Convert Papua New Guinean Kina (PGK) to US Dollar (USD )
Exchange rates used for currency conversion updated on 24th May 2015 ( 24/05/2015 )
Below you will find the latest exchange rate for exchanging Papua New Guinean Kina (PGK) to US Dollar (USD) , a table containing most common conversions and a chart with the pair's evolution.
The Papua New Guinean Kina (PGK) to US Dollar (USD) rates are updated every minute using our advanced technology for live forex currency conversion. Check back in a few days for things to buy with this amount and information about where exactly you can exchange currencies om;ine and offline.
The official currency in Papua New Guinea is the kina. The kina is subdivided into 100 toea and is issued in denominations of 2, 5, 10, 20 and 50 kina. Currency exchanges are typically done through banks although some hotels are licensed to offer this service as well. When traveling to this country, it is best to check ahead of time to see if a specific hotel offers currency exchange or takes credit cards and travelers checks.
About US Dollar (USD)
The privately owned and government sanctioned United States Federal Reserve Bank manages the monetary policy for the United States dollar (USD). The USD is the the worlds most widely held reserve currency and the most traded currency in world currency trading markets. The USD is official currency in 14 countries and the unofficial or de facto currency in 37 others. The US dollar is the second largest currency in circulation having been surpassed by the euro. The USD is a floating fiat currency.