Hungarian Forint

Hungarian Forint

Hungarian Forint overview

The forint (sign: Ft; code: HUF) is the currency of Hungary. It was formerly divided into 100 fillér, but fillér coins are no longer in circulation. The introduction of the forint on 1 August 1946 was a crucial step in the post-World War II stabilization of the Hungarian economy, and the currency remained relatively stable until the 1980s. Transition to a market economy in the early 1990s adversely affected the value of the forint; inflation peaked at 35% in 1991. Since 2001, inflation is in single digits, and the forint has been declared fully convertible. As a member of the European Union, the long-term aim of the Hungarian government may be to replace the forint with the euro, but that does not appear to be likely until some time during the 2020s.

1 HUF to USD exchange rates chart

HUF to  exchange rates chart

Hungarian Forint news

Forint leads currencies lower, Italy-EU dispute weighs

Currencies ease as euro falls on Italy's budget deadline; Markets seek direction after 3-day losing streak; Stocks tread water, but OTP Bank lifts.

conditional neutral
Emerging stocks and currencies fall as Fed stays hawkish
Emerging stocks and currencies fall as Fed stays hawkish

MSCI currency index on track for worst day in over a month; Turkish lira biggest loser among EM currencies

indicative negative
Why Hungarian Stocks Are Ready to Rise

This European market’s valuations are much lower than its historical levels, dividend yields are high, and the economy is posting solid gains.

conditional positive
EU pursues Orbán son-in-law case despite Hungary ending probe

Dropping of Hungarian investigation ‘strengthens doubts on the independence of Hungarian law enforcement authorities,’ says Parliament committee chair.

indicative negative
Zloty firms on U.S. vote, loose NBP stance hits Polish bonds
Zloty firms on U.S. vote, loose NBP stance hits Polish bonds

Dollar retreat on U.S. vote helps CEE currencies; Polish cbank keep rates on hold, retains loose stance; Crown misses out on firming, hits 5-month.

conditional neutral

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