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 = 4.610 US Dollar
30 Papua New Guinean Kina = 9.221 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 = 0.760 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

Papua New Guinea PM's firm won $32m contract despite 'serious irregularities'

Exclusive: report says Peter O’Neill’s firm may have violated anti-corruption guidelines

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'Not a magic pill': readers in PNG respond to the Apec summit
'Not a magic pill': readers in PNG respond to the Apec summit

As the country prepares itself for the arrival of thousands of people including world leaders, we asked locals what they think

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'We are suffering here': PNG rolling out APEC red carpet but locals living in poverty

In a country where poverty is rife, medication shortages are biting and there's just been a polio outbreak, some Papua New Guineans are struggling to square their day-to-day lives with the money being spent on the APEC summit.

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Coke's coffers crammed with kina as dollar crunch hits Papua New...

Coca-Cola has mastered the business of getting its sweet, fizzy drinks into even the most isolated of Papua New Guinea's far-flung tropical islands and mountain villages.

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Coke's coffers crammed with kina as dollar crunch hits Papua New...

Coca-Cola has mastered the business of getting its sweet, fizzy drinks into even the most isolated of Papua New Guinea's far-flung tropical islands and mountain villages.

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There's something behind this market sell-off that no one is talking about: The strong dollar

Stocks investors are spooked about a lot of things, and the strong dollar biting into earnings growth is now one of them.

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The Dollar Keeps Getting Stronger. Here’s What That Means for You.

On Monday, the US dollar reached its highest level in a year and a half, as measured against a weighted basket of foreign currencies. You can now buy a Euro for just $1.12, and a British Pound for $1.29. What does that mean for Americans?

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Rupee drops 39 paise against US dollar as crude oil rebounds - Times of India

India Business News: Cutting short the 10-day selling trend, crude oil prices rose by around 1% to touch $71 per barrel mark after the world's largest oil exporter Saudi A

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Rupee recovers 22 paise to 72.67 against US dollar

Positive macro data which showed retail inflation dropping to a 13-month low in October also bolstered the market sentiment.

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3 PGK to USD currency converter