Convert Papua New Guinean Kina to Malaysian Ringgit
Please provide values below to convert Papua New Guinean Kina [PGK] to Malaysian Ringgit [MYR], or Convert Malaysian Ringgit to Papua New Guinean Kina.
How to Convert Papua New Guinean Kina to Malaysian Ringgit
1 PGK = 0.992437491137685 MYR
Example: convert 15 PGK to MYR:
15 PGK = 15 × 0.992437491137685 MYR = 14.8865623670653 MYR
Papua New Guinean Kina to Malaysian Ringgit Conversion Table
| Papua New Guinean Kina | Malaysian Ringgit |
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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.
Malaysian Ringgit
The Malaysian Ringgit (MYR) is the official currency of Malaysia, used for all monetary transactions within the country.
History/Origin
The Ringgit was introduced in 1967, replacing the Malayan dollar. It was initially pegged to the British Pound and later to the US Dollar, with a floating exchange rate established in 1998.
Current Use
The MYR is widely used in Malaysia for everyday transactions, banking, and international trade, and is managed by Bank Negara Malaysia, the country's central bank.