Currency Pair PGK/UGX: Papua New Guinean Kina and Ugandan Shilling

The currency pair PGK/UGX represents the exchange rate between the Papua New Guinean Kina (PGK) and the Ugandan Shilling (UGX). Understanding the dynamics between these two currencies can be crucial for investors, businesses, and individuals involved in trade or travel between these two countries.

Papua New Guinean Kina (PGK)

Papua New Guinea's currency, the Kina (PGK), was introduced in 1975, replacing the previous currency, the Australian Dollar. The Kina is divided into 100 toea and is a stable currency in the region. Papua New Guinea is rich in natural resources such as gold, copper, and oil, which impact the value of the PGK.

Ugandan Shilling (UGX)

Uganda's currency, the Shilling (UGX), was introduced in 1966, replacing the East African Shilling. The UGX is divided into 100 cents and is used throughout Uganda. The country's economy is primarily agriculture-based, but sectors like tourism and mining also contribute to the economy and influence the currency's value.

Convert PGK to UGX and Vice Versa

To convert between PGK and UGX, you can use our currency converter. Follow these simple steps:

1. Enter the amount you want to convert.
2. Select the original currency (PGK or UGX).
3. Choose the target currency (UGX or PGK).
4. The conversion will then take place automatically.

In addition to converting PGK and UGX, you can also convert between other currencies on the same page. A chart with historical figures for the currency pair PGK/UGX is also presented alongside the conversion, providing you with a deeper insight into the currencies' historical performance.

Summary

Understanding the currency pair PGK/UGX is important for navigating the economic relationship between Papua New Guinea and Uganda. Whether you are an investor, business owner, or tourist, our currency converter can help you easily and quickly exchange between different currencies.