AFN Market Update
15 May 2026 • 00:39 GMT
The Afghan Afghani (AFN) is trading slightly above its three-month average, with a current rate of around 0.0160 USD. This marks a 1.3% increase and reflects recent stability in the currency, which has traded within a narrow range.
The AFN’s recent strength is partly due to ongoing efforts by Da Afghanistan Bank to stabilize the local currency through multiple dollar auctions, including a $25 million auction in early February. Additionally, the AFN appreciated significantly earlier this year, gaining over 15% against the USD, partly driven by rising commodity prices like gold, which bolster the currency’s value.
Meanwhile, the US dollar has weakened for two weeks in a row, influenced by easing geopolitical tensions and dovish comments from Federal Reserve officials, which have kept rate cut expectations low. Despite these trends, caution remains as inflation concerns persist.
Overall, the AFN remains relatively stable, hovering slightly above its typical range, supported by central bank interventions and commodity price movements. However, market participants should stay alert to regional economic developments, which could influence the currency’s future direction.