Convert Papua New Guinean Kina to New Zealand Dollar
Please provide values below to convert Papua New Guinean Kina [PGK] to New Zealand Dollar [NZD], or Convert New Zealand Dollar to Papua New Guinean Kina.
How to Convert Papua New Guinean Kina to New Zealand Dollar
1 PGK = 2.51611743559017 NZD
Example: convert 15 PGK to NZD:
15 PGK = 15 × 2.51611743559017 NZD = 37.7417615338526 NZD
Papua New Guinean Kina to New Zealand 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.
New Zealand Dollar
The New Zealand Dollar (NZD) is the official currency of New Zealand and its territories, used for everyday transactions and financial exchanges.
History/Origin
Introduced in 1967, replacing the New Zealand Pound, the NZD was initially pegged to the British Pound and later adopted a floating exchange rate system. It has undergone various reforms and is now managed by the Reserve Bank of New Zealand.
Current Use
The NZD is widely used in New Zealand and is also accepted in some Pacific Island nations. It is actively traded in international currency markets and is a key component of the country's economy.