Economy of Hungary 2008. The most visited region is Budapest, the Hungarian capital attracted 3,61 million visitors in 2008. Hungary was the world's 24th most visited country in 2011. The Hungarian spa culture is world-famous, with thermal baths of all sorts and over 50 spa hotels located in many towns, each of which offer the opportunity of a pleasant, relaxing holiday and a wide range of quality medical and beauty treatments. The currency of Hungary is the Hungarian forint (HUF, Ft) since 1 August 1946. A forint consists of 100 fillérs; however, since these have not been in circulation since 1999, they are
Currency swap currency exchange have since become rare, savings are still available from back-to-back loans due to comparative advantage. The first formal currency swap, as opposed to the then used parallel loans structure, was transacted by Citicorp International Bank for a $US100,000,000 10 year US Dollar Sterling swap between Mobil Oil Corporation and General Electric Corporation Ltd (UK). The concept of the interest rate swap was developed by the Citicorp International Swap unit but cross-currency interest rate swaps were introduced by the World Bank in 1981 to obtain Swiss francs and German marks by exchanging cash flows with IBM. This deal was