The forint (sign Ft; code HUF) is the official currency of Hungary and was introduced in 1946 soon after World War II ended and it was no longer occupied by Germany. The forint is available in denominations of 500 Ft, 1,000 Ft, 2,000 Ft, 5,000 Ft, 10,000 Ft, 20,000 Ft bills and 5 Ft, 10 Ft, 20 Ft, 50 Ft, 100 Ft, 200 Ft coins. It used to be divided into fillers, but these coins are no longer in circulation. The introduction of the forint helped stabilise the economy in Hungary immediately after the war and for decades to follow, but the country has experienced periodic volatility with inflation since the 1990s, the most recent being double digit inflation in 2022 due the war in nearby Ukraine. Hungary is one of the few EU member states that has not yet adopting the euro. Hungary is not obligated to adopt the euro and there is no set timeline to do so, but expectations are that the country may replace the forint currency with the euro in coming years.
Hungarian Forint Currency
Currency Exchange Rates
The value of the Hungarian Forint has steadily declined over the past 5 years, decreasing in value by approximately 40%.