1 PGK to BMD Bermudian Dollar

December 19, 2022 by pkr_to_usd_786

1 PGK to BMD Bermudian Dollar
Papua New Guinea Kina , The Kina (ISO 4217 currency code: PGK, the currency symbol: K) is the currency of Papua New Guinea. It is divided into 100 toea. The na … >>> Find out more from wikipedia. category >>> PGK

1 PGK to BMD Bermudian Dollar

1 Papua New Guinean Kina ( PGK ) = 0.27406890464344 Bermudian Dollar (BMD)

1 PGK = 0.27406890464344 BMD

1 BMD = 3.6487174687 PGK

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1 Papua New Guinean Kina ( PGK ) Is equal to 0.27406890464344 Bermudian Dollar (BMD)
Papua New Guinea Kina
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Papua New Guinean Kina

Papua New Guinea Kina , The Kina (ISO 4217 currency code: PGK, the currency symbol: K) is the currency of Papua New Guinea. It is divided into 100 toea. The name Kina is derived from Kuanua language of the Tolai region, referring to a callable pearl shell used widely for trading in both the Coastal and Highlands areas of the country. The kina was introduced on 19 May 1975 and circulated along with the Australian dollar until 31 December 1975. The two currencies were equal in value (K1 = A$1). The next day, the dollar ceased to be legal tender in Papua New Guinea. The kina has been a historically stable currency; the economy has never experienced exorbitant rates of monetary inflation. During its early years, the kina experienced an appreciation relative to the Australian dollar, reaching a value of approximately A$1.30 in 1980. The kina reached a peak relative to the Australian dollar in 1986 (K1 = A$1.54). The kina remained stable until 1995, when the country started experiencing double-digit annual rates of inflation, causing its value to drop gradually. The kina fell below the Australian dollar in 1996. Elevated rates of inflation persisted, and by 2002, the value of the kina fell below A$0.50. For most of the time since then, with the exception of between September 2008 and March 2009, the kina traded below A$0.50. The average exchange rate of one kina in September 2022 was: K1 = US$0.2840, which means that US$1 = K3.52. Find out more from wikipedia

Bermudian Dollar

The Bermudian dollar (symbol: $; code: BMD; also abbreviated BD$; informally called the Bermuda dollar) is the official currency of the British Overseas Territory of Bermuda. It is subdivided into 100 cents. The Bermudian dollar is not normally traded outside Bermuda, and is pegged to the United States dollar at a one-to-one ratio. Both currencies circulate in Bermuda on an equal basis. For nearly four hundred years Spanish dollars, known as "pieces of eight" were in widespread use on the world's trading routes, including the Caribbean region. However, following the revolutionary wars in Latin America, the source of these silver trade coins, dried up. The United Kingdom had adopted a very successful gold standard in 1821, and so the year 1825 was an opportune time to introduce the British sterling coinage into all the British colonies. An imperial Order in Council was passed in that year for the purposes of facilitating this aim by making sterling coinage legal tender in the colonies at the specified rate of 1 Spanish dollar to 4 shillings, 4 pence sterling. As the sterling silver coins were attached to a gold standard, this exchange rate did not realistically represent the value of the silver in the Spanish dollars as compared to the value of the gold in the British gold sovereign. Because of this, the conversion had the opposite effect in many colonies, and actually drove sterling coinage out of circulation, rather than encouraged its use. Remedial legislation had to be introduced in 1838 so as to change over to the more realistic rating of $1 = 4s 2d. However, in Jamaica, British Honduras, Bermuda, and later in the Bahamas also, the official rating was set aside in favour of what was known as the 'Maccaroni' tradition in which a British shilling, referred to as a 'Maccaroni', was treated as one quarter of a dollar. The common link between these four territories was the Bank of Nova Scotia which brought in the 'Maccaroni' tradition, resulting in the successful introduction of both sterling coinage and sterling accounts. It wasn't however until 1 January 1842 that the authorities in Bermuda formally decided to make sterling the official currency of the colony to circulate concurrently with Doubloons (64 shillings) at the rate of $1 = 4s 2d. Contrary to expectations, and unlike in the Bahamas where US dollars circulated concurrently with sterling, the Bermudans did not allow themselves to be drawn into the U. S. currency area. The Spanish dollars fell away in the 1850s but returned again in the 1870s following the international silver crisis of 1873. In 1874, the Bermuda merchants agreed unanimously to decline to accept the heavy imports of US currency except at a heavy discount, and it was then exported again. And in 1876, legislation was passed to demonetise the silver dollars for fear of them returning. In 1882, the local 'legal tender act' demonetised the gold doubloon, which had in effect been the real standard in Bermuda, and this left pounds, shillings, and pence as the sole legal tender. The pound sterling remained the official currency of Bermuda until 1970, though the Government of Bermuda did issue its own pound banknotes. With US and Canadian coins regularly appearing in circulation in Bermuda and the possibility of the devaluation of the pound sterling, Bermuda was compelled to adopt its own decimal currency. On 6 February 1970, Bermuda introduced a new decimal currency in the form of a dollar. The nascent Bermudian dollars circulated in conjunction with the new British decimal coinage a year before it was introduced in the United Kingdom. By adopting decimalisation early, Bermuda was also able to place orders for the coinage from the Royal Mint before other Commonwealth countries seeking to decimalise could. The link between the Bermudian dollar and the pound sterling was not broken until 31 July 1972, which allowed Bermuda to align to a one-to-one exchange rate with that of the United States. The decision for Bermuda to peg its dollar to the US dollar added convenience for the multitude of American tourists and businesses upon whom Bermuda largely relied. Since 1972, Bermudian law has required that local businesses charge prices in Bermudian dollars which, if paid in US dollars, must be accepted at a rate of 1:1. Only banks are legally allowed to exchange Bermudian dollars into US dollars or other currencies, subject to a 1% Foreign Currency Purchase Tax (some banks also charge an exchange fee).
Find out more from wikipedia

