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Bank of Papua New Guinea (PNG) Port Moresby, Papua New Guinea > FAQs > We hear and see in the newspapers of the Kina Facility Rate (KFR). What is a KFR?

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:17/05/2024

USD 0.2613

AUD 0.3913

EUR 0.2402

GBP 0.2061

JPY 40.31

NZD 0.4271

SGD 0.3512

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Kina Facility Rate:

May 2024 2.50%
Apr 2024 2.00%
Mar 2024 2.00%
Feb 2024 2.00%
Jan 2024 2.50%
Dec 2023 2.50%
Nov 2023 2.50%
Oct 2023 3.00%
Sep 2023 3.00%
Aug 2023 3.50%
Jul 2023 3.50%
Jun 2023 3.50%
May 2023 3.50%
Apr 2023 3.50%
Mar 2023 3.50%
Feb 2023 3.50%
Jan 2023 3.50%