Loading...

Home pages - full list (A-Z)

AUD/PGK - Convert Compare Save

Australian Dollar to Papua New Guinean Kina exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

This resource page for the Australian Dollar to Papua New Guinean Kina exchange rate, has news, forecasts and AUD to PGK comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with our Exchange Rate Checker.

AUD/PGK Exchange Rates - How to Compare & Save

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for AUD/PGK International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer ProvidersReceive PGK(K)Exchange RateFee AUDTotal CostDeal Links
OFX (OzForex) logo
22,696 PGK
Best Overall
2.26960^4.14%
Westpac logo
22,411 PGK
285 PGK
2.2456205.34%
Commonwealth Bank (CBA) logo
22,325 PGK
371 PGK
2.23386 5.7%
National Australia Bank (nab) logo
22,242 PGK
454 PGK
2.2291226.05%
Banks - Average Rate
National Australia Bank (nab) logo Westpac logo ANZ Bank logo Commonwealth Bank (CBA) logo
21,719 PGK
977 PGK
2.1754158.26%
ANZ Bank logo
19,896 PGK
2,800 PGK
1.99321815.96%
OFX (OzForex): Foreign Transfer AUD→PGK
AUD amount:$10,000 AUD
Fee:0^ - No fees for BestExchangeRates users (normally $15 for transfers over $10K)
Exchange Rate:2.2696 (4.14% from mid-rate)
PGK amount:22,696 PGK
Total Cost:4.14%
Time:
Rate Fetched: Tue Jul 23 2019 22:01:40 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
Westpac: Foreign Transfer AUD→PGK
AUD amount:$10,000 AUD
Fee:20
Exchange Rate:2.2456 (5.15% from mid-rate)
PGK amount:22,411 PGK
Total Cost:5.34%
Difference:
285 PGK less than using OFX (OzForex)
Time:
Rate Fetched: website - Mon Apr 15 2019 01:04:04 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
Commonwealth Bank (CBA): Foreign Transfer AUD→PGK
AUD amount:$10,000 AUD
Fee:6
Exchange Rate:2.2338 (5.65% from mid-rate)
PGK amount:22,325 PGK
Total Cost:5.7%
Difference:
371 PGK less than using OFX (OzForex)
Time:
Rate Fetched: website - Tue Jul 23 2019 22:02:02 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1.2/5.0
Reviews:
National Australia Bank (nab): Foreign Transfer AUD→PGK
AUD amount:$10,000 AUD
Fee:22
Exchange Rate:2.2291 (5.85% from mid-rate)
PGK amount:22,242 PGK
Total Cost:6.05%
Difference:
454 PGK less than using OFX (OzForex)
Time:
Rate Fetched: website - Tue Jul 23 2019 22:05:03 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2.1/5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer AUD→PGK
AUD amount:$10,000 AUD
Fee:15
Exchange Rate:2.2503 (4.95% from mid-rate)
PGK amount:21,719 PGK
Total Cost:8.26%
Difference:
977 PGK less than using OFX (OzForex)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
ANZ Bank: Foreign Transfer AUD→PGK
AUD amount:$10,000 AUD
Fee:18
Exchange Rate:1.9932 (15.81% from mid-rate)
PGK amount:19,896 PGK
Total Cost:15.96%
Difference:
2,800 PGK less than using OFX (OzForex)
Time:
Rate Fetched: website - Tue Jul 23 2019 22:03:03 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 3/5.0
Reviews:
 
