Euro to Hungarian Forint — exchange rate

The euro (sign: €, code: EUR, number: 978) is a currency unit that is used for payment on the Eurozone territory. It is used among the majority of European countries: in Germany, Austria, Spain, France, Greece, etc. A common abbreviation of the currency is EUR.

Every euro is worth 100 cents. Sometimes the coins are called eurocents to avoid misunderstanding. The € currency was introduced in 2002 after the official establishment of the European Union. It has replaced a lot of European currencies: Greek drachma, Lithuanian litas, Slovak krona and so on. Introducing euro on a vast territory has allowed to remove transfer commission connected to conversion. Many preserved local currencies have a rate closely tied to EUR.

The Hungarian forint (Ft) is a currency issued and used for payment in Hungary. Internationally, it is known as HUF. It was previously subdivided into fillér.

However, in 1999 the coins were removed and today, they are not used in circulation. They can be seen in private collections. The currency was put into circulation in 1996, replacing the pengő, which could not cope with inflation. The new currency has been a subject to a deep monetary reform carried out by the state. In 2015, the national currency of Hungary was included into a list of free converted currencies.