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AUD to PGK - Compare Exchange Rates

Australian Dollar to Papua New Guinean Kina - Convert Compare Save

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

 

AUD to PGK interbank exchange rate = 2.4008

Right now the AUD/PGK interbank exchange rate is 2.4008. It’s also called the mid-market rate or just the mid-rate and is the rate that banks use when trading large amounts of foreign currencies with one another.

It's the reference rate we use to calculate how much you are being charged to convert Papua New Guinean Kina to Australian Dollar.

This AUD/PGK Converter calculates equivalent Australian Dollar to Papua New Guinean Kina amounts at the market mid-rate. You can also enter your own rates to find out the percentage difference to the latest market rates you are being charged.

AUD / PGK converter & margin calculator


$AUD
KPGK
Mid-rates:
 

Compare how much you can save on
AUD/PGK exchange rates for:

Foreign Transfers Travel Money

1 Week AUD to PGK
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Australian Dollar

Papua New Guinean Kina

1 AUD 2.4008 PGK
5 AUD 12.00 PGK
10 AUD 24.01 PGK
20 AUD 48.02 PGK
50 AUD 120.04 PGK
100 AUD 240.08 PGK
250 AUD 600.20 PGK
500 AUD 1,200.40 PGK
1,000 AUD 2,400.80 PGK
2,000 AUD 4,801.60 PGK
5,000 AUD 12,004.00 PGK
10,000 AUD 24,008.00 PGK
50,000 AUD 120,040.00 PGK
100,000 AUD 240,080.00 PGK
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Australian Dollar

Papua New Guinean Kina

0.4165 AUD 1 PGK
2.0825 AUD 5 PGK
4.1650 AUD 10 PGK
8.3300 AUD 20 PGK
20.83 AUD 50 PGK
41.65 AUD 100 PGK
104.13 AUD 250 PGK
208.25 AUD 500 PGK
416.50 AUD 1,000 PGK
833.00 AUD 2,000 PGK
2,082.50 AUD 5,000 PGK
4,165.00 AUD 10,000 PGK
20,825.00 AUD 50,000 PGK
41,650.00 AUD 100,000 PGK
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PGK Country Guides
Papua New GuineaPapua New Guinea

Australian Dollar to Papua New Guinean Kina (AUD-PGK) - 10 Year History

The below table shows the historic variation in the AUD/PGK exchange rate over the last 10 years. The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour. You can also view our various charts of AUD versus other currencies : AUD historical charts.

DateExchange RatePeriodChange
20 Mar 20192.3915Latest
13 Mar 20192.39331 Week-0.08%
18 Feb 20192.40331 Month-0.49%
21 Sep 20182.42486 Months-1.37%
20 Mar 20182.49071 Year-3.98%
20 Mar 20172.48662 Years-3.82%
21 Mar 20142.41585 Years-1.01%
22 Mar 20091.949810 Years+22.65%

Why can't I just get the AUD/PGK market rate I see on Google or in the Media?

The AUD/PGK mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the AUD / PGK was traded (bought or sold) in the international markets.

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.

The closer your final exchange rate is to the market AUD/PGK midrate the better deal you are getting.

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

The three things you need in order to get a good AUD to PGK exchange rate

  1. Know the latest AUD/PGK market mid-rate. The closer your final exchange rate is to this real market rate the better deal you are getting. You should also judge how the current rate compares to the historic rate over the past 10 years.
  2. Compare your Bank's transaction costs to several licensed FX providers, remember to compare the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions.
  3. Review up-to-date Currency News and Forecasts for both the and currencies, if available.

Currency news and forecasts for Australian Dollar and Papua New Guinean Kina

Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.

So it follows that if you are determining the best time to transact, in this case the AUD vs PGK, you should pay attention to both Australian Dollar and Papua New Guinean Kina news and forecasts.

Australian Dollar (AUD) - Market news and forecasts

Following a flash crash in early January, which saw the Australian dollar briefly trade at a 10-year low of $0.674, the Aussie recovered to $0.73, but then, as it had done before the flash crash, it commenced with a slow and steady decline, and it was back at $0.705 in mid-March and was predicted to fall further.

In February, HSBC predicted a year-end AUD/USD rate of $0.66. In March, Westpac and JP Morgan were slightly more upbeat and argued for $0.68.

Fuelling lower exchange rate forecasts is the Australian economic story, for which major themes include a housing market slump, Chinese growth and the US-China trade spat. The RBA slashed growth forecasts in February and markets are now pricing in 1-2 interest rate cuts this year.

Another Aussie exchange rate worth mentioning is AUD/GBP, which sank in mid-March to its lowest level in nearly 3 years, at just £0.53. The Australian dollar has been unable to compete with the pound of late, since the latter benefits every time the British government fails to make a decision on how to deliver Brexit (every time Brexit appears less likely or to be delayed).

Papua New Guinean Kina (PGK) - Market news and forecasts

No recent Papua New Guinean Kina market updates.