Wednesday, January 18, 2017 2:02 PM
Currencies rates online for Canadian Dollar (CAD) to Hungarian Forint (HUF).
Forex data is updating every 5 minutes.
In order to convert currencies, please go to Hungarian Forint (HUF) to Canadian Dollar (CAD).
The currency converter uses the latest Forex exchange rates.
The Canadian dollar (symbol: $; currency code: CAD) is the official currency of Canada. To distinguish between it and other dollar-denominated currencies, the Canadian dollar is sometimes abbreviated as C$. One (1) Canadian dollar is equal to one hundred (100) cents.
The Canadian dollar is widely referred to by Canadians as the “loonie”, a term which forex traders and analysts also employ. This is due to the image of a loon on the one-dollar coin. The Canadian dollar is the fifth largest reserve currency in the world, behind the U.S. dollar, the euro, the Japanese yen and the pound sterling, and the seventh most traded currency in the forex market.
The Canadian dollar was preceded by the Canadian pound, which was introduced in 1841. A widespread need to adopt a decimal monetary system based on the U.S. dollar due to the proximity of the two countries and the increasing trading activities between the two lasted for years, before the Canadian dollar was eventually introduced in 1858. The Canadian Parliament passed the Uniform Currency Act in April 1871 to replace the currencies of all provinces with a common Canadian dollar.
The Hungarian forint (symbol: Ft; currency code: HUF) is the official currency of Hungary. One (1) forint is equal to one hundred (100) fillér, although the circulation of fillér coins ceased in 1999.
The forint is issued by the Hungarian National Bank.
The Hungarian currency derives its name from the Italian city of Florence. It was adopted as official currency on August 1, 1946. The forint remained relatively stable until its devaluation in the early 1990s, yet has been fully convertible since 2001.