Economy of Hungary inflation rates of below, but close to 2% over the medium term". Since Hungary is in the process of catching up (Balassa-Samuelson effect), the long-term objective is a slightly higher figure, around 2.3-3.2%. Therefore, the medium term inflation target of the Hungarian National Bank is 3%. Concerning the exchange rate system, the floating exchange rate system is in use since 26 February 2008, as a result of which HUF is fluctuating in accordance with the effects of the market in the face of the reference currency, the euro. The chart on the right shows forint exchange rates for the British
Yuan (currency) Yuan (currency) The yuan (; sign: ¥; ; ) is the base unit of a number of former and present-day currencies in Chinese. A "yuan" () is also known colloquially as a "kuai" (; originally a lump of silver). One "yuan" is divided into 10 "jiao" () or colloquially "mao" ( "feather"). One "jiao" is divided into 10 "fen" (). Today, it usually refers to the primary unit of account of the renminbi, the currency of the People's Republic of China. It is also used as a synonym of that currency, especially in international contexts – the ISO 4217 standard