Convert Papua New Guinean Kina to Cayman Islands Dollar
Please provide values below to convert Papua New Guinean Kina [PGK] to Cayman Islands Dollar [KYD], or Convert Cayman Islands Dollar to Papua New Guinean Kina.
How to Convert Papua New Guinean Kina to Cayman Islands Dollar
1 PGK = 5.03948157926317 KYD
Example: convert 15 PGK to KYD:
15 PGK = 15 × 5.03948157926317 KYD = 75.5922236889476 KYD
Papua New Guinean Kina to Cayman Islands 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.
Cayman Islands Dollar
The Cayman Islands Dollar (KYD) is the official currency of the Cayman Islands, used for all monetary transactions within the territory.
History/Origin
Introduced in 1972, the Cayman Islands Dollar replaced the Jamaican dollar at par, establishing a stable local currency for the financial sector and tourism industry.
Current Use
The KYD is widely used in the Cayman Islands for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate of 1 KYD = 1.20 USD.