Afghan Afghani (AFN) and US Dollar (USD)
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 (currency fluctuations for Afghani is much higher and volatile still), note that the Afghani (AFN) is still not a commonly traded currency. As such, you might not find a ready and liquid market that can do a trade in Afghani. Even getting the latest actual exchange rate in Afghani is challgening, let alone changing your money into Afghani if you are a tourist or a student on exchange program to Afghanistan.
Due to the high US involvement in Afghanistan, the most commonly traded currency against the Afghani is the US Dollar. The best exchange rate is probably obtained in Afghanistan itself, as most retail money exchangers do not trade Afghani outside Afghanistan. Currently, 1 Afghani (AFN) is equal to 0.02 US Dollar ,or 1 US Dollar (USD) = 50 Afghani (AFN).
The Afghani (AFN) is expected to continue its volatile trading trend, and will be heavily dependent on the stability of the country as a whole. One yardstick that measures this is the number of deaths caused by insurgents in Afghanistan, as well as the number of bombings that occurs. Should the United States achieve success in eventually stabilising the country – drop in militant activities, successful enforcement of civil laws, booming internal trades and increase in tourism, the Afghani (AFN) is bound to appreciate and perhaps spell a real future for the country.
