HUF (Hungarian Forint)

AAA

DEFINITION of 'HUF (Hungarian Forint)'

The currency abbreviation or currency symbol for the Hungarian forint (HUF), the currency for Hungary. The forint is made up of 100 filler and is often presented with the symbol Ft. The forint gets its name from gold coins called fiorino d'oro, which were minted in the city of Florence in the middle ages.

INVESTOPEDIA EXPLAINS 'HUF (Hungarian Forint)'

The forint was first seen with its present name in Hungary in 1325. This currency was used throughout the middle ages and the Renaissance, emerging as the currency used by the Austro-Hungarian Empire. It was discontinued after World War I and then reactivated in 1946 by the Hungarian Communist Party. The future of the forint is uncertain, as it may be wholly replaced by the euro after 2012.

RELATED TERMS
  1. Quote Currency

    The second currency quoted in a currency pair in forex. In a ...
  2. Base Currency

    The first currency quoted in a currency pair on forex. It is ...
  3. Currency Pair

    The quotation and pricing structure of the currencies traded ...
  4. Forex Futures

    An exchange-traded contract to buy or sell a specified amount ...
  5. Authorized Forex Dealer

    Any type of financial institution that has received authorization ...
  6. Currency

    A generally accepted form of money, including coins and paper ...
Related Articles
  1. A Primer On The Forex Market
    Options & Futures

    A Primer On The Forex Market

  2. Currency Exchange: Floating Rate Vs. ...
    Forex Education

    Currency Exchange: Floating Rate Vs. ...

  3. Forex: Wading Into The Currency Market
    Forex Education

    Forex: Wading Into The Currency Market

  4. Top 7 Questions About Currency Trading ...
    Forex Education

    Top 7 Questions About Currency Trading ...

comments powered by Disqus
Hot Definitions
  1. Walras' Law

    An economics law that suggests that the existence of excess supply in one market must be matched by excess demand in another ...
  2. Market Segmentation

    A marketing term referring to the aggregating of prospective buyers into groups (segments) that have common needs and will ...
  3. Effective Annual Interest Rate

    An investment's annual rate of interest when compounding occurs more often than once a year. Calculated as the following: ...
  4. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  5. Odious Debt

    Money borrowed by one country from another country and then misappropriated by national rulers. A nation's debt becomes odious ...
  6. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the ...
Trading Center