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L2DAO to HUF Converter and calculator

L2DAO/HUF: 1 L2DAO = 0.04280 HUF. The price of converting 1 Layer2DAO (L2DAO) to Hungarian Forint (HUF) is 0.04280 HUF today.
L2DAO
L2DAO
HUF
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides L2DAO to HUF real-time exchange rates, making it easy to convert Layer2DAO (L2DAO) to Hungarian Forint (HUF). The conversion result is based on real-time data. The conversion result shows that 1 L2DAO is currently valued at 0.04 HUF. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 L2DAO is currently valued at 0.04 HUF, which means buying 5 L2DAO would cost 0.21 HUF. Similarly, Ft1 HUF can be converted to 23.36 L2DAO, and Ft50 HUF can be converted to 116.82 L2DAO, excluding any platform or gas fees.

Convert L2DAO to HUF

Convert HUF to L2DAO

Layer2DAO
Hungarian Forint
5000 L2DAO
214.01  HUF
10000 L2DAO
428.01  HUF
In the table above, you'll find a comprehensive L2DAO to HUF converter that shows the value of Layer2DAO in Hungarian Forint across commonly used conversion amounts. The list covers conversions from 1 L2DAO to HUF, all the way up to 10000 L2DAO, providing a clear view of their respective values.
Hungarian Forint
Layer2DAO
500 HUF
11,681.84 L2DAO
1000 HUF
23,363.67 L2DAO
2000 HUF
46,727.34 L2DAO
5000 HUF
116,818.36 L2DAO
10000 HUF
233,636.72 L2DAO
50000 HUF
1,168,183.62 L2DAO
100000 HUF
2,336,367.24 L2DAO
In the table above, you'll find a comprehensive HUF to L2DAO converter that shows the value of Hungarian Forint in Layer2DAO across commonly used conversion amounts. The list covers conversions from 1 HUF to L2DAO, all the way up to 100000 HUF, providing a clear view of their respective values.

L2DAO to HUF chart

L2DAO/HUF: 1 L2DAO = 0.04280 HUF; 2025/04/27 18:57:58
In the past 1D, Layer2DAO has changed +6.16% to HUF. Based on the trend and price charts, Layer2DAO(L2DAO) has changed +6.16% to HUF while Hungarian Forint(HUF) has changed % to L2DAO in the last 24 hours.
1D7D1M3M1YAll

L2DAO to HUF conversion data: Volatility and price changes of Layer2DAO in HUF

The highest Layer2DAO price in HUF over the past 7 days was 0.04293 HUF while the lowest Layer2DAO price in HUF over the past 7 days was 0.03693 HUF. The relative change between the highs and lows in Layer2DAO price in HUF over the last 7 days indicates a volatility of %. You can view additional volatility data and L2DAO to HUF prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
0.04293 HUF
0.04293 HUF
0.05007 HUF
0.08234 HUF
Low
0.04280 HUF
0.03693 HUF
0.03310 HUF
0.03310 HUF
Average
0 HUF
0 HUF
0 HUF
0 HUF
Volatility
%
%
%
%
Change
+6.16%
+16.69%
-22.47%
-45.11%

Layer2DAO information

L2DAO to HUF market statistics

L2DAO/HUF:
Ft0.04280
L2DAO 24h volume:
--
L2DAO market cap:
--
L2DAO circulating supply:
0 L2DAO

Current L2DAO to HUF exchange rate

Layer2DAO to Hungarian Forint is rising this week.
Layer2DAO's current market price is Ft0.04280 per L2DAO, with a total market cap of Ft0 HUF based on a circulating supply of -- L2DAO. The trading volume of Layer2DAO has changed by -100.00% (Ft-- HUF) in the last 24 hours. Last trading day, L2DAO's trading volume was Ft--.

More info about Layer2DAO 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 Layer2DAO currency pair is the L2DAO to HUF, with for Layer2DAO's currency code being L2DAO. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for HUF.

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How to convert L2DAO to HUF

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L2DAO to HUF Conversion tables

The exchange rate of Layer2DAO is decreasing.
The exchange rate of 1 L2DAO to Hungarian Forint has changed by +16.69% in the last 7 days. In the last 24 hours, the rate has fluctuated by +6.16%, reaching a high of 0.04293 HUF and a low of 0.04280 HUF . One month ago, the value of 1 L2DAO was Ft0.05521 HUF , which represents a -22.47% change from its current value. Over the last year, Layer2DAO has changed by
-Ft
0.6532HUF
, resulting in a change of -93.85% in its value.
24 hours ago1 month ago1 year ago
Amount18:57 today24 hours ago24h change
0.5 L2DAOFt0.02140Ft0.02016
+6.16%
1 L2DAOFt0.04280Ft0.04032
+6.16%
5 L2DAOFt0.2140Ft0.2016
+6.16%
10 L2DAOFt0.4280Ft0.4032
+6.16%
50 L2DAOFt2.14Ft2.02
+6.16%
100 L2DAOFt4.28Ft4.03
+6.16%
500 L2DAOFt21.4Ft20.16
+6.16%
1000 L2DAOFt42.8Ft40.32
+6.16%

L2DAO to HUF FAQ

How much is 1 Layer2DAO in HUF?
Right now, the price of 1 Layer2DAO (L2DAO) in Hungarian Forint (HUF) is Ft0.04280.
How much L2DAO can I buy for 1 HUF?
Based on the current exchange rate, you can get 23.36 L2DAO for 1 HUF.
How do I calculate or convert L2DAO to HUF?
You can use our L2DAO to HUF calculator at the top of this page to convert any amount of L2DAO to HUF. We've also included quick-reference tables for the most popular conversions. For example, 5 HUF is equivalent to 116.82 L2DAO, while 5 L2DAO will cost around 0.2140HUF.
What is the highest price of L2DAO/HUF in history?
The all-time high price of 1 L2DAO in HUF is Ft9.1. It remains to be seen if the value of 1 L2DAO/HUF will exceed the current all-time high.
What is the price trend of Layer2DAO in HUF?
Over the past 7 days, the exchange rate of Layer2DAO (L2DAO) has gone up by 16.69%.   Over the last month, the exchange rate of Layer2DAO (L2DAO) has gone down by 22.47% against Hungarian Forint (HUF).

What factors influence the conversion rate of L2DAO to HUF?

There are many factors that affect the relationship between Layer2DAO 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 L2DAO/HUF. When there is positive news in the market about the widespread adoption of L2DAO or major technological breakthroughs, it tends to trigger market optimism and drive the rise of L2DAO/HUF. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in L2DAO/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 L2DAO/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 Layer2DAO and adjust their investment strategies accordingly in the evolving market.

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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.