Foreign Exchange Guide to Afghanistan
The domestic currency in Afghanistan is the Afghan afghani with currency code AFN. Read this foreign exchange guide to Afghanistan and the Afghan afghani with money transfer and travel tips plus Afghan afghani exchange cross rates.
In this guide we review :
- Afghan afghani info - general info about the Afghan afghani
- Afghan afghani in the markets - recent AFN moves and predictions from the FX markets
- Travelling in Afghanistan - currency & money saving tips
- Buying Afghan afghani cash online - travel money for Afghanistan
- Sending money to Afghanistan - save on Afghan afghani bank transfers to Afghanistan
- Afghan afghani exchange rates - latest & historic exchange rates.
Afghan afghani (AFN) general currency information
What is the Afghan afghani currency code and symbol?
The three letter currency code for the Afghan afghani is AFN.
Which countries use the Afghan afghani?
It is the domestic currency in Afghanistan.
Afghan afghani (AFN) in the markets
The interactive chart below shows the AFN to USD exchange rate for the previous 3 months with rate alerts for days when the exchange rate moved up or down significantly or for 30 day highs and lows.
Travel, Currency and Money saving tips for Afghanistan
Carry sufficient cash in US Dollars for your visit. Credit cards are not accepted. Some ATMs in Kabul dispense dollars as well as the local currency, Afghanis. Banks are closed on Fridays, but there are ATMs in various locations in Wazir Akbar Khan and elsewhere. ATMs are located at military camps, but unless you have an International Security Assistance Force (ISAF) pass you will not be able to enter. Travellers’ cheques are not widely accepted and it can take a fortnight for them to clear.
Afghanistan Trip Checklist
- Compare AFN travel cash rates - probably why you are here!
- Search Hotel deals - Save on your accomodation in Afghanistan
- Lonely Planet - world's best travel guide (coupon and deals)
Travel money for Afghanistan
Save money and time by Ordering your Afghan afghani online from Travelex, you get better rates and can pick up the AFN cash locally or even on travel day at the airport.
Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.
For card purchases if offered a choice of currencies always select to Pay in Afghan afghani otherwise you may get much worst exchange rates.
Travel Money for Afghanistan
Sending money to Afghanistan
When searching around for information on how to get a good exchange rate when sending money to Afghanistan you need to start with finding out the latest Afghan afghani foreign-transfer exchange rate.
Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save (we make that calculation easy here).
How stable is the Afghan economy and financial systemIn October 2003, Afghan Central Bank governor Anwar Ul-Haq Ahadi announced that Afghans should use their own Afghani currency in daily transactions rather than United States dollars or Pakistani rupees. This was in preparation for when all prices in the Afghan marketplace were to be specified in Afghani.
After depreciating during the last quarter of 2003/04, the Afghani has been appreciating steadily, gaining 8 percent against the U.S. dollar between end-March 2004 and end-July 2004. This appreciation, at a time of increasing inflation, appears to reflect a greater willingness by the population to use the Afghani as a medium of exchange and as a store of value.
This trend appears to be attributable to the relative stability of the exchange rate since the introduction of the new currency, administrative measures aimed at promoting its use, such as the requirement that shopkeepers must price goods in Afghani. Donors are increasingly making payments in Afghani instead of U.S. dollars and this appears to be widely accepted.
Getting a better deal when sending money to Afghanistan
When sending money to Afghanistan it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or Afghan afghani amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted AFN amount will be transfered to the recipient account you specify in Afghanistan.
Use our Send to AFN calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Afghan afghani deposited into the recipient bank account and less margins and fees kept by the banks!