HUF

DEFINITION of 'HUF'

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 that were minted in the city of Florence in the middle ages.

BREAKING DOWN 'HUF'

The Forint was first seen with its present name in Hungary in 1325. This currency was used throughout the middle ages and also 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; it may be wholly replaced by the Euro after 2012.