Historic Papua New Guinean Kina Icelandic Krona

Papua New Guinean Kina icelandic krona history for February 2024. The highest quote for this month is 37.465 (06/02/2024) and the lowest 38.166 (15/02/2024). The difference between high and low is -1.87.

PGK ISK average rate for February 2024 is 37.62629, the change between 01/02/2024 and 29/02/2024 is +3.08 %.

01 February 20241 PGK = 38.02 ISK
02 February 20241 PGK = 37.71 ISK
05 February 20241 PGK = 36.99 ISK
06 February 20241 PGK = 37.39 ISK
07 February 20241 PGK = 38.14 ISK
08 February 20241 PGK = 37.82 ISK
09 February 20241 PGK = 38.07 ISK
12 February 20241 PGK = 36.85 ISK
13 February 20241 PGK = 37.99 ISK
14 February 20241 PGK = 36.99 ISK
15 February 20241 PGK = 38.35 ISK
16 February 20241 PGK = 38.14 ISK
19 February 20241 PGK = 36.89 ISK
20 February 20241 PGK = 36.89 ISK
21 February 20241 PGK = 37.97 ISK
22 February 20241 PGK = 38.04 ISK
23 February 20241 PGK = 37.97 ISK
26 February 20241 PGK = 36.83 ISK
27 February 20241 PGK = 38.14 ISK
28 February 20241 PGK = 38.14 ISK
29 February 20241 PGK = 36.85 ISK

24/03/2020: COVID-19 Economic Impact

The COVID-19 pandemic had a significant impact on the Papua New Guinean economy and the value of the Kina, leading to economic challenges and policy interventions.

19/11/2018: Launch of New Kina Notes and Coins

The Bank of Papua New Guinea launched a new series of Kina banknotes and coins, featuring enhanced security features and improved design.

15/11/2018: New Currency Notes Introduced

Iceland released updated banknotes and coins featuring improved security measures and new designs, modernizing the Krona's physical appearance.

15/03/2015: Capital Controls Lifted

Iceland lifted its capital controls, implemented after the financial crisis, allowing for more flexible foreign exchange transactions.

14/11/2010: IMF Loan Approved

Iceland secured a $2.1 billion loan from the International Monetary Fund, stabilizing the Krona and aiding economic recovery.

06/10/2008: Financial Crisis Begins

The collapse of Icelandic banks and subsequent financial crisis severely devalued the Krona, leading to economic turmoil.

08/05/1995: Introduction of Polymer Banknotes

Polymer banknotes were introduced in Papua New Guinea, replacing the traditional paper banknotes and providing increased durability.

28/07/1989: Kina Floats in Foreign Exchange Market

The Papua New Guinean Kina was allowed to float freely in the foreign exchange market, leading to fluctuations in its value.

05/03/1981: Stock Exchange Established

The Icelandic Stock Exchange was founded, promoting economic growth and affecting the Krona's value.

03/02/1976: First Kina Banknotes Issued

The Bank of Papua New Guinea issued the first series of Kina banknotes, featuring unique designs and local elements.

19/12/1975: Independence from Australia

Papua New Guinea gained independence, leading to the introduction of the Papua New Guinean Kina as its currency.

19/12/1975: Introduction of the Kina

The Papua New Guinean Kina was officially introduced as the national currency, replacing the Australian Dollar at a rate of 2 Kina to 1 Australian Dollar.

10/05/1940: Occupation of Iceland

Following the German occupation of Denmark, Iceland became occupied by British forces, impacting the currency's stability.

01/01/1922: Currency Board Established

The Icelandic Krona was introduced under the Danish Krone pegged to 1 Krone = 100 aurar.