Hungarian forint
magyar forint Template:Hu icon | |||||
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ISO 4217 | |||||
Code | HUF (numeric: 348) | ||||
Subunit | 0.01 | ||||
Unit | |||||
Plural | forint | ||||
Symbol | Ft | ||||
Denominations | |||||
Subunit | |||||
1/100 | fillér (defunct) | ||||
Banknotes | 200, 500, 1000, 2000, 5000, 10 000, 20 000 forint | ||||
Coins | 1, 2, 5, 10, 20, 50, 100 forint | ||||
Demographics | |||||
User(s) | Hungary | ||||
Issuance | |||||
Central bank | Hungarian National Bank | ||||
Website | www.mnb.hu | ||||
Printer | Hungarian Banknote Printing Corp. | ||||
Website | www.penzjegynyomda.hu | ||||
Mint | Hungarian Mint Ltd. | ||||
Website | www.penzvero.hu | ||||
Valuation | |||||
Inflation | 3.7% | ||||
Source | The World Factbook, 2005 est. |
The forint (currency code HUF) is the official currency of Hungary. It is divided into 100 fillér, although fillér coins have not been in circulation since 1999.
History
The forint's name comes from the city of Florence, where golden money was minted from 1252 under the name fiorino d'oro. In Hungary, florentinus (later forint), also a gold-based currency, was used from 1325 under Charles Robert and several other countries followed its example.
Between 1857 and 1892, the forint was the name used in Hungarian for the currency of the Austro-Hungarian Empire, known in German as the Austro-Hungarian gulden or Austrian florin. It was subdivided into 100 krajczár (krajcár in modern Hungarian).
The forint was reintroduced on 1 August 1946, after the 1945-1946 hyperinflation of the pengő. The process was managed by the Hungarian communist party, which held the relevant ministry seats and the forint's success was exploited for political gains, contributing to the 1948-49 communist take-over of state powers, thanks to organized en masse' election fraud called 'blue slip elections' after the ballot's color. The forint replaced the pengő at the rate of 1 forint = 4×1029 pengő. In fact, this was an imaginary exchange rate, since the whole amount of Pengő in circulation had a value of less than one forint at this rate.
Historically the forint was made up of 100 fillér, but fillér have been rendered useless by inflation and have not been in circulation since 1999. The Hungarian abbreviation for forint is Ft, which is written after the number with a space between. The name fillér, the subdivision of almost all Hungarian currencies, comes from the German word Heller. The abbreviation for the fillér is f, written also after the number with a space in between. However, since the demise of the fillér, this abbreviation is now seldom used.
After its 1946 introduction, the forint remained stable for several years, but started to lose its purchasing power as the state-socialist economic system lost its competitiveness during the 1970's and 1980's. After the democratic change of 1989-90, the forint saw yearly inflation figures of app. 35% for three years, but significant market economy reforms helped stabilize it. Since year 2000 the relatively high value of forint (especially compared to the falling US dollar and to some extent to the euro) handicaps the strongly export-oriented Hungarian industry against foreign competitors with lower valued currencies.
As part of Hungary's integration into the European Union and its euro currency, the forint is slated to disappear circa 2010-2012, depending on the economic situation. As of autumn 2005, there is a strong disagreement between the Hungarian National Bank and the government whether EU-mandated low inflation figures and reduced foreign debt aims can be fulfilled by 2010. The situation threatens to make Hungary the last one among the ten new EU members to adopt the euro currency.
