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Best Exchange Rates

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Compare USD to PGK foreign transfers

Save with best rates & low fees on Papua New Guinean Kina foreign transfers versus the Banks

 

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This calculator compares exchange rates for USD to PGK international money transfers. You can also compare USD to PGK travel money rates or use our quick and easy USD to PGK currency converter instead.

Currency news and forecasts for United States Dollar and Papua New Guinean Kina

Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency must always be quoted in comparison to a second currency.

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

United States Dollar (USD) - Market news and forecasts

14-December-18: Against a basket of currencies, the US dollar struck an 18-month high in mid-December after negative political and economic developments weighed on rest-of-the-world currencies. At the time of writing, the dollar was showing trade-weighted appreciation of 6 percent for 2018 and was on course to gain in 10 of the year’s 12 months.

The dollar had strengthened to levels near $1.13 against the euro, which suffered due to disappointing eurozone economic data and Brexit-related uncertainties.

Brexit allowed the dollar to gain handsomely against the pound in 2018. On December-11, GBP/USD traded below 1.25 for the first time since early 2017.

The economic slowdown in China has also helped the dollar by creating safe haven flows into the US. The dollar has yet to reach the magic 7-yuan level but remains close to it, at levels near 6.9.

For 2019, JP Morgan and Morgan Stanley are both bearish the greenback. The banks remain skeptical over future Fed interest rate hikes and point to a possible US economic downturn in the second half of the year.

Scotiabank is forecasting EUR/USD at $1.30 by 2019 year-end, indicating a potential 13 percent decline in the dollar’s buying power.

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

No recent Papua New Guinean Kina market updates.