HUF – Hungarian Forint
Sign – Ft / Code – HUF
Long before our corporate currency exchange brokers were helping our clients with their Hungarian Forint transfers, the Forint was creating its own rich history.
About the Hungarian Forint
The Forint was re-introduced into Hungary in 1946, following the massive hyperinflation that occurred after the Second World War.
The Forint is named for Florence, Italy, where gold coins called fiorino d’oro were used from the mid-thirteenth century. The Hungarian Forint came into being in 1325 and fell out of use in 1868 when the Austro-Hungarian Empire’s Gulden took over.
Following its reintroduction, the 1980s and 1990s saw inflation peak once again following the Forint’s transition to market economy, witnessing yearly figures of 35%. Significant market reforms helped the Forint to recover, however.
Although Forint is divided into Fillér, they have not been in circulation since 1999, as they have been rendered useless by inflation.
Sub-unit: Fillér – 1/100
Coins: Ft5, Ft10, Ft20, Ft50, Ft100, Ft200
Banknotes: Ft500, Ft1000, Ft2000, Ft5000, Ft10,000
Bank: Hungarian National Bank