Convertion Chart PGK to BMD
PGK		BMD


5 PGK	=	1.3703 BMD
10 PGK	=	2.7407 BMD
15 PGK	=	4.111 BMD
20 PGK	=	5.4814 BMD
25 PGK	=	6.8517 BMD
30 PGK	=	8.2221 BMD
35 PGK	=	9.5924 BMD
40 PGK	=	10.9628 BMD
45 PGK	=	12.3331 BMD
50 PGK	=	13.7034 BMD
55 PGK	=	15.0738 BMD
60 PGK	=	16.4441 BMD
65 PGK	=	17.8145 BMD
70 PGK	=	19.1848 BMD
75 PGK	=	20.5552 BMD
80 PGK	=	21.9255 BMD
85 PGK	=	23.2959 BMD
90 PGK	=	24.6662 BMD
95 PGK	=	26.0365 BMD
100 PGK	=	27.4069 BMD
105 PGK	=	28.7772 BMD
110 PGK	=	30.1476 BMD
115 PGK	=	31.5179 BMD
120 PGK	=	32.8883 BMD
125 PGK	=	34.2586 BMD
130 PGK	=	35.629 BMD
135 PGK	=	36.9993 BMD
140 PGK	=	38.3696 BMD
145 PGK	=	39.74 BMD
150 PGK	=	41.1103 BMD
155 PGK	=	42.4807 BMD
160 PGK	=	43.851 BMD
165 PGK	=	45.2214 BMD
170 PGK	=	46.5917 BMD
175 PGK	=	47.9621 BMD
180 PGK	=	49.3324 BMD
185 PGK	=	50.7027 BMD
190 PGK	=	52.0731 BMD
195 PGK	=	53.4434 BMD
200 PGK	=	54.8138 BMD
205 PGK	=	56.1841 BMD
210 PGK	=	57.5545 BMD
215 PGK	=	58.9248 BMD
220 PGK	=	60.2952 BMD
225 PGK	=	61.6655 BMD
230 PGK	=	63.0358 BMD
235 PGK	=	64.4062 BMD
240 PGK	=	65.7765 BMD
245 PGK	=	67.1469 BMD
250 PGK	=	68.5172 BMD
255 PGK	=	69.8876 BMD
260 PGK	=	71.2579 BMD
265 PGK	=	72.6283 BMD
270 PGK	=	73.9986 BMD
275 PGK	=	75.3689 BMD
280 PGK	=	76.7393 BMD
285 PGK	=	78.1096 BMD
290 PGK	=	79.48 BMD
295 PGK	=	80.8503 BMD
300 PGK	=	82.2207 BMD
305 PGK	=	83.591 BMD
310 PGK	=	84.9614 BMD
315 PGK	=	86.3317 BMD
320 PGK	=	87.702 BMD
325 PGK	=	89.0724 BMD
330 PGK	=	90.4427 BMD
335 PGK	=	91.8131 BMD
340 PGK	=	93.1834 BMD
345 PGK	=	94.5538 BMD
350 PGK	=	95.9241 BMD
355 PGK	=	97.2945 BMD
360 PGK	=	98.6648 BMD
365 PGK	=	100.0352 BMD
370 PGK	=	101.4055 BMD
375 PGK	=	102.7758 BMD
380 PGK	=	104.1462 BMD
385 PGK	=	105.5165 BMD
390 PGK	=	106.8869 BMD
395 PGK	=	108.2572 BMD
400 PGK	=	109.6276 BMD
405 PGK	=	110.9979 BMD
410 PGK	=	112.3683 BMD
415 PGK	=	113.7386 BMD
420 PGK	=	115.1089 BMD
425 PGK	=	116.4793 BMD
430 PGK	=	117.8496 BMD
435 PGK	=	119.22 BMD
440 PGK	=	120.5903 BMD
445 PGK	=	121.9607 BMD
450 PGK	=	123.331 BMD
455 PGK	=	124.7014 BMD
460 PGK	=	126.0717 BMD
465 PGK	=	127.442 BMD
470 PGK	=	128.8124 BMD
475 PGK	=	130.1827 BMD
480 PGK	=	131.5531 BMD
485 PGK	=	132.9234 BMD
490 PGK	=	134.2938 BMD
495 PGK	=	135.6641 BMD
500 PGK	=	137.0345 BMD

