Convert Papua New Guinean Kina to British Pound Sterling
Please provide values below to convert Papua New Guinean Kina [PGK] to British Pound Sterling [GBP], or Convert British Pound Sterling to Papua New Guinean Kina.
How to Convert Papua New Guinean Kina to British Pound Sterling
1 PGK = 5.67333153201837 GBP
Example: convert 15 PGK to GBP:
15 PGK = 15 × 5.67333153201837 GBP = 85.0999729802756 GBP
Papua New Guinean Kina to British Pound Sterling Conversion Table
| Papua New Guinean Kina | British Pound Sterling |
|---|
Papua New Guinean Kina
The Papua New Guinean Kina (PGK) is the official currency of Papua New Guinea, used for all monetary transactions within the country.
History/Origin
Introduced in 1975, replacing the Australian dollar, the Kina was established to establish a national currency and promote economic independence for Papua New Guinea.
Current Use
The Kina is actively used in everyday transactions, banking, and trade within Papua New Guinea, with coins and banknotes issued by the country's central bank, the Bank of Papua New Guinea.
British Pound Sterling
The British Pound Sterling (GBP) is the official currency of the United Kingdom and its territories, used as a standard unit of monetary value.
History/Origin
The Pound Sterling is one of the oldest currencies still in use, dating back to the 8th century. It was originally a silver coin and has evolved through various forms, including the gold standard and fiat currency, becoming the UK's primary currency in the 19th century.
Current Use
Today, the GBP is widely used in the UK and its territories, serving as the main currency for everyday transactions, banking, and international trade. It is also a major reserve currency globally.