Afghanistan - Official exchange rate (LCU per US$, period average)

The value for Official exchange rate (LCU per US$, period average) in Afghanistan was 76.81 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 77.74 in 2019 and a minimum value of 17.20 in 1960.

Definition: Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar).

Source: International Monetary Fund, International Financial Statistics.

See also:

Year Value
1960 17.20
1961 17.20
1962 17.20
1963 35.11
1964 38.69
1965 38.69
1966 38.69
1967 38.69
1968 38.69
1969 38.69
1970 38.69
1971 38.69
1972 38.69
1973 38.69
1974 38.38
1975 34.93
1976 34.93
1977 34.93
1978 34.93
1979 33.85
1980 34.37
1981 38.56
1982 39.28
1983 39.28
1984 39.28
1985 39.28
1986 39.28
1987 39.28
1988 39.28
1989 39.28
1990 39.28
1991 39.28
1992 39.28
1993 39.28
1994 38.82
1995 36.57
1996 47.50
1997 47.50
1998 47.50
1999 46.62
2000 47.36
2001 47.50
2002 47.26
2003 48.76
2004 47.85
2005 49.49
2006 49.93
2007 49.96
2008 50.25
2009 50.33
2010 46.45
2011 46.75
2012 50.92
2013 55.38
2014 57.25
2015 61.14
2016 67.87
2017 68.03
2018 72.08
2019 77.74
2020 76.81

Development Relevance: In a market-based economy, household, producer, and government choices about resource allocation are influenced by relative prices, including the real exchange rate, real wages, real interest rates, and other prices in the economy. Relative prices also largely reflect these agents' choices. Thus relative prices convey vital information about the interaction of economic agents in an economy and with the rest of the world.

Limitations and Exceptions: Official or market exchange rates are often used to convert economic statistics in local currencies to a common currency in order to make comparisons across countries. Since market rates reflect at best the relative prices of tradable goods, the volume of goods and services that a U.S. dollar buys in the United States may not correspond to what a U.S. dollar converted to another country's currency at the official exchange rate would buy in that country, particularly when nontradable goods and services account for a significant share of a country's output. An alternative exchange rate - the purchasing power parity (PPP) conversion factor - is preferred because it reflects differences in price levels for both tradable and nontradable goods and services and therefore provides a more meaningful comparison of real output.

Statistical Concept and Methodology: The exchange rate is the price of one currency in terms of another. Official exchange rates and exchange rate arrangements are established by governments. Other exchange rates recognized by governments include market rates, which are determined largely by legal market forces, and for countries with multiple exchange arrangements, principal rates, secondary rates, and tertiary rates.

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices