european country
If you enter the history of Europe, you will find a list of many economically and politically prosperous countries. Hungary is one of these countries. Budapest, the capital of Hungary, is known all over the world for its architecture and music. The history of Hungary can be written as before and after the Second World War. Its currency is also ahead but do you know that Indian Rupee is almost 4 times stronger than this European country. Let us tell you in detail about the story of Hungary and its heritage. Also let us compare its currency with the Indian Rupee.
The history of Hungary is hundreds of years old. It developed in the Middle Ages after the arrival of Magyar tribes and later became an important player in Central Europe due to the Austro-Hungarian Empire. Classical music, literature and intellectual life gave Hungary a rich cultural heritage. This heritage is still visible today in the museums, grounds and universities of Budapest.
World War II and Hungary
Hungary was involved in World War II. Hungary’s role during the Second World War was complex. Initially, Hungary maintained treaties and cooperation with Germany. But towards the end of the war in 1944, Nazi Germany occupied Hungary and in the same year, large-scale persecution and attacks against the Jewish community in Hungary intensified. The fascist-leftist Arrow Cross government took power from October 1944 to March 1945, and the events of the war and humanitarian disaster reached their peak. Information about these events is available in detail in the Holocaust Encyclopedia.
Story of inflation and currency
After the war, Hungary suffered severe inflation. Inflation reached its peak in the country and to stabilize it, a new currency, the Hungarian Forint, was introduced on 1 August 1946. The forint is still the legal tender of Hungary and is managed by the Hungarian National Bank. Hungary joined the European Union in 2004. However, it has not yet taken the step to adopt the euro.
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Hungarian business and trade
If we talk about the current Hungarian economy, it is largely export-based. Data from the European Union and the World Bank show that Hungary’s exports have the highest share in GDP. There is presence of big foreign invested companies in this too, especially in the automobile and electronics sectors. Hungary has seen growth in production and exports since the 2000s. But it has also been in disputes from time to time with European institutions over political and judicial policies.
Hungarian currency and Indian rupee
The currency of Hungary is Forint. The exchange level of the forint has been changing over time, the HUF-INR average and daily fluctuation data in 2025 shows that 1 HUF = 0.240.28 INR. That is, as of now, the Indian currency is almost 4 times stronger than that of Hungary.