Danish Krone to Papua New Guinean Kina

The Danish krone (international symbol: kr, code: DKK ,number: 208) is the official currency of Denmark effective since 1873.The crone is subdivided into 100 era coins. The banknotes issued since 1945 are still in circulation.

The Danish currency is pegged to the euro at a fixed exchange rate of 7.4 krones for 1 euro, which is supposed to be preserved until the country joins the Eurozone. The Danish currency is used for cash payments and non-cash transfers in Greenland. It is also in circulation on the Faroe Islands, at the exchange rate for local crowns of 1: 1.

The kina (sign К, code PGK) is the currency of a state in Oceania – Papua New Guinea. The currency is not accepted for payment outside the country. One kina is subdivided into 100 smaller coins called toea.

The currency has become official in 1975. Before that, the country had a foreign currency, which was the Australian dollar. The appearance of the currency was connected to the fact that Papua New Guinea gained independence. At first, the Australian dollar also participated in payment operations, but in 1976, it was completely eliminated.