About the AUD/HUF rate
The AUD/HUF rate is how many HUF one Australian dollar buys. It moves constantly with interest-rate expectations, commodity prices and global risk sentiment - see what moves the rate. Tradergy shows the mid-market reference rate and does not forecast where it’s heading. For the 52-week highs and lows and a daily table, see the AUD/HUF rate history.
Where else this pair appears: the reverse rate, HUF → AUD, is on the receiving Hungarian forint view, and sending Australian dollars to Hungary is covered on the AUD → HUF transfer page. Every AUD pair sits on the convert hub, and to work in more than one currency at once there is the currency converter.
Where the forint came from
The forint has a birthday. Preparations were completed on 31 July 1946 and the currency was introduced the next day, 1 August; the conversion rate had been announced on 27 July. The Magyar Nemzeti Bank's own history describes what it replaced in flat terms: the pengő's loss of value after the Second World War produced the largest depreciation in history.
The conversion rate the Bank's centenary volume records is easier to read in the smaller of its two forms. One forint equalled 200 million tax pengő. That unit was itself a response to the same collapse, introduced on 1 January 1946 as what the volume calls a new experiment, with its value tied to the retail price index so that contracts could be written at all; measured against the ordinary pengő the same volume puts it at ten to the power of twenty-nine. The Bank's own closing measure of the collapse needs no exponent at all: the entire pengő note issue standing in circulation in 1946 was worth one hundredth of a fillér once the forint existed.
The new currency was given something to hold on to. At introduction one forint equalled 0.07575 grams of fine gold, against a gold cover ratio set at 25 per cent, which had already reached 33.8 per cent by December 1946. The anchor is different now and considerably less physical: the Bank has targeted inflation continuously since August 2005, and since March 2015 the target has been 3 per cent as measured by the consumer price index, with deviations of up to one percentage point in either direction treated as consistent with price stability.
Sources: Magyar Nemzeti Bank, 70 Years of the Forint: Road from Hyperinflation to Price Stability · Magyar Nemzeti Bank, history of the institution · Magyar Nemzeti Bank, inflation targeting