Historic Papua New Guinean Kina Icelandic Krona

Papua New Guinean Kina icelandic krona history for July 2023. The highest quote for this month is 38.645 (03/07/2023) and the lowest 39.203 (05/07/2023). The difference between high and low is -1.44.

PGK ISK average rate for July 2023 is 38.01495, the change between 01/07/2023 and 31/07/2023 is +4.21 %.

03 July 20231 PGK = 39.10 ISK
04 July 20231 PGK = 39.18 ISK
05 July 20231 PGK = 38.58 ISK
06 July 20231 PGK = 39.28 ISK
07 July 20231 PGK = 38.74 ISK
10 July 20231 PGK = 38.02 ISK
11 July 20231 PGK = 38.37 ISK
12 July 20231 PGK = 38.35 ISK
13 July 20231 PGK = 37.87 ISK
14 July 20231 PGK = 37.63 ISK
17 July 20231 PGK = 36.88 ISK
18 July 20231 PGK = 37.54 ISK
19 July 20231 PGK = 37.46 ISK
20 July 20231 PGK = 37.54 ISK
21 July 20231 PGK = 37.78 ISK
24 July 20231 PGK = 37.00 ISK
25 July 20231 PGK = 37.97 ISK
26 July 20231 PGK = 37.75 ISK
27 July 20231 PGK = 37.76 ISK
28 July 20231 PGK = 38.05 ISK
31 July 20231 PGK = 37.46 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.