We hear and see in the newspapers of the Kina Facility Rate (KFR). What is a KFR?
The Bank of Papua New Guinea introduced the Kina Facility Rate (KFR) in February 2001, as an official rate to indicate its stance of monetary policy. The KFR is a monthly rate and any changes to it should translate to market interest rates. Changes to the KFR are based on assessment of economic fundamentals in the economy.
Kina exchange rate (MIDRATE)
Last Updated:
Released:03/05/2024
Released:03/05/2024
USD
0.2625
AUD
0.3992
EUR
0.2446
GBP
0.2092
JPY
40.15
NZD
0.4396
SGD
0.3552