Convert New Taiwan Dollar to Papua New Guinean Kina
Please provide values below to convert New Taiwan Dollar [TWD] to Papua New Guinean Kina [PGK], or Convert Papua New Guinean Kina to New Taiwan Dollar.
How to Convert New Taiwan Dollar to Papua New Guinean Kina
1 TWD = 6.99266561889794 PGK
Example: convert 15 TWD to PGK:
15 TWD = 15 × 6.99266561889794 PGK = 104.889984283469 PGK
New Taiwan Dollar to Papua New Guinean Kina Conversion Table
| New Taiwan Dollar | Papua New Guinean Kina |
|---|
New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.
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.