About the Hungarian Forint
The Forint was reintroduced in 1946 to stabilize the Hungarian economy after World War II and one of the most severe cases of hyperinflation ever recorded, which affected the previous currency, the pengő.
The name 'Forint' comes from the city of Florence, Italy, where gold coins called 'fiorino d'oro' were minted from 1252.
Interesting Facts
Taming World Record Hyperinflation
The Forint was introduced to end the worst hyperinflation ever recorded. At its peak, prices were doubling every 15 hours with the old pengő currency.
Named After Florence
The currency's name has its roots in the gold coins of Florence, Italy ('fiorino d'oro'), which were a benchmark currency in the region in the late Middle Ages.
Still Outside the Euro
As a member of the European Union, Hungary is legally obliged to adopt the Euro, but there is no target date and strong political reluctance to do so.
Historical Timeline
The pengő is introduced.
The Forint replaces the pengő after a period of extreme hyperinflation. The exchange rate was 1 forint = 4×10^29 pengő.
Denominations
Banknotes
Coins
Security Features
Quick Facts
- ISO Code
- HUF
- Symbol
- Ft
- Numeric Code
- 348
- Subunit
- Fillér (1/100)
- Introduced
- 1946-08-01
Central Bank
- Name
- Hungarian National Bank
- Headquarters
- Budapest, Hungary
- Founded
- 1924
- Current Governor
- György Matolcsy (since 2013)
Economic Data
- Reserve Currency Share
- 0.0%
- Forex Volume Share
- 0.4%
- Inflation Rate
- 3.7%
- Interest Rate
- 7.00%
Exchange Rates
What Affects the HUF Exchange Rate?
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