Historic Papua New Guinean Kina Romanian leu

Papua New Guinean Kina romanian leu history for December 2023. The highest quote for this month is 1.2656 (08/12/2023) and the lowest 1.2743 (06/12/2023). The difference between high and low is -0.69.

PGK RON average rate for December 2023 is 1.24775, the change between 01/12/2023 and 31/12/2023 is -0.63 %.

01 December 20231 PGK = 1.230 RON
04 December 20231 PGK = 1.253 RON
05 December 20231 PGK = 1.262 RON
06 December 20231 PGK = 1.275 RON
07 December 20231 PGK = 1.260 RON
08 December 20231 PGK = 1.272 RON
09 December 20231 PGK = 1.247 RON
11 December 20231 PGK = 1.260 RON
12 December 20231 PGK = 1.269 RON
13 December 20231 PGK = 1.242 RON
14 December 20231 PGK = 1.224 RON
15 December 20231 PGK = 1.252 RON
18 December 20231 PGK = 1.238 RON
19 December 20231 PGK = 1.227 RON
20 December 20231 PGK = 1.253 RON
21 December 20231 PGK = 1.257 RON
22 December 20231 PGK = 1.248 RON
25 December 20231 PGK = 1.232 RON
26 December 20231 PGK = 1.230 RON
27 December 20231 PGK = 1.243 RON
28 December 20231 PGK = 1.237 RON
29 December 20231 PGK = 1.238 RON

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.

01/04/2019: Romania plans to adopt the euro

The Romanian government announces its intention to join the Eurozone and set a target date for adopting the euro as the national currency.

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.

01/06/2005: Currency redenomination

Romania underwent a currency redenomination, with 10,000 old lei being exchanged for 1 new leu, to simplify transactions and eliminate zeros.

01/07/2003: Romania joins EU Accession

As part of joining the European Union, Romania pledges to adopt the euro in the future, aiming for greater economic integration.

08/05/1995: Introduction of Polymer Banknotes

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

28/02/1991: End of communist era

As communism collapsed, Romania undergoes economic reforms and introduces a free-floating exchange rate system for the leu.

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.

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.

30/12/1947: Communist regime introduces new leu

In an attempt to devalue the currency and control the economy, the Communist regime introduces a new leu at a ratio of 1:20,000.

01/03/1901: Introduction of the gold standard

Romanian leu was tied to the gold standard, ensuring the stability of the currency and attracting foreign investments.

01/04/1867: Creation of the Romanian leu

The leu was established as the official currency of Romania, replacing the previous currencies in circulation.