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Foreign Exchange Guide to Afghanistan

Read this currency guide to Afghanistan with money transfer and travel tips.   [USD/AFN=76.057]

Afghanistan
Country Code:
AF
Domestic Currency:
Afghan Afghani
Symbol - Code:
AFN
Telephone Prefix:
+93

This is a foreign exchange guide to Afghanistan, the Afghan Afghani currency plus AFN transfers and travel tips.


In this Afghanistan currency guide we take a look at :

  1. Afghan Afghani info - general info about the Afghan Afghani
  2. Afghan Afghani in the markets - recent AFN moves and predictions from the FX markets
  3. Travelling in Afghanistan - currency & money saving tips
  4. Buying Afghan Afghani cash online - travel money for Afghanistan
  5. Sending money to Afghanistan - save on Afghan Afghani bank transfers to Afghanistan
  6. 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.

The new afghani currency was announced by President Hamid Karzai on September 4, 2002, and was introduced to the market on October 8, 2002. This monetary reform was well received by the public as it was a sign of security and stability, especially the country's rebuilding effort. People also no longer had to carry many bags of money for ordinary things. It was the first time in many years that a sole currency was under the control of the central bank instead of warlords. Most old banknotes were destroyed by the end of 2002. Prior to the reissue, there were more than 15 trillion afghani in circulation after unrestrained printing under Taliban rule and during wars and occupation


Afghan Afghani (AFN) in the markets

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.

The interactive chart below shows the USD to AFN 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.


USD-AFN 3 Month chart
Loading USD/AFN Chart
USDAFN currency converter

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.

 

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.

   

Afghanistan Trip Checklist    

 
  1. Compare AFN travel cash rates - probably why you are here!
  2. Search Hotel deals - Save on your accomodation in Afghanistan
  3. Lonely Planet - world's best travel guide (coupon and deals)

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 system

In 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.


Get a better deal for foreign transfers 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 :

  1. Open an account with a BER reviewed FX provider (id docs may be required)
  2. You specify the local or Afghan Afghani amount you want to transfer
  3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
  4. 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!

   

Bank Transfers to Afghanistan

Compare Transfer Rates

 

Popular AFN cross rates


AFN/USD - Afghan Afghani to United States Dollar - 10 Year History

DateExchange RatePeriod
09 Dec 20180.01321 Week
16 Nov 20180.01311 Month
19 Jun 20180.01406 Months
16 Dec 20170.01441 Year
16 Dec 20160.01502 Years
17 Dec 20130.01755 Years
18 Dec 20080.021210 Years

AFN/EUR - Afghan Afghani to Euro - 10 Year History

DateExchange RatePeriod
09 Dec 20180.01161 Week
16 Nov 20180.01151 Month
19 Jun 20180.01216 Months
16 Dec 20170.01231 Year
16 Dec 20160.01442 Years
17 Dec 20130.01275 Years
18 Dec 20080.014810 Years

AFN/GBP - Afghan Afghani to British Pound Sterling - 10 Year History

DateExchange RatePeriod
09 Dec 20180.01041 Week
16 Nov 20180.01021 Month
19 Jun 20180.01066 Months
16 Dec 20170.01081 Year
16 Dec 20160.01212 Years
17 Dec 20130.01075 Years
18 Dec 20080.014010 Years

AFN/JPY - Afghan Afghani to Japanese Yen - 10 Year History

DateExchange RatePeriod
09 Dec 20181.48311 Week
16 Nov 20181.48201 Month
19 Jun 20181.53746 Months
16 Dec 20171.62571 Year
16 Dec 20161.77392 Years
17 Dec 20131.79405 Years
18 Dec 20081.888010 Years

AFN/AUD - Afghan Afghani to Australian Dollar - 10 Year History

DateExchange RatePeriod
09 Dec 20180.01841 Week
16 Nov 20180.01791 Month
19 Jun 20180.01896 Months
16 Dec 20170.01891 Year
16 Dec 20160.02062 Years
17 Dec 20130.01965 Years
18 Dec 20080.030510 Years

AFN/CAD - Afghan Afghani to Canadian Dollar - 10 Year History

DateExchange RatePeriod
09 Dec 20180.01761 Week
16 Nov 20180.01731 Month
19 Jun 20180.01856 Months
16 Dec 20170.01861 Year
16 Dec 20160.02012 Years
17 Dec 20130.01855 Years
18 Dec 20080.025310 Years

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