🇭🇺 HUF vs 🇯🇵 JPY: Currency Strength Comparison
Data updated: November 6, 2026
On November 6, 2026, one Japanese Yen bought 2.0586 HUF at the official reference rate, so per unit the Japanese Yen is worth more. A higher unit value only reflects how each currency is denominated, not which one is gaining: over the past 12 months HUF strengthened by 5.9% against JPY, so on momentum the Hungarian Forint (HUF) is the stronger of the two.
Adjusted for consumer-price inflation in both economies, HUF gained 5.2% in real terms against JPY over the same period.
HUF relative to JPY
Positive values mean HUF strengthened against JPY.
HUF vs JPY over the last three years
HUF against JPY, index 100 on November 6, 2023. A rising line means HUF gained on JPY. Dashed: the same, adjusted for consumer-price inflation in both economies. Green dot: 3-year high, red: 3-year low.
- 3-year high: 125.7 on June 16, 2026, when HUF was at its strongest against JPY in the period.
- 3-year low: 89.6 on December 3, 2024.
- Now: 114.7, 8.7% below the high and 28% above the low.
- Sharpest one-month move: HUF fell 12.1% against JPY between July 11, 2024 and August 5, 2024.
What moved HUF and JPY
- · 🇯🇵 US and Japan intervene to prop up yen — A rare joint intervention aims to halt the yen's slide as a carry-trade unwind rattles global markets
- · 🇯🇵 BoJ hikes to 1.00% — Bank of Japan raises its policy rate again, citing persistent inflation and yen weakness
- · 🇯🇵 Japan intervenes to defend yen — Japan's Ministry of Finance buys yen after it crosses 160 per dollar during Golden Week
- · 🇭🇺 Magyar's Tisza ousts Orban — Peter Magyar's Tisza party wins a landslide, ending Viktor Orban's 16-year rule
- · 🇭🇺 MNB cuts rate to 6.25% — Hungary's central bank cuts for the first time after holding since 2024
- · 🇯🇵 Takaichi's LDP wins snap election — The LDP-JIP coalition wins a postwar-record majority after a snap election
Major central-bank decisions, elections and shocks for the two currencies since November 6, 2023. The interactive chart marks them on the line.
Performance against 15 major currencies
| Currency | 12-month change vs basket | Rank |
|---|---|---|
| 🇭🇺 Hungarian Forint (HUF) | +4.1% | #3 of 16 |
| 🇯🇵 Japanese Yen (JPY) | -2.1% | #10 of 16 |
Open the interactive HUF/JPY chart →
How this comparison works
Each currency's strength index starts at 100 and accumulates its daily change against 15 other major currencies (a geometric mean of pairwise exchange-rate moves), using European Central Bank reference rates and other official sources. The relative figures above divide HUF's index by JPY's, so they reflect the two currencies' performance against each other while accounting for the whole basket. The real variant additionally adjusts each currency for its domestic CPI inflation.
Read the full methodology →Frequently asked questions
Is HUF stronger than JPY right now?
It depends on the question. Per unit, 1 JPY = 2.0586 HUF (reference rate, November 6, 2026), so the Japanese Yen is worth more. As for which one is gaining, over the past 12 months HUF strengthened by 5.9% against JPY, so on momentum the Hungarian Forint (HUF) is the stronger of the two.
How do HUF and JPY perform against other major currencies?
Against a basket of 15 major currencies over the past 12 months, HUF ranks #3 of 16 (+4.1%) while JPY ranks #10 (-2.1%).
What does the HUF vs JPY strength comparison show?
Rather than a single exchange rate, this page compares how each currency performed against a basket of 15 major currencies, then derives their relative strength. It filters out moves caused by the other currency alone and shows who is truly stronger.
How often is the data updated?
Every trading day (Monday to Friday), after the European Central Bank publishes its reference rates, usually around 16:00 CET.