|
Exchange Rates for the last five (5) working days Released on : 09 February 2010 Units of Foreign Currency Per PGK | Currency/Date | 08-02-10 | 05-02-10 | 04-02-10 | 03-02-10 | 02-02-10 | | United States Dollar | 0.3670 | 0.3680 | 0.3680 | 0.3695 | 0.3695 | | Australian Dollar | 0.4235 | 0.4243 | 0.4176 | 0.4165 | 0.4197 | | Japanese Yen | 32.80 | 32.96 | 33.44 | 33.45 | 33.54 | | Euro | 0.2690 | 0.2685 | 0.2650 | 0.2646 | 0.2654 | | UK Pound Sterling | 0.2354 | 0.2340 | 0.2316 | 0.2309 | 0.2318 | | New Zealand Dollar | 0.5336 | 0.5338 | 0.5272 | 0.5291 | 0.5231 | | Hong Kong Dollar | 2.8519 | 2.8598 | 2.8583 | 2.8697 | 2.8703 | | Taiwan Dollar | 11.7839 | 11.8025 | 11.7635 | 11.1091 | 11.8415 | | South Korean won | 430.09 | 430.55 | 423.52 | 424.45 | 428.60 | | Singapore Dollar | 0.5219 | 0.5228 | 0.5201 | 0.5205 | 0.5214 | | Special Drawing Right | 0.2381 | 0.2382 | 0.2368 | 0.2383 | 0.2385 |
The US dollar is the closing interbank rate at 4:00 PM (PNG time). The rates for the other currencies are calculated by crossing the rate for the US dollar with the mid-rates of the currencies quoted at 4:00 PM in the Oceania and Asian regions. The Kina traded as a fixed exchange rate from September 1975 to October 1994. Under this exchange rate regime, differences in the demand from buyers of Kina and the supply from sellers of Kina were met by the Bank of Papua New Guinea through its foreign exchange reserves. On the 10th of October 1994, the Kina commenced trading as a floating currency. Operating under the interim Auction system, the Kina opened at 0.9200 and closed at 0.8605 against the US dollar. Under the floating exchange rate, the value of the Kina against the US dollar is set by the activity of commercial and retail buyers and sellers of foreign exchange. For any queries contact: The Manager
Foreign Reserves Management Unit Financial Markets Department Telephone: (675) 3227 349 Email:
This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
|
Exchange Rates 
