Hungarian forint: insight from past to present

Hungarian forint, or Forint, is the official currency of Hungary.In English currency is called Hungarian Forint.Currency code according to ISO 4217 looks symbol HUF.The same as the currency traded in the international market against the dollar, euro, pound and other world currency.The first notes were issued August 1, 1946.The reason for the innovations became active currency pengos previous inflation.In the historical period currency ratio was 1 to 4. Based on history, accepted equal to 1 Hungarian Forint fillers of 100, despite the fact that since 1999 the filler has been withdrawn from circulation.

Patrimony

Currency name "Hungarian forint," has a direct relationship to the city under the name Florence.It is in this corner of the world in the 13th century minted gold coins called fiorino doro, or gold florin.In the period from 1857 to 1892.HUF Hungary was called the Austro-Hungarian currency.The Germans called the Austrian guilder currency.In use such a name is used, as the Austrian florin.Although tradition has taken root among the people under the name of the forint currency.

role in the history of currency

Hungarian forint has played a big role in the history of the state.Since its introduction in the country's financial system coincides with the seizure of state power by the Communists.Currency implemented a number of policy objectives.It replaced its predecessor, with a course of 1 forint - Penge 100 million.The first two decades of the currency had a stable exchange rate.It has led to a drop in the loss of competitiveness of the country in 1970 - 1980-ies.There was a time when the currency is simply lying in the street like garbage, it was useless.From this period there was the fall of the currency at least 35 percent annually.We change the situation only reforms that were carried out in 2008.Of great importance in stabilizing the situation should give the global crisis of 2008 and the fall of the dollar.It is due to the difficulties in the economy of most countries 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, stopped at a stable rate.Colossal fall as 7 years ago, is not observed.The situation has changed, the forint gradually occupies 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 to travel to Hungary?

Despite the fact that the Hungarian forint cheaper ruble, Hungarian vacation costs a pretty penny.If you take the average rate is 100 HUF equivalent to 24 rubles.How to get to the subway in the country costs 350 forints, and now count.In order to get to one side of the metro, will have to pay $ 100, and it is even for Moscow and St. Petersburg will be expensive.

If you plan a trip to Hungary, seasoned travelers recommend not to stock the euro.Despite the fact that the country is a member of the European Union, in the daily life of an advantage is given to the state currency unit.The euro and the dollar is better to change in the forint, due to the high rate.At the same time we pay attention to the fact that the permit in Hungary will cost no less than one of the most prestigious resorts in the world.