Coins
Republic issues (1946-1948)
People's Republic issues - regular | |||||||||||||
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Image | Value | Technical parameters | Description | Date of | |||||||||
Obverse | Reverse | Diameter | Thickness | Mass | Composition | Edge | Obverse | Reverse | first minting | issue | withdrawal | lapse | |
42.5px | 42.5px | 2 f | 17.0 mm | 1.7 mm | 3.0 g | Brass 85% copper 15% zinc |
Smooth | "MAGYAR ÁLLAMI VÁLTÓPÉNZ"[1], year of minting, "Kossuth" coat of arms | Indication of value, mintmark | 1946 | 1 August 1946 | 30 June 1977 | 31 December 1977 |
42.5px | 42.5px | 5 f | 17.0 mm | 1.4 mm | 0.6 g | Aluminium | Smooth | "MAGYAR KÖZTÁRSASÁG"[2], year of minting, young female model | Indication of value, mintmark | 1948 | 30 January 1946 | 30 September 1992 | 31 December 1993 |
File:HUFf 10 1946 obverse.JPG | File:HUFf 10 1946 reverse.JPG | 10 f | 19.1 mm | 1.5 mm | 3.0 g | Aluminium bronze 92% copper 8% aluminium |
Milled | "MAGYAR ÁLLAMI VÁLTÓPÉNZ", year of minting, Dove carrying an olive branch | Indication of value, mintmark | 1946 | 1 August 1946 | 30 June 1977 | 31 December 1977 |
52.5px | 52.5px | 20 f | 21.0 mm | 1.6 mm | 4.0 g | "MAGYAR ÁLLAMI VÁLTÓPÉNZ", year of minting, 3 ears of wheat | |||||||
File:HUFf 50 1948 obverse.JPG | File:HUFf 50 1948 reverse.JPG | 50 f | 22.0 mm | 1.6 mm | 1.4 g | Aluminium | Smooth | "MAGYAR KÖZTÁRSASÁG", year of minting, man sitting on an anvil with a hammer | Indication of value, mintmark | 1948 | 5 May 1948 | 30 June 1972 | 30 June 1973 |
File:HUFcoin 1 1946 obverse.JPG | File:HUFcoin 1 1946 reverse.JPG | 1 Ft | 23.7 mm | 1.6 mm | 1.5 g | Milled | "MAGYAR ÁLLAMI VÁLTÓPÉNZ", mintmark, "Kossuth" coat of arms | Indication of value, year of minting | 1946 | 1 August 1946 | 31 August 1951 | 31 March 1952 | |
File:HUFcoin 2 1946 obverse.JPG | File:HUFcoin 2 1946 reverse.JPG | 2 Ft | 28.0 mm | 2.0 mm | 2.8 g | "MAGYAR KÖZTÁRSASÁG", mintmark, "Kossuth" coat of arms | 31 December 1951 | 31 December 1952 | |||||
File:HUFcoin 5 1946 obverse.JPG | File:HUFcoin 5 1946 reverse.JPG | 5 Ft | 32.0 mm | 2.9 mm | 20.0 g | 835‰ silver | "MUNKA A NEMZETI JÓLÉT ALAPJA"[3] | "MAGYAR KÖZTÁRSASÁG", mintmark, year of minting, indication of value, "Kossuth" coat of arms | "1802-1894 KOSSUTH", Lajos Kossuth | 30 June 1977 | 31 December 1977 | ||
File:HUFcoin 5 1947 obverse.JPG | File:HUFcoin 5 1947 reverse.JPG | 1.9 mm | 12.0 g | 500‰ silver | "M Á P V"[4] and ornaments | 1947 | 19 May 1947 | ||||||
Republic issues - commemorative | |||||||||||||
File:HUFcoin 5 1948 szabharc obverse.JPG | File:HUFcoin 5 1948 szabharc reverse.JPG | 5 Ft | 32.0 mm | 1.9 mm | 12.0 g | 500‰ silver | "ESKÜSZÜNK ESKÜSZÜNK"[5] | "MAGYAR KÖZTÁRSASÁG", indication of value, year of minting, mintmark | "PETŐFI SÁNDOR 1848-49", Sándor Petőfi | 1948 | 1 May 1948 | 30 June 1977 | 31 December 1977 |
File:HUFcoin 10 1948 szabharc obverse.JPG | File:HUFcoin 10 1948 szabharc reverse.JPG | 10 Ft | 36.0 mm | 2.5 mm | 20.0 g | "A LEGNAGYOBB MAGYAR EMLÉKÉRE"[6] | "MAGYAR KÖZTÁRSASÁG", indication of value, year of minting, mintmark | "SZÉCHENYI ISTVÁN 1848-49", István Széchenyi | |||||
