forint

[fawr-int]

noun

1. an aluminum coin and the monetary unit of Hungary, equal to 100 fillér. F., Ft.

forint

/ ˈforint /

noun

1. the standard monetary unit of Hungary, divided into 100 fillér

Word History and Origins

Origin of forint¹

1945–50; < Hungarian < Italian fiorino. See florin

Word History and Origins

Origin of forint¹

from Hungarian, from Italian fiorino _florin

Example Sentences

The bank launched the emergency one-day deposit rate, the highest in the European Union, in October to shore up the falling forint amid a surge in inflation.

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"Incarcerating foreign nationals costs Hungarian prisons billions of forints each year," the BvOP press office said in its emailed reply.

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The Hungarian forint weakened more than 40% against the U.S. dollar and over 20% against the euro last year, making the costs of imports — and thus prices off the shelf — much higher, Virovacz said.

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That could put the focus on Hungary, which has the European Union's highest base interest rate at 13%, and an 18% quick deposit rate to underpin the forint and fight inflation.

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Hungary’s economy slowed to a technical recession in the fourth quarter of 2022, while its forint currency has lost 7.5% against the euro and 15% against the dollar in the last year.

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