The Forint is the official currency of Hungary, introduced in 1946. It is abbreviated as HUF and is subdivided into 100 fillér, although fillér coins are no longer in circulation. The Forint is managed by the Hungarian National Bank, which regulates its value and supply. The Forint is used for everyday transactions in Hungary, including shopping, dining, and services. It is important for both locals and tourists to understand the currency's exchange rates, especially when converting from other currencies like the Euro or US Dollar.