UYU to HUF
Currency conversion rates from UYU to HUF
|1 UYU||1 HUF|
|5 UYU||5 HUF|
|10 UYU||10 HUF|
|20 UYU||20 HUF|
|50 UYU||50 HUF|
|100 UYU||100 HUF|
|250 UYU||250 HUF|
|500 UYU||500 HUF|
|1000 UYU||1000 HUF|
|2000 UYU||2000 HUF|
|5000 UYU||5000 HUF|
|10000 UYU||10000 HUF|
|1 HUF||1 UYU|
|5 HUF||5 UYU|
|10 HUF||10 UYU|
|20 HUF||20 UYU|
|50 HUF||50 UYU|
|100 HUF||100 UYU|
|250 HUF||250 UYU|
|500 HUF||500 UYU|
|1000 HUF||1000 UYU|
|2000 HUF||2000 UYU|
|5000 HUF||5000 UYU|
|10000 HUF||10000 UYU|
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.
- 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.
- 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.
UYU - Uruguayan Peso ($U)
The Uruguayan Peso is the official currency of Uruguay. The name has been in use since the European settlement. The present currency was adopted in 1993 and is subdivided into 100 centésimos.
The Uruguayan peso is the currency in Uruguay (UY, URY). The symbol for UYU can be written $U. The Uruguayan peso is divided into 100 centesimos. The exchange rate for the Uruguayan peso was last updated on May 22, 2019 from The International Monetary Fund. The UYU conversion factor has 6 significant digits.
- The economy of Uruguay is characterized by an export-oriented agricultural sector, a well-educated work force, and high levels of social spending.
- In 1603, cattle were introduced in Uruguay before its independence by Hernando Arias de Saveedra, the Spanish Governor of Buenos Aires. In 2006, beef accounted for about 37% of Uruguayan exports.
- Wool is a traditional product exported mainly to America, followed by the UK and India.
- Conaprole, the National Cooperative of Milk Producers, was the main exporter of dairy products in Latin America in 2006.
- Fine varieties of rice are produced in the eastern lowlands, close to Merin lake on the Uruguay-Brazil border.
- In 1828, Uruguay's currency was based on the silver Peso of eight reales, commonly known as the Patacon, and the gold onza de oro, valued at 16 pesos silver. A large quantity of debased copper coin also circulated.
- In October, 1828, lacking the means to implement a national coinage, Gen. Jose Rondeau’s provisional government permitted foreign silver and gold coin to circulate freely at their intrinsic value, but restricted and later (1829) prohibited the importing of copper coins and the circulation of Buenos Aires banknotes.
- A key characteristic of the currency is its instability, which increased in the spring of 2002.
- Uruguayans have become accustomed to the constant devaluation and instability of their currency, and have developed a fitting lingo – calling periods of Dollar appreciation atraso cambiario ("the exchange rate is running late").