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GBPAFN

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--%
1d
1w
1m

Analysis and statistics

  • Open
    92.1495$
  • Previous Close
    91.7629$
  • 52 Week Change
    --
  • Day Range
    0.39$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

The financial product symbol GBPAFN.FOREX likely refers to the British Pound (GBP) against the Afghan Afghani (AFN) currency pair in the foreign exchange (FOREX) market. It signifies the exchange rate between these two currencies, indicating how many Afghan Afghanis are needed to purchase one British Pound. However, it's important to note that this is a highly unusual and potentially nonexistent currency pair offered by retail forex brokers due to the Afghan Afghani's limited global trading volume and convertibility. Therefore, this symbol might be specific to a particular platform or data provider and not widely recognized.
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Factors

Interest Rate Differentials: Higher UK interest rates compared to Afghanistan attract investment, increasing GBP demand, thus GBP appreciation.

Economic Performance: Stronger UK economy versus Afghanistan strengthens GBP, indicating economic stability.

Political Stability: UK political stability compared to Afghanistan strengthens GBP due to reduced risk.

Commodity Prices: Fluctuations in commodity prices relevant to the Afghan economy influence AFN value.

Global Risk Sentiment: Risk-on sentiment favors GBP; risk-off benefits safe-haven currencies over AFN.

Inflation Rates: Lower UK inflation relative to Afghanistan strengthens GBP by preserving purchasing power.

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