AFN to SGD

AFN - Afghan Afghani (؋)
SGD - Singapore Dollar ($)
1 AFN1 SGD

Currency conversion rates from AFN to SGD

AFNSGD
1 AFN1 SGD
5 AFN5 SGD
10 AFN10 SGD
20 AFN20 SGD
50 AFN50 SGD
100 AFN100 SGD
250 AFN250 SGD
500 AFN500 SGD
1000 AFN1000 SGD
2000 AFN2000 SGD
5000 AFN5000 SGD
10000 AFN10000 SGD
SGDAFN
1 SGD1 AFN
5 SGD5 AFN
10 SGD10 AFN
20 SGD20 AFN
50 SGD50 AFN
100 SGD100 AFN
250 SGD250 AFN
500 SGD500 AFN
1000 SGD1000 AFN
2000 SGD2000 AFN
5000 SGD5000 AFN
10000 SGD10000 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 (؋)


SGD - Singapore Dollar (S$)

The Singapore dollar is the official currency of Singapore. Its symbol is normally shown as $, although S$ is also used to avoid confusion with other dollar currencies. Its currency code is SGD. The dollar is fiat money and is considered the second-best currency for long-term investors (just after the New Zealand dollar). The most popular Singapore dollar exchange is with the Indian rupee. The dollar’s conversion factor has 6 significant digits.

The Singapore Dollar is the currency of the island state of Singapore. The currency is issued and monitored by the Monetary Authority of Singapore. All issued Singapore Dollars in circulation are fully backed by Singapore’s foreign reserves to maintain public confidence.

The Singapore Dollar is the currency in Singapore (SG, SGP). The symbol for SGD can be written S$, and SGD$. The Singapore Dollar is divided into 100 cents. The exchange rate for the Singapore Dollar was last updated on Today from The International Monetary Fund. The SGD conversion factor has 6 significant digits.

Economy

  • Highly urbanized Singapore ranks in the world’s top five as a financial center, an oil refining center, a port, and for number of US Dollar at par millionaire households per capita.
  • Singapore’s free-market economy operates in an open and corruption-free environment with stable prices and high per-capita GDP.
  • Singapore’s economy depends heavily on exports, which include consumer electronics, information technology products, pharmaceuticals, and financial services.
  • Real GDP growth is strong. It contracted slightly in 2009 because of the global financial crisis, but has since rebounded on the strength of renewed exports.

History

  • Singapore used the Straits Dollar from 1845 and 1939. It was replaced by the Malayan Dollar, which in turn was replaced by the Malaya and British Borneo Dollar in 1953. Singapore used this common currency until the monetary union between Malaysia, Singapore and Brunei broke down in 1965.
  • Singapore became independent in 1963, and issued its first coins and notes on April 7, 1967. The Singapore dollar remained at par with the Malaysian Ringgit until 1973.
  • Singapore pegged its dollar to British Pound Sterling until the early 1970s, then to the US Dollar for a short period of time. From 1973 to 1985, Singapore pegged its currency against a fixed and undisclosed trade-weighted basket of currencies, reflecting its diversified trade links.
  • From 1985 onwards, the Singapore Dollar has floated within an undisclosed bandwidth, closely monitored by the Monetary Authority of Singapore (MAS) to guard against imported inflation and ensure that Singapore's exports remain competitive.

More information about SGD - Singapore Dollar (S$)