Papua New Guinean Kina to Canadian Dollar

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.

The Canadian dollar (symbol: CA$, code: CAD, number 124) is Canada's monetary unit since 1858. It is subdivided into 100 cents. The Canadian currency is among the most traded on the world currency market.

The CAD exchange rate largely depends on the state of the economy of the neighboring United States and the changing position of the US dollar. Although several generations of dollars have already been produced in the country, old issues are still accepted. All banknotes printed after 1935 remain legal tender.