The Hungarian Forint (HUF) is the official currency of Hungary, a member of the European Union since April 2003. Although part of the EU, Hungary does not use the Euro as its currency, instead opting for the Forint. The Forint has a rich history and continues to be an important part of Hungary’s economy and identity.
Overview of the Hungarian Forint (HUF)
Introduction to the Forint as Hungary’s Official Currency
The Hungarian Forint (HUF) serves as the official currency of Hungary, with the currency code HUF and the symbol Ft. Despite being a member of the European Union, Hungary has not adopted the Euro and continues to use the Forint as its primary currency.
The Forint has been in use since its re-introduction in 1946 following World War II. Prior to this, the Forint was used between 1868 and 1892 during the Austro-Hungarian Empire, before being replaced by the pengő.
Forint Denominations: Banknotes and Coins
The Hungarian Forint is available in various denominations, making it convenient for everyday transactions. The banknotes come in denominations of 500, 1000, 2000, 5000, 10,000, and 20,000 Forints. These banknotes feature intricate designs and security features to prevent counterfeiting.
In addition to banknotes, the Forint also has coins in smaller denominations. The coins come in values of 5, 10, 20, 50, 100, and 200 Forints. These coins are used for smaller purchases and change.
Historical Figures Featured on Forint Banknotes
The Hungarian Forint banknotes not only serve as a means of exchange but also pay tribute to the country’s rich history and influential figures. Some of the notable historical figures featured on Forint banknotes include:
- Kings Charles I: Known for his economic reforms and strengthening of the monarchy.
- Matthias I: A Renaissance king who promoted arts, science, and education.
- Stephen I: The first King of Hungary and founder of the Hungarian state.
These illustrations serve as a reminder of Hungary’s past and the significant contributions made by these historical figures.
Hungarian Forint Exchange Rates
Current HUF to USD Exchange Rate
As of June 19, 2024, at 08:44 UTC, the exchange rate for the Hungarian Forint (HUF) to the US Dollar (USD) is as follows:
- 1 HUF = 0.00272085 USD
This means that one Hungarian Forint is equivalent to approximately 0.00272085 US Dollars. It’s important to note that this is the mid-market rate used for conversion and may differ from the actual rate applied when sending money.
USD to HUF Conversion Rate
Conversely, if you want to convert US Dollars (USD) to Hungarian Forints (HUF), the exchange rate as of June 19, 2024, at 08:44 UTC is:
- 1 USD = 367.533 HUF
This means that one US Dollar is equivalent to approximately 367.533 Hungarian Forints. Again, this is the mid-market rate and may differ from the rate used for actual money transfers.
Historical Exchange Rates: 30-Day and 90-Day Trends
It’s helpful to look at historical exchange rates to understand the fluctuations and trends of the Hungarian Forint against the US Dollar. Here are the 30-day and 90-day historical exchange rate trends:
| Period | Low | High | Average | Volatility |
|---|---|---|---|---|
| Last 30 Days | 0.0026867 | 0.0028249 | 0.0027711 | 0.61% |
| Last 90 Days | 0.0026867 | 0.0028249 | 0.002755 | 0.53% |
These historical trends provide insight into the stability and volatility of the Hungarian Forint against the US Dollar over the past 30 and 90 days.
History and Origin of the Hungarian Forint
The Forint’s Introduction and Re-Introduction
The Hungarian Forint has a fascinating history that spans several centuries. The Forint was first introduced between 1868 and 1892 during the Austro-Hungarian Empire. However, it was later replaced by the pengő currency.
Following the end of World War II, the Forint was re-introduced in 1946 as Hungary’s official currency. Since then, it has remained the primary currency used in Hungary, even after the country joined the European Union in April 2003.
Etymology of the Forint: Florence and Fiorino d’Oro
The name “Forint” has an interesting origin that traces back to the city of Florence in Italy. In Florence, gold coins were minted and called “fiorino d’oro” since 1252. The name “fiorino” eventually evolved into “forint” in Hungarian.
This connection to Florence and the fiorino d’oro highlights the historical significance and influence of trade and currency exchange between different regions.
Currency Exchange Services for Hungarian Forints
Xe Currency Converter and Services
Xe, a leading provider of currency exchange services, offers a range of tools and resources for converting Hungarian Forints (HUF) to other currencies, including the US Dollar (USD). Some of the key services provided by Xe include:
- Currency Converter: Xe’s online currency converter allows you to quickly and easily convert between HUF and USD, as well as other currency pairs.
- Money Transfer: Xe facilitates secure international money transfers, enabling you to send funds in HUF or other currencies.
- Currency Charts: Xe provides interactive currency charts that display historical exchange rates and trends for HUF against USD and other currencies.
- Rate Alerts: You can set up personalized rate alerts to stay informed about specific HUF exchange rates and make informed decisions.
Xe has been providing trusted currency services since 1995 and offers a user-friendly platform available in multiple languages.
Currency Exchange International (CXI) Services
Another reputable provider of currency exchange services is Currency Exchange International (CXI). CXI offers a wide range of services to cater to the needs of individuals and businesses dealing with Hungarian Forints and other currencies:
- Foreign Exchange Services: CXI provides foreign exchange services, allowing you to buy or sell Hungarian Forints and other currencies at competitive rates.
- Risk Management Solutions: CXI offers risk management solutions to help businesses mitigate currency risks associated with international transactions involving HUF.
- International Payments: With CXI’s international payments processing technology, you can securely and efficiently send or receive payments in HUF and other currencies.
CXI is trusted by financial institutions, corporations, and retail markets worldwide for their tailored solutions and dedicated customer service in managing global payment needs.
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