BSHIB to HUF Converter and calculator


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Convert BSHIB to HUF
Convert HUF to BSHIB
BSHIB to HUF chart
BSHIB to HUF conversion data: Volatility and price changes of Based Shiba Inu in HUF
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.003992 HUF | 0.003992 HUF | 0.005594 HUF | 0.008775 HUF |
Low | 0.003800 HUF | 0.003204 HUF | 0.002631 HUF | 0.002580 HUF |
Average | 0 HUF | 0 HUF | 0 HUF | 0 HUF |
Volatility | % | % | % | % |
Change | -1.76% | +12.37% | -16.35% | -55.13% |
Based Shiba Inu information
BSHIB to HUF market statistics
Current BSHIB to HUF exchange rate
Based Shiba Inu to Hungarian Forint is rising this week.More info about Based Shiba Inu on Bitget
Hungarian Forint information
About the Hungarian Forint (HUF)
What Is the Hungarian Forint (HUF)?
The Hungarian Forint (HUF), symbolized as Ft, is the national currency of Hungary. It was introduced in 1946 to stabilize the Hungarian economy after World War II, replacing the pengő which had suffered from extreme hyperinflation. The Hungarian Forint is the sole legal tender in Hungary.
The Hungarian Forint is issued and managed by the Hungarian National Bank, known in Hungarian as Magyar Nemzeti Bank. This central bank of Hungary is responsible for maintaining the stability of the national currency, controlling its circulation, and implementing monetary policy in alignment with the country's economic objectives. The Hungarian National Bank plays a crucial role in the financial system of Hungary, including the issuance of banknotes and coins in various denominations of the Forint.
What Is the History of HUF?
The Forint’s name originates from the city of Florence, where gold coins, known as fiorino d'oro, were minted from 1252. Hungary adopted a similar gold-based currency, the Florentinus, under Charles Robert in 1325. The forint was also the currency of the Austro-Hungarian Empire between 1868 and 1892. The modern Forint was reintroduced on August 1, 1946, replacing the pengő, which had suffered from severe hyperinflation post-World War II.
Notes and Coins of HUF
Hungarian banknotes are issued in denominations of 500, 1000, 2000, 5000, 10,000, and 20,000 forints, each featuring prominent Hungarian historical figures and landmarks. Coins come in 5, 10, 20, 50, 100, and 200 forint denominations. The Forint was initially subdivided into 100 fillér, but these coins were phased out due to inflation.
Economic Stability and Exchange Rates
The economic stability of the Hungarian Forint (HUF) has been a journey of significant transformation, especially since the fall of communism and Hungary's transition to a market economy. In the early 1990s, this shift brought about considerable inflation, peaking at 35% in 1991. However, the subsequent years saw a stabilization effort, with inflation dropping to single digits between 2001 and 2022. This period of relative stability was disrupted in February 2023 when inflation climbed to 25.80%, influenced by global economic factors such as the war in Ukraine and broader economic uncertainties. Despite these challenges, the Forint has maintained its status as a fully convertible currency, crucial for Hungary's trade and economic relations.
The exchange rate of the Hungarian Forint has seen fluctuations reflective of both domestic economic policies and global financial trends. As Hungary is a member of the European Union but has not adopted the Euro, the Forint’s value against the Euro and other major currencies like the U.S. dollar is a critical economic indicator
Why Doesn’t Hungary Use the Euro?
Hungary has not adopted the Euro for several reasons, despite initial plans to do so. Initially, Hungary aimed to replace the Hungarian Forint with the Euro around 2007 or 2008, later targeting January 1, 2010. However, these plans were abandoned due to high budget deficits, inflation, and public debt, preventing Hungary from meeting the Maastricht criteria. The global financial crisis of 2008 further complicated matters, despite aid from the IMF, EU, and World Bank. The Fidesz government, elected in 2010, has shown a soft Eurosceptic stance, maintaining the Forint and postponing discussions about adopting the Euro. Prime Minister Viktor Orbán stated that Euro adoption would not be considered until Hungary's public debt reached a 50% threshold, a significant reduction from its level in 2011.
Additionally, broader reasons why some EU countries, including Hungary, choose not to adopt the Euro involve maintaining financial independence. This independence allows for control over key issues like setting monetary policy, handling national debt, modulating inflation, and the ability to devalue the currency in certain circumstances. The European Central Bank sets economic and monetary policies for all Eurozone nations, which means individual states lack the independence to craft policies tailored to their own conditions. This lack of economic independence and the desire to maintain control over national financial policies contribute to Hungary's decision to retain the Forint instead of adopting the Euro.
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BSHIB to HUF Conversion tables
Amount | 16:01 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 BSHIB | Ft0.001903 | Ft0.001937 | -1.76% |
1 BSHIB | Ft0.003805 | Ft0.003874 | -1.76% |
5 BSHIB | Ft0.01903 | Ft0.01937 | -1.76% |
10 BSHIB | Ft0.03805 | Ft0.03874 | -1.76% |
50 BSHIB | Ft0.1903 | Ft0.1937 | -1.76% |
100 BSHIB | Ft0.3805 | Ft0.3874 | -1.76% |
500 BSHIB | Ft1.9 | Ft1.94 | -1.76% |
1000 BSHIB | Ft3.81 | Ft3.87 | -1.76% |
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