HUF to JPY

HUF - Hungarian Forint (Ft)
JPY - Japanese Yen ()
1 HUF1 JPY

Currency conversion rates from HUF to JPY

HUFJPY
1 HUF1 JPY
5 HUF5 JPY
10 HUF10 JPY
20 HUF20 JPY
50 HUF50 JPY
100 HUF100 JPY
250 HUF250 JPY
500 HUF500 JPY
1000 HUF1000 JPY
2000 HUF2000 JPY
5000 HUF5000 JPY
10000 HUF10000 JPY
JPYHUF
1 JPY1 HUF
5 JPY5 HUF
10 JPY10 HUF
20 JPY20 HUF
50 JPY50 HUF
100 JPY100 HUF
250 JPY250 HUF
500 JPY500 HUF
1000 JPY1000 HUF
2000 JPY2000 HUF
5000 JPY5000 HUF
10000 JPY10000 HUF

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)


JPY - Japanese Yen (¥)

The Japanese yen, one of the strongest currencies in the world, is the official currency of Japan. It is the third most traded currency and is also used as a reserve currency for the British pound sterling and the US dollar. It is a fiat currency.

The Japanese Yen is the official currency of Japan. It is the third most traded currency in the foreign exchange market after the United States Dollar and the Euro. The Japanese Yen is also widely used as a reserve currency after the US Dollar, Euro, and British Pound.

The Japanese Yen is the currency in Japan (JP, JPN, JAP). The Japanese Yen is divided into 100 sen. The exchange rate for the Japanese Yen was last updated on Today from The International Monetary Fund. The JPY conversion factor has 6 significant digits.

Economy

  • Japan has a strong industrial base and is home to some of the biggest and most technologically advanced producers of motor vehicles, electronics, machinery, steel and nonferrous metals, ships, chemicals, textiles, and processed foods.
  • Agricultural enterprises use 13 per cent of the land, and Japan accounts for nearly 15 percent of the global fish catch, second only to China.
  • As of 2010, Japan’s labor force consisted of about 65.9 million workers. Japan has a low unemployment rate of around 4%.
  • In 2007 almost one in six, or 20 million, Japanese people were living in poverty.
  • Housing in Japan is subject to the limited supply of available land in urban areas.

History

  • The Japanese Yen was officially adopted by the Meiji government on May 10, 1871. The new currency was gradually introduced from July of that year.
  • The Tokugawa Japanese Yen currency replaced a complex monetary system of the Edo period based on the mon.
  • The yen, basically a unit of the United States Dollar, originated like all Dollars from Spanish pieces of eight.

More information about JPY - Japanese Yen (¥)