Convert United States Dollar to Papua New Guinean Kina
Please provide values below to convert United States Dollar [USD] to Papua New Guinean Kina [PGK], or Convert Papua New Guinean Kina to United States Dollar.
How to Convert United States Dollar to Papua New Guinean Kina
1 USD = 0.238129256560461 PGK
Example: convert 15 USD to PGK:
15 USD = 15 × 0.238129256560461 PGK = 3.57193884840692 PGK
United States Dollar to Papua New Guinean Kina Conversion Table
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United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.
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.