Swiss Franc country flag

Swiss Franc

CHF

CHF
Hungarian Forint country flag

Hungarian Forint

HUF

Ft
Swiss Franc
The Swiss franc or simply the franc, (currency code: CHF; symbols: Fr. and fr.) is the currency and legal tender of Switzerland and Liechtenstein. It is also legal tender in the Italian exclave of Campione d'Italia, which is surrounded by Swiss territory. The Swiss National Bank (SNB) issues the banknotes, and the federal mint Swissmint issues the coins. The ISO 4217 currency code, CHF, is derived from Confoederatio Helvetica, the official name of Switzerland in Latin; this is used due to the multilingual nature of Switzerland. "CHF" is sometimes also used internationally in place of a symbol. Each franc is divided into one hundred subunits, known as Rappen (Rp.) in German, centime (c.) in French, centesimo (ct.) in Italian, and rap (rp.) in Romansh. The official symbols Fr. (in German) and fr. (in the Romance languages) are widely used by businesses and advertisers, including in English. However, according to Art. 1 SR/RS 941.101 of the federal law collection, the internationally official abbreviation – regardless of national languages – is CHF; respective guides also request that the ISO 4217 code be used. The use of the abbreviations SFr. and fr.sv. are obsolete.
Hungarian Forint
The forint (sign Ft; code HUF) is the currency of Hungary. It was formerly divided into 100 fillér, but fillér coins are no longer in circulation. The introduction of the forint on 1 August 1946 was a crucial step in the post-World War II stabilisation of the Hungarian economy, and the currency remained relatively stable until the 1980s. Transition to a market economy in the early 1990s adversely affected the value of the forint; inflation peaked at 35% in 1991. Between 2001 and 2022, inflation was in single digits, and the forint has been declared fully convertible. In May 2022, inflation reached 10.7% amid the Russian invasion of Ukraine and economic uncertainty. As a member of the European Union, the long-term aim of the Hungarian government may be to replace the forint with the euro, although under the Orbán governments there was no target date for adopting the euro.