AFN to SEK
Currency conversion rates from AFN to SEK
|1 AFN||1 SEK|
|5 AFN||5 SEK|
|10 AFN||10 SEK|
|20 AFN||20 SEK|
|50 AFN||50 SEK|
|100 AFN||100 SEK|
|250 AFN||250 SEK|
|500 AFN||500 SEK|
|1000 AFN||1000 SEK|
|2000 AFN||2000 SEK|
|5000 AFN||5000 SEK|
|10000 AFN||10000 SEK|
|1 SEK||1 AFN|
|5 SEK||5 AFN|
|10 SEK||10 AFN|
|20 SEK||20 AFN|
|50 SEK||50 AFN|
|100 SEK||100 AFN|
|250 SEK||250 AFN|
|500 SEK||500 AFN|
|1000 SEK||1000 AFN|
|2000 SEK||2000 AFN|
|5000 SEK||5000 AFN|
|10000 SEK||10000 AFN|
AFN - 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.
- 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.
- 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.
SEK - Swedish Krona (kr)
The Swedish krona (plural: kronor) is the official currency of Sweden. Its commonly used code is SEK and its symbol is ‘kr’. The most popular krona exchange is with the euro. The krona is the ninth most traded currency in the world. Its currency conversion factor has 6 significant digits. The krona is a fiat currency.
The Swedish Krona has been the currency of Sweden since 1873. It is issued by the Swedish central bank, Sveriges Riksbank. In English, the currency is sometimes referred to as the Swedish crown (Krona means crown in Swedish).
The Swedish Krona is the currency in Sweden (SE, SWE). The Swedish Krona is also known as Kronas. The symbol for SEK can be written kr, Sk, and Skr. The Swedish Krona is divided into 100 ore. The exchange rate for the Swedish Krona was last updated on Today from The International Monetary Fund. The SEK conversion factor has 6 significant digits.
- Sweden has achieved an enviable standard of living, due to high-tech capitalism, extensive social benefits, a modern distribution system, and a highly skilled labor force.
- The economy is heavily oriented to foreign trade, utilizing a resource base of timber, hydro power, and iron ore.
- The global economic crisis of 2008 reduced export demand and consumption, causing the Swedish economy to slide into recession despite its strong finances and underlying fundamentals. Strong commodity exports contributed to a strong rebound in 2010-2011.
- The Swedish Krona was introduced in 1873, replacing the Riksdaler at par. The currency was introduced as a result of the Scandinavian Monetary Union with Norway and Denmark, which lasted until World War I. Currencies under the treaty were under the gold standard.
- The Monetary Union ended with the outbreak of World War I in 1914. Sweden abandoned the gold standard on August 2, 1914, and without a fixed exchange rate the union came to an end.
- By treaty, Sweden is required to join the eurozone and convert to using the Euro. However, most Swedes are opposed to adopting the currency. On September 14, 2003, 56% of a high turnout of voters rejected adopting the Euro. Taking advantage of a loophole, the Swedish government has opted not to join ERM II, a precondition to adopting the Euro.