Convert Papua New Guinean Kina to Australian Dollar
Please provide values below to convert Papua New Guinean Kina [PGK] to Australian Dollar [AUD], or Convert Australian Dollar to Papua New Guinean Kina.
How to Convert Papua New Guinean Kina to Australian Dollar
1 PGK = 2.74614177347633 AUD
Example: convert 15 PGK to AUD:
15 PGK = 15 × 2.74614177347633 AUD = 41.1921266021449 AUD
Papua New Guinean Kina to Australian Dollar Conversion Table
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Papua New Guinean Kina
The Papua New Guinean Kina (PGK) is the official currency of Papua New Guinea, used for all monetary transactions within the country.
History/Origin
Introduced in 1975, replacing the Australian dollar, the Kina was established to establish a national currency and promote economic independence for Papua New Guinea.
Current Use
The Kina is actively used in everyday transactions, banking, and trade within Papua New Guinea, with coins and banknotes issued by the country's central bank, the Bank of Papua New Guinea.
Australian Dollar
The Australian Dollar (AUD) is the official currency of Australia, used in its territories and some Pacific Island nations.
History/Origin
Introduced in 1966, replacing the Australian pound, the AUD was initially pegged to the British pound and later transitioned to a floating exchange rate system in 1983.
Current Use
The AUD is widely used in Australia and its territories, serving as a major currency in international trade and finance, and is one of the most traded currencies globally.