06/05/2015: Pegged to the euro
The Bulgarian Lev officially became a currency pegged to the euro, maintaining a fixed exchange rate, on May 6, 2015.
09/03/2012: Introduction of New Banknotes
Hungary introduced new banknotes with enhanced security features, aiming to combat counterfeiting and improve the forint's credibility.
23/10/2008: Global Financial Crisis
The global financial crisis had a significant impact on the Hungarian forint, resulting in a significant depreciation against major foreign currencies.
01/05/2004: Accession to the European Union
Hungary joined the European Union, bringing the forint closer to the eurozone and influencing its future trajectory as an EU currency.
01/01/2002: Replacement of notes and coins
New series of notes and coins for the Bulgarian Lev were introduced, replacing the previous designs on January 1, 2002.
28/02/2001: Currency Exchange Rate Stability
The Hungarian government adopted a policy of maintaining a stable exchange rate for the forint against the euro, contributing to the currency's stability.
01/07/1999: Currency board arrangement
Bulgaria implemented a currency board arrangement, fixing the Bulgarian Lev to the euro at a rate of 1.95583 on July 1, 1999.
16/06/1989: Transition to a Market Economy
Hungary implemented economic reforms, including the transition from a planned economy to a market economy, with significant impacts on the forint's value and exchange rate.
15/09/1962: Introduction of the New Lev
The New Lev was introduced as a new currency in Bulgaria, replacing the Lev A, on September 15, 1962.
01/12/1952: Lev replaced by Lev A
The Bulgarian Lev was replaced by a new currency named Lev A on December 1, 1952 as a result of currency reform.
20/08/1949: Forint becomes a planned economy currency
Hungary's currency, including the forint, became part of the planned socialist economy under the control of the Hungarian Workers' Party.
03/08/1946: Introduction of the Forint
The forint was introduced as the official currency of Hungary, replacing the previous pengő, which had been severely devalued during World War II.
14/10/1923: Hyperinflation
Bulgaria experienced severe hyperinflation, causing the value of the Lev currency to plummet during the period from 1923 to 1924.
01/04/1881: Introduction of the Lev
The Bulgarian Lev currency was introduced as the official currency of Bulgaria on April 1, 1881.