currency - Diplomacy & Trade https://dteurope.com Monthly in print | Daily on the web Sat, 01 Aug 2026 22:57:06 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://dteurope.com/wp-content/uploads/cropped-dt_favicon-32x32.png currency - Diplomacy & Trade https://dteurope.com 32 32 The Hungarian Currency, the Forint 80 Years Old https://dteurope.com/anniversary/the-hungarian-currency-the-forint-80-years-old/ Sat, 01 Aug 2026 09:55:00 +0000 https://dteurope.com/?p=81052 The forint was introduced in Hungary on August 1, 1946. The issuance of the new currency was necessitated by the pengő’s incredible rate of inflation following World War II — a level of inflation unprecedented in world history. The forint entered circulation in Hungary on August 1, 1946. By that year, the pengő due to […]

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]]> Support for Joining Euro Zone Exceptionally High in Hungary https://dteurope.com/economy/support-for-joining-euro-zone-exceptionally-high-in-hungary/ Sat, 27 Jun 2026 10:57:00 +0000 https://dteurope.com/?p=80440 Support for joining the euro zone is exceptionally high, at around 70-75%, in Hungary, Prime Minister Péter Magyar said following talks with Eurogroup president Kyriakos Perrakakis in Budapest on Friday. Among member states outside the euro zone, Hungary has the high level of support for joining, the Prime Minister added. "This has not always been […]

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]]> Hungarians Keep a Lot of Domestic Currency in Cash https://dteurope.com/economy/hungarians-keep-a-lot-of-domestic-currency-in-cash/ Mon, 14 Aug 2023 15:32:00 +0000 https://dteurope.com/?p=66780 The MNB's statistical balance sheet for July is out: cash holdings have fallen, foreign claims and government deposits have risen, and the banking system is holding good reserves. The average stock of cash in circulation continued to fall in July, according to fresh data from the National Bank of Hungary (MNB). There is HUF 19.6 […]

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]]> Hungarian Companies Want a Stable Forint https://dteurope.com/economy/hungarian-companies-want-a-stable-forint/ Mon, 20 Mar 2023 08:21:00 +0000 https://dteurope.com/?p=62435 Hungarian business leaders say they do not want a strong or weak exchange rate, but stability, according to an analysis by the financial news site portfolio.hu. The exchange rate of the Hungarian currency, the forint (HUF) against major currencies like the euro or the US dollar has been helped by high interest rates, but business […]

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]]> Hungarian Currency Further Loses Value in 2021 https://dteurope.com/finance/hungarian-currency-loses-value-in-2021/ Sun, 02 Jan 2022 11:52:00 +0000 https://dteurope.com/?p=46453 The Hungarian forint (HUF) weakened in 2021: by 1.3% against the euro (EUR), 9.3% against the American dollar (USD) and 6.0% against the Swiss franc (CHF). On December 31, the forint ended the year at 368.87 forints against the euro and 324.48 forints against the American dollar, while the Swiss franc stood at 355.55 forints. […]

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]]> Harsh Decades of the Forint https://dteurope.com/analysis/harsh-decades-of-the-forint/ Sat, 11 Sep 2021 11:43:00 +0000 https://dteurope.com/?p=43311 It was on August 1, 1946 that the National Bank of Hungary introduced a new currency, the Forint. The move came as after World War II, Hungary experienced the largest inflation to that date in world history. The new currency was issued to deal with a situation that had become unmanageable. Seventy-five is not a […]

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]]> New Currency in Hajdúnánás https://dteurope.com/commerce/new-currency-in-hajdunanas/ Sat, 30 Jan 2021 13:06:28 +0000 https://dteurope.com/?p=31775 Local currencies used in parallel with the Hungarian Forint (HUF) are the tools of rural settlements to stimulate the local economy, keep money in place and keep jobs. Perhaps the most successful example of this today is the Bocskai Crown (BK) from Hajdúnánás. The mayor of the northeastern Hungarian town, Tibor Szólláth told the business […]

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]]> Hungarian Currency Rate at Five-Month Low https://dteurope.com/economy/hungarian-currency-rate-at-five-month-low/ Mon, 21 Sep 2020 16:19:00 +0000 https://dteurope.com/?p=24704 With the intensification of the second wave of the coronavirus and the pricing of local closures spreading again in Europe, the international investor sentiment deteriorated significantly on Monday, which also dragged the Hungarian forint with it after the opening around 360 against the euro. As portfolio.hu reports, already in the morning the forint fell to […]

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