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.

RELATED TERMS
  1. Currency Symbol

    A graphical symbol used as a substitute for the actual name of ...
  2. Hard-Coded Stock

    This is a term that refers to a company's stock symbol or ticker ...
  3. USD (United States Dollar)

    The currency abbreviation for the United States dollar (USD), ...
  4. JPY

    The currency abbreviation or the currency symbol for the Japanese ...
  5. JPY (Japanese Yen)

    The currency abbreviation or the currency symbol for the Japanese ...
  6. Mint

    The primary producer of a country's coin currency. The mint has ...
Related Articles
  1. Investing

    5 Emerging Markets Currencies to Consider in 2016

    Take a look at five emerging market currencies that could show strength in 2016, despite expectations that most emerging economies will continue to struggle.
  2. Insights

    Hungary First Emerging Market to Adopt NIRP

    On Tuesday, the National Bank of Hungary cut its overnight deposit rate to -0.05%, becoming the sixth central bank to charge banks to deposit money with it.
  3. Trading

    Keeping Securities Clear With Ticker Symbols

    A ticker symbol is a group of characters that represent a specific, publicly traded security that’s listed on an exchange.
  4. Investing

    5 Best Bets For Buying Gold

    Gold is a desirable alternative for those looking to diversify risk. Discover your options.
  5. Trading

    Understanding The 2010 Options Symbology

    There is a wealth of information in the expanded option symbols, but they should make things easier for traders.
  6. Trading

    The History Of Money: From Barter To Banknotes

    Money has been a part of human history for at least 3,000 years. Learn how it evolved.
  7. Financial Advisor

    Worst Hyperinflations in History

    Here are the three worst episodes of hyperinflation in history. Each makes Venezuela's current inflation crisis seem modest in comparison.
  8. Trading

    History Of Coinage In The U.S.

    From the barter system to commemorative coins, we look at the history of U.S. money.
  9. Insights

    How Currency Works

    Currency offers key advantages over economies based on direct trade. It provides sellers with a broader market for their goods and services. It is also a durable asset for people to accumulate ...
RELATED FAQS
  1. Why is the U.S. dollar shown on the top of some currency pairs and on the bottom ...

    All currencies are traded in pairs. The first currency in the pair is called the base currency while the second is called ... Read Answer >>
  2. What are some historic examples of hyperinflation?

    Learn how skyrocketing prices can result in an economy spiraling into hyperinflation, as happened in Germany, Zimbabwe and ... Read Answer >>
  3. Is there a world currency? If so, what is it?

    There is no such thing as a world currency. However, since World War II, the dominant or reserve currency of the world has ... Read Answer >>
  4. Do hedge funds have ticker symbols?

    Discover whether or not hedge funds have ticker symbols, where you can find ticker symbols and the significance of a ticker ... Read Answer >>
  5. Why isn't the EUR/USD currency pair quoted as USD/EUR?

    In a currency pair, the first currency in the pair is called the base currency and the second is called the quote currency. ... Read Answer >>
Hot Definitions
  1. Federal Direct Loan Program

    A program that provides low-interest loans to postsecondary students and their parents. The William D. Ford Federal Direct ...
  2. Cash Flow

    The net amount of cash and cash-equivalents moving into and out of a business. Positive cash flow indicates that a company's ...
  3. PLUS Loan

    A low-cost student loan offered to parents of students currently enrolled in post-secondary education. With a PLUS Loan, ...
  4. Graduate Record Examination - GRE

    A standardized exam used to measure one's aptitude for abstract thinking in the areas of analytical writing, mathematics ...
  5. Graduate Management Admission Test - GMAT

    A standardized test intended to measure a test taker's aptitude in mathematics and the English language. The GMAT is most ...
  6. Magna Cum Laude

    An academic level of distinction used by educational institutions to signify an academic degree which was received "with ...
Trading Center