Convert Papua New Guinean Kina to Bermudan Dollar
Please provide values below to convert Papua New Guinean Kina [PGK] to Bermudan Dollar [BMD], or Convert Bermudan Dollar to Papua New Guinean Kina.
How to Convert Papua New Guinean Kina to Bermudan Dollar
1 PGK = 4.1994 BMD
Example: convert 15 PGK to BMD:
15 PGK = 15 × 4.1994 BMD = 62.991 BMD
Papua New Guinean Kina to Bermudan Dollar Conversion Table
| Papua New Guinean Kina | Bermudan Dollar |
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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.
Bermudan Dollar
The Bermudan Dollar (BMD) is the official currency of Bermuda, used for all monetary transactions within the territory.
History/Origin
Introduced in 1970, the Bermudan Dollar replaced the Bermudian Pound at par, aligning Bermuda's currency with the US dollar for economic stability and convenience.
Current Use
The Bermudan Dollar is widely accepted in Bermuda, often pegged at par to the US dollar, and is used in everyday transactions, banking, and commerce within the territory.