Convertion Chart BMD to PGK
Bermudian Dollar		PGK


5 BMD	=	18.2436 PGK
10 BMD	=	36.4872 PGK
15 BMD	=	54.7308 PGK
20 BMD	=	72.9743 PGK
25 BMD	=	91.2179 PGK
30 BMD	=	109.4615 PGK
35 BMD	=	127.7051 PGK
40 BMD	=	145.9487 PGK
45 BMD	=	164.1923 PGK
50 BMD	=	182.4359 PGK
55 BMD	=	200.6795 PGK
60 BMD	=	218.923 PGK
65 BMD	=	237.1666 PGK
70 BMD	=	255.4102 PGK
75 BMD	=	273.6538 PGK
80 BMD	=	291.8974 PGK
85 BMD	=	310.141 PGK
90 BMD	=	328.3846 PGK
95 BMD	=	346.6282 PGK
100 BMD	=	364.8717 PGK
105 BMD	=	383.1153 PGK
110 BMD	=	401.3589 PGK
115 BMD	=	419.6025 PGK
120 BMD	=	437.8461 PGK
125 BMD	=	456.0897 PGK
130 BMD	=	474.3333 PGK
135 BMD	=	492.5769 PGK
140 BMD	=	510.8204 PGK
145 BMD	=	529.064 PGK
150 BMD	=	547.3076 PGK
155 BMD	=	565.5512 PGK
160 BMD	=	583.7948 PGK
165 BMD	=	602.0384 PGK
170 BMD	=	620.282 PGK
175 BMD	=	638.5256 PGK
180 BMD	=	656.7691 PGK
185 BMD	=	675.0127 PGK
190 BMD	=	693.2563 PGK
195 BMD	=	711.4999 PGK
200 BMD	=	729.7435 PGK
205 BMD	=	747.9871 PGK
210 BMD	=	766.2307 PGK
215 BMD	=	784.4743 PGK
220 BMD	=	802.7178 PGK
225 BMD	=	820.9614 PGK
230 BMD	=	839.205 PGK
235 BMD	=	857.4486 PGK
240 BMD	=	875.6922 PGK
245 BMD	=	893.9358 PGK
250 BMD	=	912.1794 PGK
255 BMD	=	930.423 PGK
260 BMD	=	948.6665 PGK
265 BMD	=	966.9101 PGK
270 BMD	=	985.1537 PGK
275 BMD	=	1003.3973 PGK
280 BMD	=	1021.6409 PGK
285 BMD	=	1039.8845 PGK
290 BMD	=	1058.1281 PGK
295 BMD	=	1076.3717 PGK
300 BMD	=	1094.6152 PGK
305 BMD	=	1112.8588 PGK
310 BMD	=	1131.1024 PGK
315 BMD	=	1149.346 PGK
320 BMD	=	1167.5896 PGK
325 BMD	=	1185.8332 PGK
330 BMD	=	1204.0768 PGK
335 BMD	=	1222.3204 PGK
340 BMD	=	1240.5639 PGK
345 BMD	=	1258.8075 PGK
350 BMD	=	1277.0511 PGK
355 BMD	=	1295.2947 PGK
360 BMD	=	1313.5383 PGK
365 BMD	=	1331.7819 PGK
370 BMD	=	1350.0255 PGK
375 BMD	=	1368.2691 PGK
380 BMD	=	1386.5126 PGK
385 BMD	=	1404.7562 PGK
390 BMD	=	1422.9998 PGK
395 BMD	=	1441.2434 PGK
400 BMD	=	1459.487 PGK
405 BMD	=	1477.7306 PGK
410 BMD	=	1495.9742 PGK
415 BMD	=	1514.2177 PGK
420 BMD	=	1532.4613 PGK
425 BMD	=	1550.7049 PGK
430 BMD	=	1568.9485 PGK
435 BMD	=	1587.1921 PGK
440 BMD	=	1605.4357 PGK
445 BMD	=	1623.6793 PGK
450 BMD	=	1641.9229 PGK
455 BMD	=	1660.1664 PGK
460 BMD	=	1678.41 PGK
465 BMD	=	1696.6536 PGK
470 BMD	=	1714.8972 PGK
475 BMD	=	1733.1408 PGK
480 BMD	=	1751.3844 PGK
485 BMD	=	1769.628 PGK
490 BMD	=	1787.8716 PGK
495 BMD	=	1806.1151 PGK
500 BMD	=	1824.3587 PGK