Danish Krone

Danish Krone

The krone (Danish pronunciation: [ˈkʁoːnə]; plural: kroner; sign: kr.; code: DKK) is the official currency of Denmark, Greenland and the Faroe Islands, introduced on 1 January 1875. Both the ISO code "DKK" and currency sign "kr." are in common use; the former precedes the value, the latter in some contexts follows it. The currency is sometimes referred to as the Danish crown in English, since krone literally means crown. Historically, krone coins have been minted in Denmark since the 17th century. One krone is subdivided into 100 øre (Danish pronunciation: [ˈøːɐ]; singular and plural), the name øre possibly deriving from Latin aureus meaning "gold coin". Altogether there are eleven denominations of the krone, with the smallest being the 50 øre coin, which is valued at one half of a krone. Formerly there were more øre coins, but those were discontinued due to inflation. The krone is pegged to the euro via the ERM II, the European Union's exchange rate mechanism. Adoption of the euro is favoured by some of the major political parties, however a 2000 referendum on joining the Eurozone was defeated with 53.2% voting to maintain the krone and 46.8% voting to join the Eurozone.

Papua New Guinean Kina

Papua New Guinean Kina

The kina (ISO 4217 currency code: PGK, the currency symbol: K) is the currency of Papua New Guinea. It is divided into 100 toea. The kina was introduced on 19 April 1975, and circulated along with the Australian dollar until 1 January 1976, when the dollar ceased to be legal tender. The name kina is derived from Kuanua language of the Tolai region, referring to a callable pearl shell used widely for trading in both the Coastal and Highlands areas of the country.

2 Danish Krone to Papua New Guinean Kina exchange rates chart

2 DKK to PGK exchange rates graph
2 DKK to PGK Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

2 DKK to PGK exchange rates table

Exchange DKK to PGK
2 Danish Krone = 1.002 Papua New Guinean Kina
4 Danish Krone = 2.005 Papua New Guinean Kina
10 Danish Krone = 5.011 Papua New Guinean Kina
20 Danish Krone = 10.023 Papua New Guinean Kina
Exchange Danish Krone to Papua New Guinean Kina
2 Danish Krone to Papua New Guinean Kina Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

2 DKK to PGK exchange rates news

PNG turns to bond issues and stock exchange
PNG turns to bond issues and stock exchange

Papua New Guinea is looking to the international bond markets to help bridge revenue shortfalls, announcing the launch of its first eurobond in tandem with wider moves to open up the stock exchange to foreign investors.

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Sir Julius marks 50 years in politics
Sir Julius marks 50 years in politics

This year’s New Ireland Provincial Day is special as Governor of the Province, Sir Julius Chan, celebrates his 50th anniversary in PNG politics.

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2 DKK to PGK currency converter