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LOCAL CURRENCY IN HUNGARY

Need to know how much is your money worth in Hungary? The money used in Hungary is called Forint.

The Hungarian Forint is issued and managed by the Magyar Nemzeti Bank. To find out the current currency exchange rates for Forint to other major currencies of the world, click on foreign currency rates.

Hungarian Currency Information
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The currency used in Hungary is called as the Forint. This currency is denoted with the currency sign Ft and the ISO 4217 Code for the Hungarian Forint is HUF. The Forint, is the official currency of the Hungary . It is divided into 100 smaller units called fillér (defunct).

The constitution of Hungary provides that the Hungary government shall have the power to print the Hungarian Forint and fillér (defunct) coins to be used as a legal tender in Hungary. The Hungarian Forint bank notes and Fillér (defunct) coins are both designated as "legal tender" in payment of debts.

The Hungarian Forint bill uses the decimal system, consisting of 100 equal units.

The symbol Ft, usually written before the numerical amount, is used for the Hungarian Forint.

Currently printed bank notes denominations are 500, 1000, 2000, 5000, 10,000, 20,000 forint and the coins are minted in the denominations of 5, 10, 20, 50, 100, 200 forint .

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The Effect of Balance of Trade and Investment on the Value of Hungarian Forint
Financial analysts regularly cite the balance of trade and investment in Hungary as the most important influence on the value of the Forint. The difference between what the Hungary exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Forint exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Forint exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Hungarian Forint.
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