Currency Rate
Hungarian Forint to USD
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Buying rate
HUF 0.002643
Selling rate
HUF0.003079
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The Hungarian forint (symbol: Ft; code: HUF) is the official currency of Hungary.
Currency Details
- Country code HU
- Symbol HUF
- ISO Code HUF
- Subunits 1 Forint = 100 Fillér
Coins
- 5 Ft
- 10 Ft
- 20 Ft
- 50 Ft
- 100 Ft
- 200 Ft
Banknotes
- 500 Ft
- 1000 Ft
- 2000 Ft
- 5000 Ft
- 10000 Ft
- 20000 Ft
The Hungarian Forint, commonly abbreviated as HUF, is the official currency of Hungary. Known locally as "forint," the HUF is symbolized as "Ft." Introduced in 1946, the Hungarian forint replaced the Hungarian pengő after a period of hyperinflation.
History and Background
The Hungarian Forint was introduced after World War II, replacing the hyperinflated Hungarian pengő. It has since become the stable and widely used currency of Hungary.
Economic Significance
The HUF is integral to Hungary's economy, facilitating trade, investment, and economic development. Hungary has a diverse economy, with key sectors including manufacturing (especially automotive), agriculture, services, and tourism. The forint's value is influenced by various factors, including economic policies, inflation rates, and global market conditions.
Usage and Exchange
The HUF is widely accepted across Hungary for all transactions, from everyday purchases to significant business deals. For visitors and expatriates, exchanging foreign currency for Hungarian forints is straightforward, with numerous exchange bureaus, banks, and ATMs available throughout the country. Major credit cards are also widely accepted, ensuring convenience for international travelers.
Conclusion
The Hungarian Forint is more than just a currency; it is a symbol of Hungary's economic resilience, cultural heritage, and national identity. Understanding the HUF is essential for anyone engaging with Hungary's dynamic economy, whether you are a resident or a visitor. The forint's stability and accessibility play a crucial role in the country's economic growth and prosperity.
History and Background
The Hungarian Forint was introduced after World War II, replacing the hyperinflated Hungarian pengő. It has since become the stable and widely used currency of Hungary.
Economic Significance
The HUF is integral to Hungary's economy, facilitating trade, investment, and economic development. Hungary has a diverse economy, with key sectors including manufacturing (especially automotive), agriculture, services, and tourism. The forint's value is influenced by various factors, including economic policies, inflation rates, and global market conditions.
Usage and Exchange
The HUF is widely accepted across Hungary for all transactions, from everyday purchases to significant business deals. For visitors and expatriates, exchanging foreign currency for Hungarian forints is straightforward, with numerous exchange bureaus, banks, and ATMs available throughout the country. Major credit cards are also widely accepted, ensuring convenience for international travelers.
Conclusion
The Hungarian Forint is more than just a currency; it is a symbol of Hungary's economic resilience, cultural heritage, and national identity. Understanding the HUF is essential for anyone engaging with Hungary's dynamic economy, whether you are a resident or a visitor. The forint's stability and accessibility play a crucial role in the country's economic growth and prosperity.