File:HUFcoin 20 1948 szabharc obverse.JPG | File:HUFcoin 20 1948 szabharc reverse.JPG | 20 Ft | 40.0 mm | 2.8 mm | 28.0 g | Ornament | "MAGYAR KÖZTÁRSASÁG", indication of value, year of minting, mintmark, "Kossuth" coat of arms | "TÁNCSICS MIHÁLY 1848", Mihály Táncsics | |||||
These images are to scale at 2.5 pixels per millimeter, a standard for world coins. For table standards, see the coin specification table. |
People's Republic issues (1949-1989)
Republic issues - regular | |||||||||||||
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Image | Value | Technical parameters | Description | Date of | |||||||||
Obverse | Reverse | Diameter | Thickness | Mass | Composition | Edge | Obverse | Reverse | first minting | issue | withdrawal | lapse | |
File:HUFf 2 1963 obverse.JPG | File:HUFf 2 1963 reverse.JPG | 2 f | 18.0 mm | 1.1 mm | 0.65 g | Aluminium | Smooth | "MAGYAR NÉPKÖZTÁRSASÁG"[7], year of minting | Indication of value, mintmark | 1950 | 27 March 1950 | 30 September 1992 | 31 December 1993 |
[[Image:|42.5px]] | [[Image:|42.5px]] | 5 f | 17.0 mm | 1.4 mm | 0.6 g | Aluminium | Smooth | "MAGYAR NÉPKÖZTÁRSASÁG", year of minting, young female model | 1953 | 31 March 1953 | 30 September 1992 | 31 December 1993 | |
[[Image:|48px]] | [[Image:|48px]] | 10 f | 19.1 mm | 1.4 mm | 0.85 g | Aluminium | Milled | "MAGYAR NÉPKÖZTÁRSASÁG", year of minting, Dove carrying an olive branch | 1950 | 15 December 1950 | 30 September 1996 | 31 December 1997 | |
[[Image:|46px]] | [[Image:|46px]] | 18.5 mm | 1.2 mm | 0.6 g | 96% aluminium 4% magnesium |
Smooth | 1967 | 12 May 1967 | |||||
[[Image:|52.5px]] | [[Image:|52.5px]] | 20 f | 21.0 mm | 1.6 mm | 1.25 g | Aluminium | "MAGYAR NÉPKÖZTÁRSASÁG", year of minting, 3 ears of wheat | 1953 | 31 March 1953 | ||||
[[Image:|51px]] | [[Image:|51px]] | 20.4 mm | 1.4 mm | 0.9 g | 96% aluminium 4% magnesium |
Milled | 1967 | 12 May 1967 | |||||
[[Image:|55px]] | [[Image:|55px]] | 50 f | 22.0 mm | 1.6 mm | 1.4 g | Aluminium | Smooth | "MAGYAR NÉPKÖZTÁRSASÁG", year of minting, man sitting on an anvil with a hammer | 1953 | 31 March 1953 | 30 June 1972 | 30 June 1973 | |
[[Image:|54px]] | [[Image:|54px]] | 21.5 mm | 1.2 g | 96% aluminium 4% magnesium |
"MAGYAR NÉPKÖZTÁRSASÁG", Erzsébet Bridge | Indication of value, year of minting, mintmark | 1967 | 12 May 1967 | 30 September 1999 | 30 September 2000 | |||
File:HUFcoin 1 1949 obverse.JPG | File:HUFcoin 1 1949 reverse.JPG | 1 Ft | 23.7 mm | 1.6 mm | 1.5 g | Aluminium | Milled | "MAGYAR NÉPKÖZTÁRSASÁG", year of minting, "Rákosi" coat of arms | Indication of value, mintmark | 1949 | 15 November 1949 | 30 June 1995 | 31 December 1995 |
[[Image:|59px]] | [[Image:|59px]] | "MAGYAR NÉPKÖZTÁRSASÁG", year of minting, "Kádár" coat of arms | 1957 | 10 October 1957 | |||||||||
[[Image:|57px]] | [[Image:|57px]] | 22.8 mm | 1.8 mm | 1.4 g | 96% aluminium 4% magnesium |
1967 | 12 May 1967 | ||||||
