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.

Australian Dollar

Australian Dollar

The Australian dollar (sign: $; code: AUD) is the currency of the Commonwealth of Australia, including its external territories Christmas Island, Cocos (Keeling) Islands, and Norfolk Island, as well as the independent Pacific Island states of Kiribati, Nauru, Tonga, Tuvalu, and Vanuatu. The Australian dollar was legal tender of Papua New Guinea until 1 January 1976, when the Papua New Guinean kina became the sole legal tender. Within Australia, it is almost always abbreviated with the dollar sign ($), with A$ or AU$ sometimes used to distinguish it from other dollar-denominated currencies. It is subdivided into 100 cents. In 2016, the Australian dollar was the fifth most traded currency in the world, accounting for 6.9% of the world's daily share (down from 8.6% in 2013). It trades in the world foreign exchange markets behind the US dollar, the euro, the yen and the pound sterling. The Australian dollar is popular with currency traders, because of the comparatively high interest rates in Australia, the relative freedom of the foreign exchange market from government intervention, the general stability of Australia's economy and political system, and the prevailing view that the Australian dollar offers diversification benefits in a portfolio containing the major world currencies, especially because of its greater exposure to Asian economies and the commodities cycle. The currency is commonly referred to by foreign-exchange traders as the "Aussie dollar".

2 Papua New Guinean Kina to Australian Dollar exchange rates chart

2 PGK to AUD exchange rates graph
2 PGK to AUD 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 PGK to AUD exchange rates table

Exchange PGK to AUD
2 Papua New Guinean Kina = 0.850 Australian Dollar
4 Papua New Guinean Kina = 1.699 Australian Dollar
10 Papua New Guinean Kina = 4.249 Australian Dollar
20 Papua New Guinean Kina = 8.497 Australian Dollar
Exchange Papua New Guinean Kina to Australian Dollar
2 Papua New Guinean Kina to Australian Dollar 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.

Best PGK/AUD rate at United Currency Exchange in Melbourne

2 PGK to AUD exchange rates at United Currency Exchange in Melbourne
2 Papua New Guinean Kina = 0.734 Australian Dollar
United Currency Exchange
United Currency Exchange

United Currency Exchange was founded in 2006 and firstly established in Victoria, Australia. The company operates specifically as a foreign currency exchange dealer servicing international tourists and budget travellers. As the business operates in financial services industry, United Currency Exchange is committed to deliver excellent customer services as well as professionalism throughout its services. We buy and sell foreign currencies at very competitive exchange rates with no commissions,...

Best PGK/AUD rate at Wexchange in Melbourne

2 PGK to AUD exchange rates at Wexchange in Melbourne
2 Papua New Guinean Kina = 0.712 Australian Dollar
Wexchange
Wexchange

The WeXchange service is provided by WeXchange Pty Ltd ABN 52 155 326 846, under AFSL 411932 & AR 472473. We have four locations across Australia equipped with state-of-theart automatic cash counters, and an online store to ensure we are meeting your needs wherever you are, twentyfour hours a day and seven days a week. We welcome all enquiries so contact our friendly service team online or pop in-store today. WeXchange is a foreign exchange service provider that is committed to providing...

2 PGK to AUD exchange rates news

40 Maseratis, three cruise ships, 4,000 police and no Trump: APEC 2018 in numbers

This week world leaders descend on Papua New Guinea for the Asia Pacific Economic Cooperation Summit, an event that has stoked controversy before it even begins.

conditional positive
Papua New Guinea’s betel high defies control, convention

A normally ubiquitous sight in Papua New Guinea's capital is men, women and children chewing betel nut combined with slaked lime and mustard bean, turning lips, teeth and tongue a dark red, and producing a mild high

indicative positive
Papua New Guinean police and soldiers storm parliament over unpaid APEC summit bonuses

Papua New Guinea police and soldiers stormed the country's parliament Tuesday, smashing windows and furniture and demanding unpaid APEC bonuses just days after the international summit wrapped up, police and witnesses said.

indicative positive
Aid to assess climate change impact
Aid to assess climate change impact

Papua New Guinea will receive aid to assess climate change impact and create a more resilient future for its people, thanks to a new partnership brokered by the United States Agency for International Development.

imperative neutral
Australian dollar slides
Australian dollar slides

Aussie dollar falls against the greenback.

indicative neutral
$A near multi-month highs amid Fed caution - 9Finance

Flaring Sino-US trade tensions have kept the Aussie dollar off its high, but the currency is still at a mul...

conditional neutral
Aussie, kiwi near multi-month highs as Fed caution weighs on dollar

SYDNEY, Nov 19- The Australia and New Zealand dollars held near multi-month peaks on Monday as the greenback stumbled on concerns about slowing.

indicative neutral

2 PGK to AUD currency converter