PGK · PGK
Papua New Guinean Kina (PGK)
The Papua New Guinean Kina (PGK) is the official currency of Papua New Guinea, issued by the Bank of Papua New Guinea. It is subdivided into 100 toea.
Convert this currency
Converted amount
0.2271 USD
Exchange rate
1 PGK = 0.227128 USD
Updated
8/9/2026 12:00 AM
Source
ApiForex Managed Source 3
PGK · Papua New Guinean Kina
Papua New Guinean Kina (PGK) Overview
The Papua New Guinean Kina (PGK) is the official currency of Papua New Guinea, a country located in the southwestern Pacific Ocean. The currency was introduced in 1975, replacing the Australian dollar at par, following the nation's independence. The name 'kina' is derived from a traditional pearl shell used as a form of currency in the highlands region. The kina is subdivided into 100 toea, with coins and banknotes issued by the Bank of Papua New Guinea, the country's central bank.
The kina is a free-floating currency, and its value is determined by market forces. The Bank of Papua New Guinea manages monetary policy to maintain price stability and support economic growth. The currency is used in all domestic transactions, and its exchange rate against major world currencies fluctuates based on economic conditions, including commodity prices, as Papua New Guinea is rich in natural resources such as gold, copper, and oil.
For international travelers and businesses, the kina is not widely traded outside the country, and exchange rates may vary. It is advisable to check current rates before engaging in currency exchange. The Bank of Papua New Guinea provides official exchange rate information, and authorized foreign exchange dealers offer conversion services. As with any currency, the value of the kina can be affected by global economic trends and domestic policies.
- Code
- PGK
- Symbol
- PGK
- Current rate
- USD / PGK
Currency information
Last updated · 8/7/2026
Introduced on 19 April 1975, replacing the Australian dollar.
- Official name
- Kina
- Legal tender status
- Legal tender in Papua New Guinea
- Decimal places
- 2
- Minor unit
- Toea · 1 PGK = 100 Toea
- Countries
- Papua New Guinea
- Issuing authority
- Bank of Papua New Guinea
- Central bank
- Bank of Papua New Guinea · Official website
- Exchange-rate regime
- Floating exchange rate
Common banknotes
K2 · K5 · K10 · K20 · K50 · K100
Common coins
5t · 10t · 20t · 50t · K1 · K2
Also known as
Kina · Papua New Guinean Kina · PGK · K
Practical notes
- The Kina is issued by the Bank of Papua New Guinea.
- The currency is divided into 100 toea.
Priority currency pairs
The most useful conversions for this currency.
Papua New Guinean Kina questions
What is the PGK exchange rate?
The displayed rate is the latest available reference rate for USD/PGK. It can change throughout the day.
How can I convert PGK online?
Use the converter above to calculate indicative amounts between PGK and the other supported currencies.