Papua New Guinean Kina to Mexican Peso

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 Mexican peso (symbol: $, code: MXN, number: 484 ) is the currency of Mexico. It is divided into 100 centavos. The name "peso" was first used to denote Mexican money in 1863.

During the denomination of 1993 the old pesos were exchanged for new ones at a rate of 1000:1. The currency is accepted in the country on the par with the US dollar. To avoid any confusion, the symbol of the national currency is written as an S with one vertical trait, whilst the US dollar - with two. Symbol “ $” happened to be first used to denote the peso and not the USD.