Posts Tagged ‘afghanistan’


Afghan Afghani (AFN) and Australian Dollar (AUD)

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…)








Afghanistan Afghanis (AFN) /Albania Leke (ALL)

There is little activity in the exchange rate/forex market between AFN/ALL – Afghanistan Afghanis/Albania Leke. Therefore, you might not get an accurate and real-time figure of the actual exchange rate 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/ALL exchange rate equates to (AFN/USD)/(ALL/USD). Practically, it is also difficult for you to exchange either of the currencies (AFN – Afghanistan Afghanis/ALL – Albania Leke) 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.

After the US invasion of Afghanistan, Afghanistan still maintains excellent relations with allies, including Uzbekistan, Tajikistan and Turkmenistan – as all three share a similar culture as the Afghans. US dollar is loosely accepted in Afghanistan and you might want to consider using changing your ALL into USD if you want to go to Afghanistan and vice versa.