The unit of currency in Hungary is the Hungarian Forint, denoted by the symbol "Ft". The Forint has been the official currency of Hungary since 1946, replacing the previous currency, the Hungarian pengő. The Forint is subdivided into 100 fillér, although fillér coins are no longer in circulation due to inflation.

The Hungarian Forint is issued and regulated by the Hungarian National Bank, which is the central bank of Hungary. The bank is responsible for setting monetary policy, controlling inflation, and maintaining the stability of the Forint. The bank also manages Hungary's foreign exchange reserves and plays a crucial role in the country's financial system.

As of [current date], the exchange rate for the Hungarian Forint is approximately [exchange rate] Forints to 1 US Dollar. The value of the Forint can fluctuate daily based on economic factors, such as inflation rates, interest rates, and political stability. It is important for travelers to keep an eye on the exchange rate when visiting Hungary to ensure they are getting the best value for their money.

If you are planning a trip to Hungary or doing business in the country, it is essential to familiarize yourself with the Hungarian Forint and how it is used in daily transactions. You can find more information about the currency, including current exchange rates and historical data, on the website of the Hungarian National Bank: https://www.mnb.hu/en.

Overall, the Hungarian Forint is an integral part of Hungary's economy and plays a vital role in the country's financial system. Whether you are a tourist visiting Budapest or a business owner conducting trade in Hungary, understanding the Forint and its value is essential for navigating the local economy.

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