Papua New Guinean Kina to Australian Dollar — exchange rate

Country of Circulation: Papua New Guinea

Currency Code, Symbol: PGK, K

Denominations of coins in circulation: 5t, 10t, 20t, 50t, K1

Denominations of banknotes in circulation: K2, K5, K10, K20, K50, K100

History: The kina (К) is the currency of a state in Oceania – Papua New Guinea. The currency is not accepted for payment outside the country. In the international financial arena, it is abbreviated to PGK.One kina is subdivided into 100 smaller coins called toea. The currency has become official in 1975. Before that, the country had a foreign currency, which was the Australian dollar. The appearance of the currency was connected to the fact that Papua New Guinea gained independence. At first, the Australian dollar also participated in payment operations, but in 1976, it was completely eliminated.Read More

Country of Circulation: Australia, Ashmore and Cartier Islands, Australian Antarctic Territory, Christmas Island and others

Currency Code, Symbol: AUD, AU$

Denominations of coins in circulation: 5c, 10c, 20c, 50c, $1, $2

Denominations of banknotes in circulation: $5, $10, $20, $50, $100

History: The Australian dollar (symbol: $ ,code: AUD, number 036) is the currency of the Commonwealth of Australia. It is used not only on the territory of Australia, but also on the adjacent islands: Cocos Islands, Norfolk, and Christmas Islands. $ is identified as AUD or by the classic dollar sign on the global financial market.One AUD is 100 cents. It has come into action in 1966, replacing the Australian pound. Since the late 80s, banknotes have been being made from special flexible plastic instead of paper. It makes money last longer in humid Australian climate. Interestingly, all banknotes have the same height, but are different in length. On the notes you can find portraits of historical and political figures, important buildings and objects. Australia also regularly issues commemorative coins worth 50 cents.Read More