AFN to CHF

AFN - Afghan Afghani (؋)
CHF - Swiss Franc (CHF)
1 AFN1 CHF

Currency conversion rates from AFN to CHF

AFNCHF
1 AFN1 CHF
5 AFN5 CHF
10 AFN10 CHF
20 AFN20 CHF
50 AFN50 CHF
100 AFN100 CHF
250 AFN250 CHF
500 AFN500 CHF
1000 AFN1000 CHF
2000 AFN2000 CHF
5000 AFN5000 CHF
10000 AFN10000 CHF
CHFAFN
1 CHF1 AFN
5 CHF5 AFN
10 CHF10 AFN
20 CHF20 AFN
50 CHF50 AFN
100 CHF100 AFN
250 CHF250 AFN
500 CHF500 AFN
1000 CHF1000 AFN
2000 CHF2000 AFN
5000 CHF5000 AFN
10000 CHF10000 AFN

AFN - Afghan Afghani (؋)

Afghan Afghani

The Afghan Afghani (AFN) was introduced in 2003 as the new currency for Afghanistan. Two distinct rates were established: the government issue of 1000 and the northern alliance of 2000. Prior to 2003 the currency was the Afghanistan Afghani (AFA). There is no stock market. Money lending as well as foreign exchange is done through money bazaars.

The Afghan Afghani is the currency in Afghanistan (AF, AFG). The symbol for AFN can be written Af. The Afghan Afghani is divided into 100 puls. The exchange rate for the Afghan Afghani was last updated on May 24, 2019 from Yahoo Finance. The AFN conversion factor has 3 significant digits.

Economy

  • Afghanistan relies on foreign aid, trade, and farming from bordering countries.
  • The country and international concerns are focusing on improving infrastructure by creating jobs, promoting development of housing, and investing in education.
  • International groups contributed over $2 billion to help Afghanistan’s dying economy.
  • Afghanistan's agricultural products include wheat, wool, nuts, mutton, opium, lamb skin, and sheep skin.
  • Afghanistan exports mainly nuts, fruit, carpets, and cotton.
  • Imports include textiles, petroleum products, and capital goods.

History

  • The first Afghani (AFA) was introduced in 1925. Before this time period the Afghan Rupee was the official currency.
  • From the year 1925 to the year 1928 Afghani treasury notes were introduced.
  • In 1975, all Afghanistan banks were nationalized.
  • In 1981, the Afghani was pegged to the United States Dollar at 1 USD = 50 Afghanis.
  • Afghanistan was taken over by Taliban rulers in 1996. The Taliban central bank declared the Afghanistan Afghani worthless and the bank cancelled the contract they had with Russia for printing their money. The country's currency was devalued against the US dollar to a rate of 1 USD = 43 Afghani.
  • In 2002, the new Afghan Afghani currency (AFN) was introduced. In October, 2003 Afghanistan started using AFN as the official currency in local trade.
  • In 2005, Afghani coins replaced the 1, 2, and 5 Afghani banknotes.
  • Since 2005 the Afghanistan economy has grown at a steady pace.

More information about AFN - Afghan Afghani (؋)


CHF - Swiss Franc (SFr.)

The Swiss franc is the currency of Switzerland. The most popular Swiss franc exchange is with the euro. The franc is represented by the sign ‘Fr’ or ‘SFr’ or ‘FS’, and its currency code is CHF. The Swiss franc is fiat currency, and its conversion factor has 6 significant digits. The Swiss franc is called franken in German, the franc in French and Romansh, and the franco in Italian.

The official currency of Switzerland is the Swiss Franc (CHF). The Swiss Franc is the only Franc still issued in the European countries. The Franc is subdivided into 100 centimes. The symbol used for the Franc is Fr. Banknotes are issued by the Swiss National Bank and coins are issued by the Swiss Mint.

The Swiss Franc is the currency in Switzerland (CH, CHE), and Liechtenstein (LI, LIE). The symbol for CHF can be written SwF, and SFr. The Swiss Franc is divided into 100 rappen (centimes). The exchange rate for the Swiss Franc was last updated on Today from The International Monetary Fund. The CHF conversion factor has 6 significant digits.

Economy

  • Switzerland’s economy is seen as a safe haven and is rated as the safest economy in the world.
  • The economy is dependent on foreign investments.
  • The unemployment rate is estimated at 3%.
  • The main industries are watches, chemicals, textiles, machinery, and precision instruments.
  • Export products are agricultural products, metals, chemicals, watches, and machinery.
  • Import products are vehicles, metals, textiles, machinery, and agricultural products.
  • Switzerland’s tourism infrastructure is highly developed.
  • Approximately 28% of all offshore funds are banked in Switzerland.
  • The country is neutral and is not part of the European Union.

History

  • In 1848, Switzerland declared that the Federal Government of Switzerland will be the official issuer of the Swiss Franc.
  • In 1850, the first Swiss Franc was introduced; it was on par with the French Franc.
  • In 1865, Switzerland became part of the Latin Monetary Union, which consisted of France, Italy, Switzerland, and Belgium.
  • Switzerland decided to become part of the Brent Wood System in 1945. The Franc was pegged to the US Dollar at 4.375 Francs = 1 USD.
  • From 2003 to 2006, the Swiss Franc was stable against the Euro.
  • In 2008, the Swiss Franc was valued higher than the USD.
  • In 2010, the 9th series of Francs was introduced.
  • In 2011, the European Union stated that the “Franc is a threat to the economy” and this caused the Franc to plunge.

More information about CHF - Swiss Franc (SFr.)