Historic Papua New Guinean Kina Romanian leu

Papua New Guinean Kina romanian leu history for October 2023. The highest quote for this month is 1.3243 (04/10/2023) and the lowest 1.3287 (05/10/2023). The difference between high and low is -0.33.

PGK RON average rate for October 2023 is 1.30051, the change between 01/10/2023 and 31/10/2023 is +0.44 %.

02 October 20231 PGK = 1.307 RON
03 October 20231 PGK = 1.330 RON
04 October 20231 PGK = 1.332 RON
05 October 20231 PGK = 1.327 RON
06 October 20231 PGK = 1.323 RON
09 October 20231 PGK = 1.308 RON
10 October 20231 PGK = 1.284 RON
11 October 20231 PGK = 1.307 RON
12 October 20231 PGK = 1.304 RON
13 October 20231 PGK = 1.318 RON
16 October 20231 PGK = 1.303 RON
17 October 20231 PGK = 1.316 RON
18 October 20231 PGK = 1.315 RON
19 October 20231 PGK = 1.285 RON
20 October 20231 PGK = 1.265 RON
23 October 20231 PGK = 1.292 RON
24 October 20231 PGK = 1.289 RON
25 October 20231 PGK = 1.262 RON
26 October 20231 PGK = 1.265 RON
27 October 20231 PGK = 1.304 RON
30 October 20231 PGK = 1.275 RON
31 October 20231 PGK = 1.301 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.