Historic Papua New Guinean Kina Malaysian ringgit

Papua New Guinean Kina malaysian ringgit history for July 2023. The highest quote for this month is 1.3185 (03/07/2023) and the lowest 1.3413 (07/07/2023). The difference between high and low is -1.73.

PGK MYR average rate for July 2023 is 1.31804, the change between 01/07/2023 and 31/07/2023 is +3.04 %.

03 July 20231 PGK = 1.341 MYR
04 July 20231 PGK = 1.342 MYR
05 July 20231 PGK = 1.310 MYR
06 July 20231 PGK = 1.338 MYR
07 July 20231 PGK = 1.343 MYR
10 July 20231 PGK = 1.326 MYR
11 July 20231 PGK = 1.343 MYR
12 July 20231 PGK = 1.342 MYR
13 July 20231 PGK = 1.338 MYR
14 July 20231 PGK = 1.322 MYR
17 July 20231 PGK = 1.278 MYR
18 July 20231 PGK = 1.308 MYR
19 July 20231 PGK = 1.307 MYR
20 July 20231 PGK = 1.307 MYR
21 July 20231 PGK = 1.308 MYR
24 July 20231 PGK = 1.287 MYR
25 July 20231 PGK = 1.315 MYR
26 July 20231 PGK = 1.315 MYR
27 July 20231 PGK = 1.309 MYR
28 July 20231 PGK = 1.300 MYR
31 July 20231 PGK = 1.300 MYR

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.

18/03/2020: COVID-19 Pandemic Impact

The COVID-19 pandemic caused a sharp decline in the value of the ringgit, as global markets experienced volatility and economic slowdown.

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.

12/08/2015: Ringgit Depreciation

The Malaysian ringgit experienced a significant depreciation against major currencies due to falling oil prices and global economic uncertainties.

21/07/2005: Removal of Currency Peg

The Malaysian government removed the fixed exchange rate peg to the US dollar, allowing the ringgit to float freely based on market forces.

02/07/1997: Asian Financial Crisis

The Malaysian ringgit was heavily affected by the Asian financial crisis, leading to a currency devaluation and introduction of capital controls.

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.

12/06/1985: Currency Pegged to the US Dollar

The Malaysian ringgit was pegged to the US dollar at a fixed exchange rate of RM2.50 per USD to stabilize the economy.

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.

29/08/1975: Change to Malaysian Ringgit

The Malaysian dollar was renamed as the Malaysian ringgit, with the currency symbol RM, to reflect the country's independence and identity.

12/06/1967: Introduction of the Malaysian Dollar

The Malaysian dollar was introduced as the official currency of Malaysia, replacing the Malaya and British Borneo dollar.