HUF to ERN

HUF - Hungarian Forint (Ft)
ERN - Eritrean Nakfa (Nfk)
1 HUF1 ERN

Currency conversion rates from HUF to ERN

HUFERN
1 HUF1 ERN
5 HUF5 ERN
10 HUF10 ERN
20 HUF20 ERN
50 HUF50 ERN
100 HUF100 ERN
250 HUF250 ERN
500 HUF500 ERN
1000 HUF1000 ERN
2000 HUF2000 ERN
5000 HUF5000 ERN
10000 HUF10000 ERN
ERNHUF
1 ERN1 HUF
5 ERN5 HUF
10 ERN10 HUF
20 ERN20 HUF
50 ERN50 HUF
100 ERN100 HUF
250 ERN250 HUF
500 ERN500 HUF
1000 ERN1000 HUF
2000 ERN2000 HUF
5000 ERN5000 HUF
10000 ERN10000 HUF

ERN - Eritrean Nakfa (ERN)

Eritrean Nakfa

The Eritrean Nakfa is the currency in Eritrea (ER, ERI). The symbol for ERN can be written Nfa. The Eritrean Nakfa is divided into 100 cents. The exchange rate for the Eritrean Nakfa was last updated on May 24, 2019 from Yahoo Finance. The ERN conversion factor has 4 significant digits.

More information about ERN - Eritrean Nakfa (ERN)


HUF - Hungarian Forint (Ft)

The Hungarian forint is the official currency of Hungary, and has been in circulation since 1946. The code for the forint is HUF and the symbol is Ft. Its conversion factor has 6 significant digits, and it is a fiat currency.

The Forint is the official currency of Hungary, and is issued by the Hungarian National Bank. The modern Forint was introduced in 1946, after the second world war. The Forint was subdivided into 100 fillér, but fillér coins are no longer in circulation. The long-term goal of the Hungarian government is to replace the Forint with the Euro, although this transition has been delayed due to current economic issues.

The Hungarian Forint is the currency in Hungary (HU, HUN). The symbol for HUF can be written Ft. The exchange rate for the Hungarian Forint was last updated on January 18, 2019 from The International Monetary Fund. The HUF conversion factor has 6 significant digits.

Economy

  • Hungary has made a successful shift to a market economy after the first multi-party elections were held in 1990. Before the fall of the Communist regime in 1989, its economy was centrally planned.
  • Since 1990, foreign ownership and foreign investment have become commonplace, and Hungary receives about a third of the foreign investment flowing into the Central European area.
  • Production in Hungary has shifted from lower-value textiles and food products to higher-value sectors such as luxury vehicle production, renewable energy, tourism, and information technology. Over 60% of Hungary’s exports are related to machinery and equipment.
  • In recent years, Hungary has required financial assistance from world bodies such as the IMF and World Bank to service its large public debt. As one consequence, Hungary has delayed adopting the euro until 2020.

History

  • The name Forint has its origin in coins minted in Florence in 1252, called Fiorino d’oro.
  • Forint banknotes and fillér coins were introduced and circulated in August 1946, as a crucial step in the stabilization of the country after World War II.
  • Inflation (especially during the late 1980s) made fillér coins irrelevant, and they were removed from circulation in 1996. Coins continue to be minted in Forint denominations.
  • The Forint became fully convertible in 2001 after the high inflation of the 1990s when Hungary transitioned to a market economy.

More information about HUF - Hungarian Forint (Ft)