Snapshot 07/24/2019 - See full table

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money ProvidersAmount PGK(K)Exchange RateFee AUDTotal CostDeal Links
National Australia Bank (nab) logo
2,218.79 PGK
Compare
2.2412106.28%
Westpac logo
2,161.96 PGK
57 PGK
2.1838A$108.68%
Travelex Online AU logo
2,150.1 PGK
69 PGK
2.1501$0 BPay, Card 0.72%-1%9.18%
Banks - Average Rate
Westpac logo ANZ Bank logo National Australia Bank (nab) logo
2,095 PGK
124 PGK
2.11611011.51%
Travel Money Oz logo
1,917.1 PGK
302 PGK
1.9171$0 BPay, Credit Card 1%19.02%
ANZ Bank logo
1,904.17 PGK
315 PGK
1.9234A$1019.57%
National Australia Bank (nab): Travel Money AUD→PGK
AUD amount:$1,000 AUD
Fee:10
Exchange Rate:2.2412 (5.33% from mid-rate)
PGK amount:2,218.79 PGK
Total Cost:6.28%
Time:
Rate Fetched: website - 0:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2.1/5.0
Reviews:
Westpac: Travel Money AUD→PGK
AUD amount:$1,000 AUD
Fee:A$10 AUD (1%)
Exchange Rate:2.1838 (7.76% from mid-rate)
PGK amount:2,161.96 PGK
Total Cost:8.68%
Time:
Rate Fetched: website - Mon Apr 15 2019 01:04:04 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2/5.0
Reviews:
Travelex Online AU: Travel Money AUD→PGK
AUD amount:$1,000 AUD
Fee:$0 BPAY, 0.77% MasterCard debit, 0.94% MasterCard credit, 0.72% Visa debit and 1% Visa credit
Exchange Rate:2.1501 (9.18% from mid-rate)
PGK amount:2,150.1 PGK
Total Cost:9.18%
Time:
Rate Fetched: Tue Jul 23 2019 22:00:05 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

Banks - Average Rate

Travel Money AUD→PGK
AUD amount:$1,000 AUD
Fee:10
Exchange Rate:2.2504 (4.95% from mid-rate)
PGK amount:2,095 PGK
Total Cost:11.51%
Currency Services:Branch
Delivery/Collect:-
Travel Money Oz: Travel Money AUD→PGK
AUD amount:$1,000 AUD
Fee:$0 BPay, Credit Card 1%
Exchange Rate:1.9171 (19.02% from mid-rate)
PGK amount:1,917.1 PGK
Total Cost:19.02%
Time:
Rate Fetched: Tue Jul 23 2019 22:00:07 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup
Delivery/Collect:3-5 days
Rating:
 
: 4.2/5.0
Reviews:
ANZ Bank: Travel Money AUD→PGK
AUD amount:$1,000 AUD
Fee:A$10 AUD (1%)
Exchange Rate:1.9234 (18.76% from mid-rate)
PGK amount:1,904.17 PGK
Total Cost:19.57%
Time:
Rate Fetched: website - Tue Jul 23 2019 22:03:03 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 3/5.0
Reviews:
 
Snapshot 07/24/2019 - See full table

AUD to PGK interbank exchange rate = 2.3775

 
 

Exchange Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   

Compare savings on AUD/PGK exchange rates

Foreign Transfers Travel Money

Foreign Transfers Travel Money

   

AUD and PGK in the Markets

When determining the best time to make a foreign exchange transaction, in this case the AUD vs PGK, you should pay attention to the recent market trends for both currencies.

 

Australian Dollar (AUD)

In late June and early July, the Australian dollar recovered from multi-month lows against a number of important currencies; however, these recoveries were minor relative to losses over the past 18 months. Against the US dollar, at a rate of 70¢ (July-2), the Aussie was 14 percent lower than its best rate from 2018.

Investors have sold AUD in recent months as they’ve bet on aggressive interest-rate cuts by the Reserve Bank of Australia. These bets paid off: the RBA cut its cash rate in both June and July to a record low of 1 percent.

Lower borrowing costs are necessary, investors believe, in light of persistently soft domestic data and the fallout from a US-China trade standoff that shows no sign of nearing an end.

AUD will continue to track changes in interest-rate expectations. Economists expect at least one further cut this year and many expect two by early 2020. After July's cut, the RBA hinted it would leave rates unchanged for several months.

Interestingly, AUD has decoupled from commodity prices in 2019. The price of iron ore (Australia’s largest export) nears multi-year highs while AUD languishes.

Further RBA interest rate cuts this year are now a certainty, and that doesn’t bode well for currency valuations. Westpac has predicted three cuts this year.

Read more in the article AUD Forecasts.

 

Papua New Guinean Kina (PGK)

No recent Papua New Guinean Kina market updates.

Why can't I just get the AUD/PGK market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the AUD / PGK was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

View all AUD Exchange Rates