HUF to UYI

HUF - Hungarian Forint (Ft)
UYI - Uruguayan Peso (Indexed Units) (UYI)
1 HUF1 UYI

Currency conversion rates from HUF to UYI

HUFUYI
1 HUF1 UYI
5 HUF5 UYI
10 HUF10 UYI
20 HUF20 UYI
50 HUF50 UYI
100 HUF100 UYI
250 HUF250 UYI
500 HUF500 UYI
1000 HUF1000 UYI
2000 HUF2000 UYI
5000 HUF5000 UYI
10000 HUF10000 UYI
UYIHUF
1 UYI1 HUF
5 UYI5 HUF
10 UYI10 HUF
20 UYI20 HUF
50 UYI50 HUF
100 UYI100 HUF
250 UYI250 HUF
500 UYI500 HUF
1000 UYI1000 HUF
2000 UYI2000 HUF
5000 UYI5000 HUF
10000 UYI10000 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.

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UYI - ()

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