Hungarian forint Hungarian forint 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 stabilisation 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
Hungarian forint Hungarian abbreviation for forint is "Ft", which is written after the number with a space between. The name fillér, the subdivision of all Hungarian currencies since 1925, comes from the German word "Heller". The abbreviation for the fillér was "f", also written after the number with a space in between. In 1946, a USD was worth 11.7 forints. After its 1946 introduction, the forint remained stable for the following two decades, but started to lose its purchasing power as the state-socialist economic system (Planned economy) lost its competitiveness during the 1970s and 1980s. After the democratic change of 1989–90, the