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Main article: "Coins of the Hungarian forint

In 1946, coins were introduced in denominations of 2, 10, 20 fillérs and 1, 2, 5 forints. The silver 5 forint was reissued only in the next year, later it was withdrawn from circulation. 5 and 50 fillérs coins were issued in 1948. In 1967, a 5 forint coin was reintroduced, followed by a 10 forint in 1971 and 20 forint in 1982.

In 1992, a new series of coins was introduced in denominations of 1, 2, 5, 10, 20, 50, 100 and (a somewhat different, 500" silver) 200 forint. Production of the 2 and 5 fillér coins ceased in 1992, with all fillér coins withdrawn from circulation by 1999. From 1996, a "bicolor 100 forint coin was minted to replace the 1992 version, since the latter was considered too big and ugly, and could be easily mistaken for the 20 forint coin.

Silver 200 forint coins were withdrawn in 1998 (due to their nominal value getting too low compared to their precious metal content), the 1 and 2 forint coins remained in circulation until 29 February 2008.[6] The sum of total purchases is rounded to the nearest 5 forint (to 0 or to 5) when paid with cash.[7] A new 200 forint coin[8] made of base metal alloy was introduced in place of the 200 forint bank note on 15 June 2009.

Banknotes[edit]

Banknotes of the Hungarian forint

In 1946, 10 and 100 forint notes were introduced by the Magyar Nemzeti Bank (Hungarian National Bank). A new series of higher quality banknotes (10, 20 and 100 forint) were introduced in 1947–48. 50 forint notes were added in 1953, 500 forint notes were introduced in 1970, followed by 1000 forint in 1983, 5000 forint in 1991.

A completely redesigned new series of 200, 500, 1000, 2000, 5000, 10,000 and 20,000 forint was introduced gradually between 1997 and 2001. Each banknote depicts a famous Hungarian leader or politician on the obverse and a place or event related to him on the reverse. All of the banknotes are "watermarked, contain an embedded vertical security strip and suitable for the visually impaired people. The 1000 forint and higher denominations are protected by an interwoven "holographic security strip. The notes share the common size of 154 × 70 mm. The banknotes are printed by the Hungarian Banknote Printing Corp. in Budapest on the paper manufactured by the Diósgyőr Papermill in "Miskolc.

Commemorative banknotes were also issued recently: 1000 and 2000 forint notes to commemorate the millennium (in 2000) and 500 forint note to commemorate the 50th anniversary of the "1956 revolution (in 2006).

Forgery of forint banknotes is not significant. However, forged 20 000 forint notes printed on the paper of 2000 forint notes after dissolving the original ink might come up and are not easy to recognize. Another denomination preferred by counterfeiters was the 1000 forint note until improved security features were added in 2006.

List of current banknotes[edit]

All banknotes are 154 × 70 mm in size.

Current series
Value Image Main Colour Description First Series Latest Series
Obverse Reverse Obverse Reverse
500 Ft ""HUF 500 2009 obverse.png ""HUF 500 2009 reverse.png Orange and brown prince sovereign "Francis II Rákóczi Castle of "Sárospatak Series 1998 Series 2013
1000 Ft ""HUF 1000 2009 obverse.png ""HUF 1000 2009 reverse.png Blue King "Matthias Corvinus the Hercules Fountain from the Castle of "Visegrád Series 1998 Series 2015
2000 Ft ""HUF 2000 2009 obverse.png ""HUF 2000 2009 reverse.png Brown prince sovereign "Gabriel Bethlen "Viktor Madarász painting "Gábor Bethlen among his scientists" Series 1998 Series 2013
5000 Ft ""HUF 5000 2009 obverse.png ""HUF 5000 2009 reverse.png Violet and green count "István Széchenyi the "Széchenyi Mansion in "Nagycenk Series 1999 Series 2009
10000 Ft ""10000 HUF 2014 ob.jpg ""10000 HUF 2014 rev.jpg Red and blue King "Stephen I view of "Esztergom Series 1997 Series 2014
20,000 Ft ""20000 HUF 2015 ob.png ""20000 HUF 2015 rev.png Grey and reddish "Ferenc Deák the old House of Representatives in "Pest Series 2001 Series 2015

Current exchange rates[edit]

Current HUF exchange rates
From Google Finance: AUD CAD CHF EUR GBP HKD JPY USD CNY
From Yahoo! Finance: AUD CAD CHF EUR GBP HKD JPY USD CNY
From XE: AUD CAD CHF EUR GBP HKD JPY USD CNY
From OANDA: AUD CAD CHF EUR GBP HKD JPY USD CNY
From fxtop.com: AUD CAD CHF EUR GBP HKD JPY USD CNY

Historic rates[edit]

See also[edit]

References[edit]

  1. ^ Központi Statisztikai Hivatal
  2. ^ BBC News Hungary lifts last currency restrictions. 18 June 2001
  3. ^ "Hungary's New Notes Speak of Late Conversion to Euro". The Wall Street Journal. 1 September 2014. Retrieved 24 May 2015. 
  4. ^ "HUNGARY'S ECONOMY MINISTER SEES POSSIBILITY FOR ADOPTING EURO BY 2020 – UPDATE". Daily News Hungary. 3 June 2015. 
  5. ^ "Hungary mulls euro adoption by 2020". BR-epaper. 19 July 2016. 
  6. ^ [1] 1 and 2 forint coins are withdrawn from use from 1 March 2008.
  7. ^ [2] The sum of total purchases is rounded
  8. ^ [3] The new 200 forint coin

Further reading[edit]

External links[edit]

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
) )