AFN to HKD

AFN - Afghan Afghani (؋)
HKD - Hong Kong Dollar (HK$)
1 AFN1 HKD

Currency conversion rates from AFN to HKD

AFNHKD
1 AFN1 HKD
5 AFN5 HKD
10 AFN10 HKD
20 AFN20 HKD
50 AFN50 HKD
100 AFN100 HKD
250 AFN250 HKD
500 AFN500 HKD
1000 AFN1000 HKD
2000 AFN2000 HKD
5000 AFN5000 HKD
10000 AFN10000 HKD
HKDAFN
1 HKD1 AFN
5 HKD5 AFN
10 HKD10 AFN
20 HKD20 AFN
50 HKD50 AFN
100 HKD100 AFN
250 HKD250 AFN
500 HKD500 AFN
1000 HKD1000 AFN
2000 HKD2000 AFN
5000 HKD5000 AFN
10000 HKD10000 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 (؋)


HKD - Hong Kong Dollar ($)

The Hong Kong dollar is the official currency of Hong Kong. It’s the 13th most commonly traded currency on Earth. The currency code for the dollar is HKD and the symbol is $, or HK$ – to differentiate it from the US dollar. The most popular Hong Kong dollar exchange is with the US dollar. HK$ has 4 significant digits and is considered a fiat currency.

The Hong Kong Dollar is one of the most traded currencies in the world. The currency symbol is $ or HK$ to distinguish it from the other Dollar currencies. A Dollar consists of 100 cents.

The Hong Kong Dollar is the currency in Hong Kong (HK, HKG). The symbol for HKD can be written HK$. The Hong Kong Dollar is divided into 100 cents. The exchange rate for the Hong Kong Dollar was last updated on May 24, 2019 from Yahoo Finance. The HKD conversion factor has 5 significant digits.

Economy

  • Hong Kong is considered one world's leading international financial centers.
  • Hong Kong has a major capitalist service economy characterized by low taxation and free trade.
  • Hong Kong is considered the world’s freest economy according to the Index of Economic Freedom.
  • Despite the 2009 downturn in economic growth, the country has recovered well.
  • Hong Kong’s economic strengths, including a sound banking system, virtually no public debt, a strong legal system, ample foreign exchange reserves, rigorous anti-corruption measures, and close ties with mainland China are the main reasons for recovery.

History

  • In 1841, trading in Hong Kong did not use any local currencies. Foreign currencies such as Indian Rupees, Spanish and Mexican Reales, and Chinese coins were circulated.
  • In 1863, the Royal Mint in London began issuing special subsidiary coinage for use in Hong Kong within the Dollar system.
  • During the Japanese occupation, Japanese military Yen were the only means of everyday exchange in Hong Kong.
  • In 1972, the Hong Kong Dollar was pegged to the US Dollar at a rate of 5.65 HK$ = 1 USD.
  • As of May 18, 2005, in addition to the lower guaranteed limit, a new upper guaranteed limit was set for the Hong Kong Dollar at 7.75 to the American Dollar.
  • Available coins are 10, 20, and 50 cent coins; 1, 2, 5, and 10 dollar coins, and banknotes of 10, 20, 50, 100, 500, and 1,000 dollars.

More information about HKD - Hong Kong Dollar ($)