Convert Papua New Guinean Kina to Euro
Please provide values below to convert Papua New Guinean Kina [PGK] to Euro [EUR], or Convert Euro to Papua New Guinean Kina.
How to Convert Papua New Guinean Kina to Euro
1 PGK = 4.92482702005395 EUR
Example: convert 15 PGK to EUR:
15 PGK = 15 × 4.92482702005395 EUR = 73.8724053008092 EUR
Papua New Guinean Kina to Euro 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.
Euro
The euro (EUR) is the official currency of the Eurozone, used by 19 of the 27 European Union member states, and is one of the world's major reserve currencies.
History/Origin
The euro was introduced in electronic form in 1999 and banknotes and coins entered circulation on January 1, 2002, replacing national currencies and fostering economic integration within the Eurozone.
Current Use
The euro is widely used across the Eurozone countries for everyday transactions, international trade, and as a reserve currency held by central banks worldwide.