[[Image:|62.5px]] | [[Image:|62.5px]] | 2 Ft | 25.0 mm | 1.4 mm | 5.0 g | Cupronickel 75% copper 25% nickel |
Ornaments | "MAGYAR NÉPKÖZTÁRSASÁG", year of minting, "Rákosi" coat of arms | 1950 | 20 January 1950 | 30 June 1971 | 30 June 1972 | |
[[Image:|62.5px]] | [[Image:|62.5px]] | "MAGYAR NÉPKÖZTÁRSASÁG", year of minting, "Kádár" coat of arms | 1957 | 10 October 1957 | |||||||||
[[Image:|62.5px]] | [[Image:|62.5px]] | 58% copper 18% nickel 24% zinc |
1962 | 9 December 1962 | |||||||||
[[Image:|56px]] | [[Image:|56px]] | 2 Ft | 22.4 mm | 1.6 mm | 4.44 g | Brass 72% copper 28% zinc |
Smooth | "MAGYAR NÉPKÖZTÁRSASÁG", "Kádár" coat of arms | Indication of value, year of minting, mintmark | 1970 | 1 July 1970 | 30 June 1995 | 31 December 1995 |
[[Image:|69px]] | [[Image:|69px]] | 5 Ft | 27.5 mm | 1.7 mm | 7.4 g | 60% copper 21% nickel 19% zinc |
Milled | "MAGYAR NÉPKÖZTÁRSASÁG", mintmark, year of minting, indication of value, "Kádár" coat of arms | "1802-1894 KOSSUTH", Lajos Kossuth | 1967 | 12 May 1967 | 30 June 1972 | 30 June 1973 |
[[Image:|61px]] | [[Image:|61px]] | 24.3 mm | 1.7 mm | 5.73 g | Nickel | "MAGYAR NÉPKÖZTÁRSASÁG" "KOSSUTH", Lajos Kossuth | Indication of value, mintmark, year of minting, "Kádár" coat of arms | 1971 | 2 August 1971 | 30 June 1995 | 31 December 1995 | ||
[[Image:|58.5px]] | [[Image:|58.5px]] | 23.4 mm | 1.6 mm | 5.0 g | Cupronickel 75% copper 25% nickel |
1983 | 18 April 1983 | ||||||
[[Image:|70px]] | [[Image:|70px]] | 10 Ft | 28.0 mm | 1.9 mm | 8.83 g | Nickel | Ornaments | "MAGYAR NÉPKÖZTÁRSASÁG", mintmark, the Liberty Statue in Budapest | Indication of value, year of minting, "Kádár" coat of arms | 1971 | 1 June 1971 | 31 March 1987 | 31 December 1988 |
[[Image:|63.5px]] | [[Image:|63.5px]] | 10 Ft | 25.4 mm | 1.7 mm | 6.1 g | 92% copper 6% aluminium 2% nickel |
Ornaments | "MAGYAR NÉPKÖZTÁRSASÁG", mintmark, the Liberty Statue in Budapest | Indication of value, year of minting, "Kádár" coat of arms | 1983 | 18 April 1983 | 30 June 1995 | 31 December 1995 |
[[Image:|70px]] | [[Image:|70px]] | 20 Ft | 26.8 mm | 1.8 mm | 7.06 g | Cupronickel 75% copper 25% nickel |
Milled | "MAGYAR NÉPKÖZTÁRSASÁG", György Dózsa | Indication of value, year of minting, mintmark, "Kádár" coat of arms | 1982 | 18 April 1983 | 30 June 1995 | 31 December 1995 |
These images are to scale at 2.5 pixels per millimeter, a standard for world coins. For table standards, see the coin specification table. |
Recent issues (1992-)
In 1992, a new series of forint coins was introduced with denominations ranging from 1 Ft to 200 Ft [1]. From 1996, a bicolour 100 Ft coin was minted to replace the 1992 version, since the latter one was considered to be too big, too ugly, and could be easily mistaken with the 20 Ft coin. The 200 Ft coin was made of 500 ‰ fine silver. From 1994, mass minting of the 200 Ft coin was stopped, since the price of the metal was getting higher than the face value of the coin. However, small issues for collector purposes were minted until 1998, when both the 1992 type 100 Ft and the 200 Ft coins were withdrawn from circulation.
