AFN Market Update
30 Apr 2026 • 00:38 GMT
The Afghan Afghani (AFN) has been relatively stable recently, trading close to its three-month average against the USD at around 0.01587. The currency has ranged within a 6.4% band, showing limited volatility so far.
Despite a period of currency appreciation earlier this year—with the AFN strengthening by over 15% against the USD—recent interventions by Da Afghanistan Bank, including multiple dollar auctions, have helped support stability. Gold prices have also influenced the AFN, with recent surges contributing to the currency's relative strength.
The US dollar remains resilient amid geopolitical tensions in the Middle East and expectations of potential Federal Reserve rate adjustments. However, recent market sentiment indicates caution, and the AFN's stability will likely depend on regional economic policies and international aid efforts.
In terms of other currencies, the AFN has maintained a slight edge versus the euro and Canadian dollar, while seeing a moderate rise against the Indian Rupee. Overall, the AFN remains steady, with limited shocks expected in the near term. Traders should keep an eye on regional developments and Afghan economic policies that could influence the currency’s direction moving forward.