Time series key
|
BBEX3.M.PGK.DEM.CM.AC.A01 |
Unit
|
DEM |
Dimension
|
one |
Timespan
|
from
1976-09 to
1998-12 |
Last update
|
20.09.2023 02:46:47 PM |
|
|
Methodology
|
Calculated on the basis of the buying and selling rates |
Source
|
Since January 1983: Westpac Bank (PNG) Limited, Port Moresby. Until the end of 1982: Bank of Papua New Guinea, Port Moresby. |
|
|
Comment on
1994-09 |
On 12 September 1994, the exchange rates were adjusted more sharply. We recorded the following exchange rates (buying/selling rate): 9 September 1994: PGK 1 = DEM 1.6512 / 1.6185 12 September 1994: PGK 1 = DEM 1.4338 / 1.4054 Calculated devaluation: 13.2%. |
Comment on
1990-01 |
On 9 January 1990, the kina was devalued. We recorded the following exchange rates (middle): 8 January 1990: PGK 1 = DEM 1.9564 9 January 1990: PGK 1 = DEM 1.7409 Calculated devaluation: 11.0%. |
Comment on
1987-03 |
Exchange rate as of 1 April 1987. |
Comment on
1983-03 |
On 8 March 1983, following the depreciation of the Australian dollar, the kina was devalued by 5.5% against the trade-weighted currency basket. We recorded the following exchange rates (buying/selling rate) for the Deutsche Mark: 7 March 1983: PGK 1 = DEM 3.1450 / 3.1372 8 March 1983: PGK 1 = DEM 2.8242 / 2.8186 On the basis of the above-mentioned rates, the kina experienced a devaluation of 10.2%. |