Hungarian Forint (HUF) is 0.1929 HUF today.
MTP
MTP
HUF
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides MTP to HUF real-time exchange rates, making it easy to convert Multiple Network (MTP) to Hungarian Forint (HUF). The conversion result is based on real-time data. The conversion result shows that 1 MTP is currently valued at 0.1929 HUF. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 MTP is currently valued at 0.1929 HUF, which means buying 5 MTP would cost 0.9647 HUF. Similarly, Ft1 HUF can be converted to 5.18 MTP, and Ft50 HUF can be converted to 25.91 MTP, excluding any platform or gas fees.

Convert MTP to HUF

Convert HUF to MTP

Multiple Network
Hungarian Forint
1 MTP
0.1929  HUF
Exchange 1 MTP for 0.1929 HUF
2 MTP
0.3859  HUF
Exchange 2 MTP for 0.3859 HUF
5 MTP
0.9647  HUF
Exchange 5 MTP for 0.9647 HUF
10 MTP
1.93  HUF
Exchange 10 MTP for 1.93 HUF
20 MTP
3.86  HUF
Exchange 20 MTP for 3.86 HUF
50 MTP
9.65  HUF
Exchange 50 MTP for 9.65 HUF
100 MTP
19.29  HUF
Exchange 100 MTP for 19.29 HUF
200 MTP
38.59  HUF
Exchange 200 MTP for 38.59 HUF
500 MTP
96.47  HUF
Exchange 500 MTP for 96.47 HUF
1000 MTP
192.94  HUF
Exchange 1000 MTP for 192.94 HUF
5000 MTP
964.72  HUF
Exchange 5000 MTP for 964.72 HUF
10000 MTP
1,929.44  HUF
Exchange 10000 MTP for 1,929.44 HUF
In the table above, you'll find a comprehensive MTP to HUF converter that shows the value of Multiple Network in Hungarian Forint across commonly used conversion amounts. The list covers conversions from 1 MTP to HUF, all the way up to 10000 MTP, providing a clear view of their respective values.
Hungarian Forint
Multiple Network
1 HUF
5.18 MTP
Exchange 1 HUF for 5.18 MTP
10 HUF
51.83 MTP
Exchange 10 HUF for 51.83 MTP
50 HUF
259.14 MTP
Exchange 50 HUF for 259.14 MTP
100 HUF
518.29 MTP
Exchange 100 HUF for 518.29 MTP
200 HUF
1,036.57 MTP
Exchange 200 HUF for 1,036.57 MTP
500 HUF
2,591.43 MTP
Exchange 500 HUF for 2,591.43 MTP
1000 HUF
5,182.86 MTP
Exchange 1000 HUF for 5,182.86 MTP
2000 HUF
10,365.71 MTP
Exchange 2000 HUF for 10,365.71 MTP
5000 HUF
25,914.28 MTP
Exchange 5000 HUF for 25,914.28 MTP
10000 HUF
51,828.55 MTP
Exchange 10000 HUF for 51,828.55 MTP
50000 HUF
259,142.76 MTP
Exchange 50000 HUF for 259,142.76 MTP
100000 HUF
518,285.51 MTP
Exchange 100000 HUF for 518,285.51 MTP
In the table above, you'll find a comprehensive HUF to MTP converter that shows the value of Hungarian Forint in Multiple Network across commonly used conversion amounts. The list covers conversions from 1 HUF to MTP, all the way up to 100000 HUF, providing a clear view of their respective values.

MTP to HUF chart

MTP/HUF: 1 MTP = 0.1929 HUF; 2026/01/15 22:25:03
In the past 1D, Multiple Network has changed -8.83% to HUF. Based on the trend and price charts, Multiple Network(MTP) has changed -8.83% to HUF while Hungarian Forint(HUF) has changed % to MTP in the last 24 hours.
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MTP to HUF conversion data: Volatility and price changes of Multiple Network in HUF

The highest Multiple Network price in HUF over the past 7 days was 0.2560 HUF while the lowest Multiple Network price in HUF over the past 7 days was 0.1807 HUF. The relative change between the highs and lows in Multiple Network price in HUF over the last 7 days indicates a volatility of %. You can view additional volatility data and MTP 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
0.2166 HUF
0.2560 HUF
0.2560 HUF
0.9038 HUF
Low
0.1911 HUF
0.1807 HUF
0.1592 HUF
0.1304 HUF
Average
0 HUF
0 HUF
0 HUF
0 HUF
Volatility
%
%
%
%
Change
-8.83%
+1.12%
+9.17%
-54.50%

