Historic Papua New Guinean Kina Romanian leu

Papua New Guinean Kina romanian leu history for January 2024. The highest quote for this month is 1.2527 (30/01/2024) and the lowest 1.2707 (30/01/2024). The difference between high and low is -1.44.

PGK RON average rate for January 2024 is 1.24814, the change between 01/01/2024 and 31/01/2024 is -4.93 %.

01 January 20241 PGK = 1.212 RON
02 January 20241 PGK = 1.210 RON
03 January 20241 PGK = 1.258 RON
04 January 20241 PGK = 1.260 RON
05 January 20241 PGK = 1.258 RON
08 January 20241 PGK = 1.241 RON
09 January 20241 PGK = 1.254 RON
10 January 20241 PGK = 1.242 RON
11 January 20241 PGK = 1.219 RON
12 January 20241 PGK = 1.234 RON
13 January 20241 PGK = 1.223 RON
15 January 20241 PGK = 1.239 RON
16 January 20241 PGK = 1.240 RON
17 January 20241 PGK = 1.245 RON
18 January 20241 PGK = 1.260 RON
19 January 20241 PGK = 1.261 RON
22 January 20241 PGK = 1.248 RON
23 January 20241 PGK = 1.264 RON
24 January 20241 PGK = 1.271 RON
25 January 20241 PGK = 1.268 RON
26 January 20241 PGK = 1.272 RON
29 January 20241 PGK = 1.230 RON
30 January 20241 PGK = 1.273 RON
31 January 20241 PGK = 1.272 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.