1992 Series | ||||||||||
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Image | Value | Diameter | Thickness | Weight | Composition | Edge | Obverse | Reverse | First Minted Year | |
File:1fiorinoungherese2002front.jpg | File:1fiorinoungherese2002back.jpg | 1 Ft | 16.3 mm | 1.1 mm | 2.05 g | 75% copper 21% zinc 4% nickel |
Smooth | State title, minting date and the coat of arms of Hungary | Indication of value and mintmark | 1992 |
[2] | [3] | 2 Ft | 19.2 mm | 1.5 mm | 3.1 g | Cupronickel 75% copper 25% nickel |
Serrated | State title, minting date and a Hungarian Colchicum (Colchicum Hungaricum) | Indication of value and mintmark | 1992 |
[4] | [5] | 5 Ft | 21.2 mm | 1.3 mm | 4.2 g | 75% copper 21% zinc 4% nickel |
Smooth | State title, minting date and a Great Egret (Egretta alba) | Indication of value and mintmark | 1992 |
[6] | [7] | 10 Ft | 24.8 mm | 1.3 mm | 6.1 g | Cupronickel 75% copper 25% nickel |
Alternately smooth and serrated | State title, minting date and the coat of arms of Hungary | Indication of value and mintmark | 1992 |
[8] | [9] | 20 Ft | 26.3 mm | 1.9 mm | 6.9 g | 75% copper 21% zinc 4% nickel |
Serrated | State title, minting date and a Stool Iris (Iris aphylla) | Indication of value and mintmark | 1992 |
[10] | [11] | 50 Ft | 27.4 mm | 1.7 mm | 7.7 g | Cupronickel 75% copper 25% nickel |
Smooth | State title, minting date and a sitting Saker Falcon (Falco cherrug) | Indication of value and mintmark | 1992 |
100 Ft | 29.2 mm | 1.9 mm | 9.4 g | 75% copper 21% zinc 4% nickel |
Ornated | State title, minting date and the coat of arms of Hungary | Indication of value and mintmark | 1992 | ||
[12] | [13] | 100 Ft | 23.8 mm | 2.2 mm | 8 g | Steel Ring: Ni plated Center: 75% Cu 25% Zn plated |
Serrated | State title, minting date and the coat of arms of Hungary | Indication of value and mintmark | 1996 |
200 Ft | 32 mm | 1.7 mm | 12 g | 500‰ silver | Serrated | State title, indication of value, minting date, mintmark, the Széchenyi Chain Bridge and the coat of arms of Hungary | The building of the Hungarian National Bank and the signature of its guvernor and four vice-guvernors | 1992 | ||
200 Ft | 32 mm | 1.7 mm | 12 g | 500‰ silver | Serrated | State title, indication of value, minting date, mintmark, the Széchenyi Chain Bridge and the coat of arms of Hungary | Portrait of Ferenc Deák | 1994 | ||
These images are to scale at 2.5 pixels per millimeter, a standard for world coins. |
Banknotes
Recent series
Between 1997 and 2001, a new series of banknotes were issued with improved security features[14]. Each banknote depicts a famous Hungarian leader or politician on the obverse and a place related to him on the reverse. All of the banknotes are watermarked, contain an embedded vertical security strip of thin metal and suitable for the visually impaired people. As of April 2006 the 1000 forint note has added a copper holographic security strip. The 2000 forint and higher denominations are also protected by an interwoven holographic security strip. The notes share the common size of 154 x 70 mm. The banknotes are printed by the Hungarian Banknote Printing Corp. in Budapest on the paper manufactured by the Diósgyőr Papermill in Miskolc.
Recent Series | |||||||
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Image | Value | Dimensions | Colour | Obverse | Reverse | Issued Date | |
200 Ft | 154 x 70 mm | green | King Charles Robert | Castle of Diósgyőr | 1 May 1998 | ||
500 Ft | orange and brown | Portrait of prince sovereign Ferenc II Rákóczi by Ádám Mányoki | Castle of Sárospatak | 1 December 1998 | |||
1000 Ft | blue | King Matthias Corvinus | the Hercules Fountain from the Castle of Visegrád | 1 September 1998 | |||
2000 Ft | brown | prince sovereign Gábor Bethlen | Géza Dósa's painting "Gábor Bethlen among his scientists" | 1 February 1998 | |||
2000 Ft (Millennium) |
brownish | the Holy Crown of Hungary | Gyula Benczúr's painting: "Baptism of Vajk" | 20 August 2000 | |||
5000 Ft | violet and green | Portrait of Count István Széchenyi by Friedrich Amerling | the Széchenyi Mansion in Nagycenk | 1 April 1999 | |||
10 000 Ft | red and blue | King Stephen I | view of Esztergom | 1 July 1997 | |||
20 000 Ft | grey and reddish | Ferenc Deák | the old House of Commons in Pest | 1 February 2001 | |||
These images are to scale at 0.7 pixels per millimeter, a standard for world banknotes. |
1946 Series
In 1946, the first series of forint banknotes were put into circulation with the denominations of 10 Ft and 100 Ft. As a consequence of their poor quality (offset printing), many counterfeit appeared in a short time.