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Multiple Network information

MTP to HUF market statistics

MTP/HUF:
Ft0.1929
MTP 24h volume:
Ft63,890,693.76
MTP market cap:
Ft169,790,589.14
MTP circulating supply:
880.00M MTP

Current MTP to HUF exchange rate

Multiple Network to Hungarian Forint is rising this week.
Multiple Network's current market price is Ft0.1929 per MTP, with a total market cap of Ft169,790,589.14 HUF based on a circulating supply of 880,000,000 MTP. The trading volume of Multiple Network has changed by -10.27% (Ft-7,313,210.61 HUF) in the last 24 hours. Last trading day, MTP's trading volume was Ft71,203,904.37.

More info about Multiple Network 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 Multiple Network currency pair is the MTP to HUF, with for Multiple Network's currency code being MTP. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for HUF.

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How to convert MTP to HUF

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MTP to HUF Conversion tables

The exchange rate of Multiple Network is increasing.
The exchange rate of 1 MTP to Hungarian Forint has changed by +1.12% in the last 7 days. In the last 24 hours, the rate has fluctuated by -8.83%, reaching a high of 0.2166 HUF and a low of 0.1911 HUF . One month ago, the value of 1 MTP was Ft0.1768 HUF , which represents a +9.17% change from its current value. Over the last year, Multiple Network has changed by
+Ft
0.1922HUF
, resulting in a change of -98.62% in its value.
24 hours ago1 month ago1 year ago
Amount 22:25 today 24 hours ago 24h change
0.5 MTP
Ft0.09647Ft0.1058
-8.83%
1 MTP
Ft0.1929Ft0.2116
-8.83%
5 MTP
Ft0.9647Ft1.06
-8.83%
10 MTP
Ft1.93Ft2.12
-8.83%
50 MTP
Ft9.65Ft10.58
-8.83%
100 MTP
Ft19.29Ft21.16
-8.83%
500 MTP
Ft96.47Ft105.78
-8.83%
1000 MTP
Ft192.94Ft211.57
-8.83%

MTP to HUF FAQ

How much is 1 Multiple Network in HUF?
Right now, the price of 1 Multiple Network (MTP) in Hungarian Forint (HUF) is Ft0.1929.
How much MTP can I buy for 1 HUF?
Based on the current exchange rate, you can get 5.18 MTP for 1 HUF.
How do I calculate or convert MTP to HUF?
You can use our MTP to HUF calculator at the top of this page to convert any amount of MTP to HUF. We've also included quick-reference tables for the most popular conversions. For example, 5 HUF is equivalent to 25.91 MTP, while 5 MTP will cost around 0.9647HUF.
What is the highest price of MTP/HUF in history?
The all-time high price of 1 MTP in HUF is Ft18.95. It remains to be seen if the value of 1 MTP/HUF will exceed the current all-time high.
What is the price trend of Multiple Network in HUF?
Over the past 7 days, the exchange rate of Multiple Network (MTP) has gone up by 1.12%.   Over the last month, the exchange rate of Multiple Network (MTP) has gone up by 9.17% against Hungarian Forint (HUF).

What factors influence the conversion rate of MTP to HUF?

There are many factors that affect the relationship between Multiple Network 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 MTP/HUF. When there is positive news in the market about the widespread adoption of MTP or major technological breakthroughs, it tends to trigger market optimism and drive the rise of MTP/HUF. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in MTP/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 MTP/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 Multiple Network 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 Multiple Network currency pairs: MTP to US Dollar (USD), MTP to Euro (EUR), MTP to Pound Sterling (GBP), MTP to Canadian Dollar (CAD), MTP to Indian Rupee (INR), MTP to Pakistani Rupee (PKR), MTP to Brazilian Real (BRL), MTP to…
The price of Multiple Network in the US is $0.0005817 USD. Additionally, Multiple Network’s price is €0.0005008 EUR in the eurozone, £0.0004346 GBP in the UK, C$0.0008082 CAD in Canada, ₹0.05256 INR in India, ₨0.1628 PKR in Pakistan, R$0.003123 BRL in Brazil, and more.
The most popular Multiple Network currency pair is the MTP to Hungarian Forint(HUF). The price of 1 Multiple Network (MTP) in Hungarian Forint (HUF) is Ft0.1929.

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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.
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