The Hungarian Forint, or Forint, is the official currency of Hungary. In English, the currency is commonly called Hungarian Forint. The currency code in accordance with ISO 4217 is in the form of a HUF symbol. In the same form, the currency is traded on the international market in tandem with the dollar, euro, pound and other world monetary units. For the first time, notes were put into circulation on August 1, 1946. The reason for the innovation was the active inflation of the previous Pengyo currency. In that historical period, the currency ratio was 1 to 4. Based on history, it is customary to equate 1 Hungarian forint to 100 fillers, despite the fact that since 1999 the filler has been withdrawn from circulation.
History tour
The currency name "Hungarian Forint" is directly related to the city called Florence. It was in this corner of the earth in the 13th century that gold coins were minted under the name fiorino doro, or golden florin. In the period from 1857 to 1892. Forint in Hungary was called Austro-Hungarian currency. The Germans called the currency unit the Austrian guilder. In everyday life, a name such as Austrian florin is used. Despite the traditions, a currency called the forint has taken root among the people.
The role of currency in history
The Hungarian forint played a large role in the history of the state. The moment of its introduction into the financial system of the country coincides with the seizure of state power by the Communists. The monetary unit fulfilled a number of political goals. She supplanted her predecessor with a course of 1 forint - 100 million penges. The first two decades, the currency had a stable rate. The loss of the country's competitiveness in the 1970s and 1980s led to a fall. There was a time when the currency was just lying on the street like garbage; nobody needed it. Since this period, there has been a fall in the exchange rate of the monetary unit by at least 35 percent annually. Only the reforms that were carried out in 2008 changed the situation. Great importance in stabilizing the situation should be given to the global crisis of 2008 and the fall of the dollar. It was due to difficulties in the economy of most countries of the world that Hungary was able to stabilize the situation at home.
Today, the Hungarian forint against the ruble and other currencies of the world, despite the differences between Europe and Hungary, settled on a stable exchange rate. A colossal fall, like 7 years ago, is not observed. The situation has changed, the forint is gradually taking a strong position in the global economy.
| Huf | USD | EUR | GBR |
| 1 HUF | ------- | 0.0040 | 0.0032 | 0.0025 |
| 1 USD | 250,2300 | ------- | 1,8009 | 0.6357 |
| 1 EUR | 312.5140 | 1,2487 | ------- | 0.7938 |
| 1 GBR | 393, 5672 | 1,5731 | 1.2597 | ------- |
What currency should go to Hungary?
Despite the fact that the Hungarian forint is cheaper than the ruble, holidays in Hungary cost a pretty penny. If we take the average rate, then 100 forints is equivalent to 24 rubles. A metro ride in the country costs 350 forints, and now we’ll calculate it. In order to travel one way by metro, you will have to pay 100 rubles, and this will be a little expensive even for Moscow and St. Petersburg.
If you plan a trip to Hungary, experienced tourists recommend not stocking up the euro. Despite the fact that the country is part of the European Union, in daily life the preference is given to the state monetary unit. Euros and dollars are best exchanged for forints, due to the high exchange rate. At the same time, we draw attention to the fact that a trip to Hungary will cost no less than one of the most prestigious resorts in the world.