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.

US Dollar

US Dollar

The United States dollar (sign: $; code: USD; also abbreviated US$ and referred to as the dollar, U.S. dollar, or American dollar) is the official currency of the United States and its territories per the United States Constitution since 1792. For most practical purposes, it is divided into 100 smaller cent (¢) units, but is occasionally divided into 1000 mills (₥) for accounting purposes. The circulating paper money consists of Federal Reserve Notes that are denominated in United States dollars (12 U.S.C. § 418). Since the suspension in 1971 of convertibility of paper U.S. currency into any precious metal, the U.S. dollar is, de facto, fiat money. As it is the most used in international transactions, the U.S. dollar is the world's primary reserve currency. Several countries use it as their official currency, and in many others it is the de facto currency. Besides the United States, it is also used as the sole currency in two British Overseas Territories in the Caribbean: the British Virgin Islands and Turks and Caicos Islands. A few countries use the Federal Reserve Notes for paper money, while still minting their own coins, or also accept U.S. dollar coins (such as the Sacagawea or presidential dollar). As of June 27, 2018, there are approximately $1.67 trillion in circulation, of which $1.62 trillion is in Federal Reserve notes (the remaining $50 billion is in the form of coins).

3 Papua New Guinean Kina to US Dollar exchange rates chart

3 PGK to USD exchange rates graph
3 PGK to USD 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.

3 PGK to USD exchange rates table

Exchange PGK to USD
3 Papua New Guinean Kina = 0.922 US Dollar
6 Papua New Guinean Kina = 1.844 US Dollar
15 Papua New Guinean Kina = 4.611 US Dollar
30 Papua New Guinean Kina = 9.222 US Dollar
Exchange Papua New Guinean Kina to US Dollar
3 Papua New Guinean Kina to US 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/USD rate at LA Currency in Los Angeles

3 PGK to USD exchange rates at LA Currency in Los Angeles
3 Papua New Guinean Kina = 0.784 US Dollar
LA Currency
LA Currency

Frequently Asked Questions No, we do not have any fees and our adjusted, real-time exchange rates can be found on our website. You can always find out how much you will get for your currency or how much you will need to buy currency. Make sure to refresh the browser to get updated rates. Yes, we have free parking at both our locations that are in a shopping plaza with a convenient parking lot and a security personnel. Cash to cash is our preferred payment method. However, only debit cards...

3 PGK to USD 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.

9 days conditional negative
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.

22 days conditional positive
Thousands of Kina saved
Thousands of Kina saved

Since the establishment of the Nazarene Hospital’s hydroelectric project in Kudjip, Jiwaka Province, the hospital has saved thousands of kina in power bills, improved the safety of its patients and equipment and maintained a regular power supply.

about 2 months conditional positive
Jamaican dollar dips more than $1 against US in a day

The Jamaican dollar depreciated by $1.08 against the US dollar on Thursday, according to the trading summary from the Bank of Jamaica (BOJ). It closed at $130.65 again

5 days indicative negative
U.S. dollar closes higher on Taipei forex market | Economics | FOCUS TAIWAN - CNA ENGLISH NEWS

Taipei, Jan. 11 (CNA) The U.S. dollar rose against the Taiwan dollar Friday, gaining NT$0.020 to close at NT$30.802.

5 days indicative positive
Dollar Slides As US Consumer Inflation Falls

CANBERA (Alliance News) - The US dollar was lower against its most major counterparts in the ...

5 days conditional positive

3 PGK to USD currency converter