Hungary's new leadership wants the country to adopt the euro by the end of the decade while repairing strained ties with Brussels. But with a weak economy and tight deadlines, experts warn the path will be steep.
Prices are also always rounded up after conversion, when 500 HUF becomes 1.41, shops likely make it 1.50. Also I’m getting 4% on my savings in czk, whereas with a euro account you’d be lucky to get close to 2%.
Why would banks give you more interest on HUF than on EUR once there is no HUF anymore? While EUR is not national currency it is not the same as when it is.
I think you are not understanding my point. Currently these banks are offering higher interests on accounts in the national currency than accounts in a foreign currency. Why should that change with the introduction of the Euro?
PS: Banks are also not handing out anything for free, what they hand out, they charge elsewhere and then some.
Prices are also always rounded up after conversion, when 500 HUF becomes 1.41, shops likely make it 1.50. Also I’m getting 4% on my savings in czk, whereas with a euro account you’d be lucky to get close to 2%.
Nvm
Why would banks give you more interest on HUF than on EUR once there is no HUF anymore? While EUR is not national currency it is not the same as when it is.
That’s my point. Now they do and changing to euro would be a loss in this case
I think you are not understanding my point. Currently these banks are offering higher interests on accounts in the national currency than accounts in a foreign currency. Why should that change with the introduction of the Euro?
PS: Banks are also not handing out anything for free, what they hand out, they charge elsewhere and then some.
Why wouldn’t they change?
Now:
Czech bank gives 4% on CZK
Dutch bank gives 1.5% on EUR
After:
Czechia introduces EUR: they will also switch to 1.5%