1946 Series | ||||||||||
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Image | Value | Dimensions | Main colour | Description | Date of | |||||
Obverse | Reverse | Obverse | Reverse | printing | issue | withdrawal | lapse | |||
10 Ft | 155 x 71 mm | Dark green | A worker with hammer | Coat of arms | 3 June 1946 | 1 August 1946 | 31 March 1948 | 31 March 1951 | ||
File:HUF 100 1946 obverse3.jpg | File:HUF 100 1946 reverse3.jpg | 100 Ft | 158 x 72 mm | Dark blue | A women holding a sickle and ears of wheat | Hands holding a hammer and ears of wheat | 3 June 1946 | 7 August 1946 | 1 May 1951 | 31 December 1951 |
These images are to scale at 0.7 pixels per millimeter, a standard for world banknotes. |
1947 Series
From 1947, a second series of banknotes were designed and put into circulation. These banknotes were printed until 1996 with different coat of arms.
1947 Series | |||||||||
---|---|---|---|---|---|---|---|---|---|
Image | Value | Dimensions | Colour | Obverse | Reverse | First printed | Issued Date | Withdrawn Date | |
Kossuth's coat of arms | |||||||||
10 Ft | 166 x 72 mm | Green | Sándor Petőfi | János Jankó's painting: "Riverside scene" | 27 February 1947 | 25 July 1947 | 30 September 1992 | ||
20 Ft | Blue | György Dózsa | Male nude (posing: István Hegedűs pentathlonist) with hammer and ear of wheat | 1 August 1948 | |||||
100 Ft | Red | Lajos Kossuth | Károly Lotz's painting: "Flight from the thunderstorm" | 14 August 1948 | 31 December 1998 | ||||
Rákosi's coat of arms | |||||||||
10 Ft | 166 x 72 mm | Green | Sándor Petőfi | János Jankó's painting: "Riverside scene" | 24 October 1949 | 1 July 1950 | 30 September 1992 | ||
20 Ft | Blue | György Dózsa | Male nude (posing: István Hegedűs pentathlonist) with hammer and ear of wheat | ||||||
50 Ft | Brown | Portrait of Ferenc II Rákóczi by Ádám Mányoki | Unknown painter: "Kuruc-labanc battle scene" | 1 September 1951 | 13 June 1953 | 30 June 1996 | |||
100 Ft | Red | Lajos Kossuth | Károly Lotz's painting: "Flight from the thunderstorm" | 24 October 1949 | 1 July 1950 | 31 December 1998 | |||
Kádár's coat of arms | |||||||||
10 Ft | 166 x 72 mm | Green | Sándor Petőfi | János Jankó's painting: "Riverside scene" | 23 May 1957 | 27 October 1959 | 30 September 1992 | ||
20 Ft | Blue | György Dózsa | Male nude (posing: István Hegedűs pentathlonist) with hammer and ear of wheat | 8 November 1960 | |||||
50 Ft | Brown | Portrait of Ferenc II Rákóczi by Ádám Mányoki | Unknown painter: "Kuruc-labanc battle scene" | 3 September 1965 | 15 June 1966 | 30 June 1996 | |||
100 Ft | Red | Lajos Kossuth | Károly Lotz's painting: "Flight from the thunderstorm" | 23 May 1957 | 20 March 1959 | 31 December 1998 | |||
File:HUF 500 1975 obverse.jpg | File:HUF 500 1975 reverse.jpg | 500 Ft | 174 x 80 mm | Violet | Endre Ady | View of Budapest | 30 June 1969 | 21 August 1970 | 31 August 1999 |
1000 Ft | Light green | Béla Bartók | Ferenc Medgyessy's sculpture: "Mother with her child" | 25 March 1983 | 27 June 1983 | ||||
Recent coat of arms | |||||||||
100 Ft | 166 x 72 mm | Red | Lajos Kossuth | Károly Lotz's painting: "Flight from the thunderstorm" | 15 January 1992 | 1 July 1992 | 31 December 1998 | ||
500 Ft | 174 x 80 mm | Violet | Endre Ady | View of Budapest | 31 July 1990 | 6 April 1992 | 31 August 1999 | ||
1000 Ft | Light green | Béla Bartók | Ferenc Medgyessy's sculpture: "Mother with her child" | 30 October 1992 | 5 November 1993 | ||||
5000 Ft | Orange-brown | Portrait of Count István Széchenyi by Friedrich Amerling | The Hungarian Academy of Sciences building | 31 July 1990 | 25 March 1991 | 26 July 1999 | |||
These images are to scale at 0.7 pixels per millimeter, a standard for world banknotes. |
Forgery of forint is not significant, but sometimes colour photo-copiers are abused by teenagers to produce low quality fake money for shopping and gambling purposes. For foreign visitors to Hungary, the main danger lies in exchanging their forint to international currencies. Fake dollars and euro banknotes are commonly disseminated by illegal street money exchangers. Legal currency exchange is only available in licenced booths, which always operate under the consortium of some commercial bank and always provide a paper trail of the transaction. Photo ID papers may be required for legal exchange of forints to/from foreign currencies. An alternative is to use internationally known credit cards for payments in Hungary.
