Hungarian forint

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The forint (sign: Ft; code: HUF) is the currency of Hungary.

It is divided into 100 fillér, although fillér coins are no longer in circulation.

The introduction of the forint on 1 August 1946 was a crucial step of the post-WWII stabilization of the Hungarian economy, and the currency remained relatively stable until the 1980s.

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Transition to market economy in the early 1990s deteriorated the value of the forint, inflation peaked at 35% in 1991.

Since 2001, inflation is single digit and the forint was declared fully convertible.

As a member of the European Union, the long term aim of the Hungarian government is to replace the forint with the euro.