Exchange Rate Now!

Currently, 1 Australian Dollar (AUD) trades at roughly 40 Afghan Afghani (AFN). As Afghanistan is still a country that is in a stabilising period, its currency is still undergoing an incubation period where the authorities are still trying to get its own population to store their wealth in Afghani (AFN) rather than in US Dollar.

Due to the volatility of the Afghan Afghani (AFN) and the uncertainty of Afghanistan as a whole, there is little trading activities in the Afghan Afghani (AFN) currency. Most exchange rates that involve the Afghani (AFN) is actually derived from the main exchange rate pair of AFN/USD.

Therefore, the exchange rate of AFN/AUD is actually derived (more…)

Since the US invasion of Afghanistan in 2001, the Afghan Afghani (AFN) has gained greater stability. Businessmen has been quoting their products in Afghan Afghani (AFN) and the population of Afghanistan in a large part has been using the Afghan Afghani in making payments too. Even donars like Japan, United States and the European Union has been pledging funds in Afghani.

The acceptance of the Afghan Afghani (AFN) is a demonstration of success in the financial stability of Afghanistan. There appears to be a greater willingness worldwide to use the Afghani as a medium of exchange and as a store of value. However, before you want to jump into trading Afghani (more…)

There is little activity in the exchange rate/forex market between Afghan Afghani (AFN)/Chinese Yuan (RMB). Therefore, you might not get an accurate and real-time figure of the actual exchange rate today online.

How such low volume currencies are usually calculated might be used through the usage of a 3rd party currency, like the US Dollar or the Japanese Yen. Mathematically, the underlying formula for the AFN/RMB exchange rate equates to (AFN/USD)/(RMB/USD). Practically, it is also difficult for you to exchange either of the currencies (Afghan Afghani (AFN)/Chinese Yuan (RMB) near the actual currency bid-ask spread. Expect high commissions from exchange rate traders as well as equally volatile quotations. It is advisable for you to first trade against a major and globally. And by the way, if you are really looking to exchange/trade such a currency pair, you could really be a handful of people who travel to/from either countries. In summary, almost impossible to get the best exchange rate possible.

After the US invasion of Afghanistan, Afghanistan still maintains excellent (more…)