History of coins and notes
In the communist period (from 1946) older banknotes with the previous coat of arms were used. There were in circulation till 1999. The denominations of the old coins were 10, 20, 50 and fillér, 1, 2, 5, 10, 20 forint. These coins were larger than the current ones of the same denomination. The existing notes were 10, 20, 50, 100, 500, 1000, and 5000 forints, although 10 and 20 forint notes have become rare in the later years. The 1000 forint note was introduced in 1983, the 5000 forint note in 1991.
The current generation of coins and notes were introduced in 1998 and 1999 (the 10000 forint notes were issued in 1997.) These include the new coat of arms with the crown. The smallest denomination was 1 forint, so the old 50 fillér coins were used for a little more time. The banknotes are all the same size, and have modern security features unlike the old ones. Since then, some of the notes have been slightly changed for greater security; 20000 forint notes were introduced in 2001; and a new smaller but thicker bi-colored 100 forint coin has replaced the older 100 forint coin as that was often confused with the 20 forint coin.
Historical exchange rates
Date | EUR | GBP | USD |
---|---|---|---|
1 January, 2006 | 252.65 | 367.55 | 213.22 |
1 January, 2005 | 244.66 | 346.95 | 180.755 |
1 January, 2004 | 261.83 | 371.59 | 206.83 |
1 January, 2003 | 235.74 | 361.88 | 225.09 |
1 January, 2002 | 244.75 | 395.45 | 271.88 |
1 January, 2001 | 264.58 | 417.70 | 279.62 |
1 January, 2000 | 254.47 | 407.22 | 248.82 |
1 January, 1998 | - | 335.98 | 205.18 |
1 January, 1995 | - | 173.30 | 110.75 |
1 January, 1993 | - | 126.99 | 84.41 |
1 January, 1990 | - | 100.23 | 62.54 |
Current HUF exchange rates | |
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From Google Finance: | AUD CAD CHF CNY EUR GBP HKD JPY USD |
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From XE.com: | AUD CAD CHF CNY EUR GBP HKD JPY USD |
From OANDA: | AUD CAD CHF CNY EUR GBP HKD JPY USD |
See also
Notes
- ^ "Hungarian state small change"
- ^ "Republic of Hungary"
- ^ "Labour is the ground of national welfare"
- ^ = "Magyar Állami Pénzverde" = "Hungarian State Mint"
- ^ "We vow, we vow" (from the refrain of the Nemzeti dal by Sándor Petőfi)
- ^ "To commemorate the greatest Hungarian" (Lajos Kossuth designated István Széchenyi as such)
- ^ "Hungarian People's Republic"
External links
- Official Daily Exchange Rates Archive, Hungarian National Bank
- Template:Hu icon Template:En icon bankjegy.szabadsagharcos.org (Hungarian banknote catalog)
- Template:Hu icon Template:En icon www.numismatics.hu (Roman and Hungarian related numismatic site)
- Template:Hu icon papirpenz.hu (pictures of Hungarian banknotes)
- Template:Hu icon Template:En icon Template:De icon Template:Fr icon www.eremgyujtok.hu (homepage of the Hungarian Coin Collectors' Society)
- aes.iupui.edu/rwise (pictures of Hungarian banknotes at Ron Wise's World Paper Money Homepage)
- Hungarian banknotes (high resolution pictures, also including old forint banknotes)
Preceded by: Hungarian pengő Reason: inflation Ratio: 1 forint = 4×1029 pengő |
Currency of Hungary 1 August 1946 – Concurrent with: adópengő until 30 September 1946 |
Succeeded by: Current |
Preceded by: Hungarian adópengő Reason: inflation Ratio: 1 forint = 2×108 adópengő |