I mean, Hungary is one of those countries that haven’t made the switch to Euro (for perspective: both Bulgaria and Croatia adopted it) despite them being a member state. I know that HUF isn’t strong (1€ = Ft 388, as of writing) but by having Euros: does your PPP increase a lot when visiting Hungary as a tourist?

I’ve heard that HUF is volatile as it inflates like crazy since it’s weak against the Euro. Also, for Hungarians: does it mean visiting neighboring countries is expensive since most use Euro when you take purchasing power into account? The exchange rate isn’t favorable for them as they would need to pay more.

  • Tuuktuuk@nord.pubEnglish
    0·
    14 days ago

    And then of course, to the other question: I’m from Finland. My PPP increases a lot when I go to Germany. I get a higher amount of Euros as salary, but I can buy much less with my Finnish salary in Finland than I could buy with a lower German salary in Germany. And then when I use my Finnish salary in Germany… Woooo! :)

    And when I go to some country in what used to be called “eastern block” in the past, then yes: I can indeed buy a lot more than I can buy in what used to be called “the west” some twenty-thirty years ago. But that’s the same in Hungary and in Slovakia, as both countries have been mismanaged in a similar manner. Whether Hungary has Euro or not, doesn’t really affect this much at all.