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500 PGK to XDR - Papua New Guinean Kina to Special Drawing Rights Exchange Rate

K
PGK - Papua New Guinean KinaDown Arrow
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XDR - Special Drawing RightsDown Arrow
Exchange Rate

PGK 500 = XDR 95.655

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1 PGK = 0.19131 XDR | 1 XDR = 5.22712 PGK

Last Updated Feb 14, 5:30 IST

PGK 500 =XDR 95.655

1 PGK = 0.19131 XDR
1 XDR = 5.22712 PGK
Convert
Last Updated Feb 14, 5:30 IST
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Our converter applies the mid-market rate. It is solely for informational purposes. The Rate might differ while transferring money.

1 PGK to XDR Exchange Rate Last 5 Days
Date
Special Drawing Rights Price
Feb 13, 2025
0.19130930617675473
Feb 12, 2025
0.19101716916335248
Feb 11, 2025
0.1902004151077762
Feb 10, 2025
0.19041585766387992
Feb 9, 2025
0.19095913933294634

PGK to XDR Exchange Rate Chart

online1 PGK = 0.19131 XDR

  • 1 Week
  • 1 Month
  • 1 Year
Currency Information
PGK - Papua New Guinean Kina
Our currency rankings show that the most popular Papua New Guinean Kina exchange rate is the PGK to XDR rate. The currency code for Papua New Guinean Kina is PGK. The currency symbol is K.
More Papua New Guinean Kina inforight-arrow
XDR - Special Drawing Rights
Our currency rankings show that the most popular Special Drawing Rights exchange rate is the XDR to PGK rate. The currency code for Special Drawing Rights is XDR. The currency symbol is .
More Special Drawing Rights inforight-arrow
1 Papua New Guinean Kina to Special Drawing Rights stats
Last 30 Days
Last 90 Days
High
0.194
0.194
Low
0.188
0.187
Average
0.191
0.190
Volatility
0.78%
0.78%

How much is 500 PGK in Special Drawing Rights

The exchange value of 500 PGK in Special Drawing Rights is 95.655 XDR as on Feb 14.

How to check the exchange rate of 500 PGK to XDR with Paytm

You can check the exchange rate of 500 Papua New Guinean Kina to Special Drawing Rights by using the Paytm currency exchange rate calculator.

All you need to do to see the exchange 500 PGK to XDR online is as follows:.

  • Navigate to the Paytm currency calculator page.
  • Enter the amount 500 in the Amount section and
  • Select the currency PGK - Papua New Guinean Kina in the "From" section
  • Select XDR - Special Drawing Rights in "To" section
  • Finally, click "Convert" to see the 500 PGK to XDR conversion amount.

Methods to Convert (PGK) to Special Drawing Rights (XDR) Online

There are several online ways to convert PGK to XDR.

1. Online Banks

Most banks in India allow PGK to XDR conversion through their internet banking or mobile apps.

Steps to Convert PGK to XDR via Online Banking:

  1. Log in to your bank account.
  2. Select "Forex Services" or "Currency Exchange."
  3. Enter the PGK amount you want to convert.
  4. Check the exchange rate.
  5. Confirm and complete the transaction.

Pros:

  • Safe and secure.
  • Money gets credited directly to your account.
  • No hidden fees.

Cons:

  • Banks may offer lower exchange rates.
  • The process can take a few hours to a few days.

2. International Money Transfer Apps

Apps like Wise, PayPal, and Western Union allow PGK to XDR conversion quickly.

Steps to Convert PGK to XDR via international money transfer apps:

  1. Create an account in any app and log in.
  2. Enter the PGK amount you want to convert.
  3. Choose XDR as the receiving currency.
  4. Add the recipient‘s Indian bank details.
  5. Check the exchange rate and fees.
  6. Confirm and transfer.

Pros:

  • Better exchange rates than banks.
  • Fast transfers (few minutes to hours).
  • Small and transparent fees.

Cons:

  • Requires verification for large amounts.

3. Forex Cards

A Forex card is a prepaid card that holds multiple currencies, including PGK.

Steps to Convert PGK to XDR via Forex Card:

  1. Get a Forex card from a bank or travel agency.
  2. Load it with PGK before traveling.
  3. Use it at ATMs in India to withdraw XDR.
  4. The card automatically converts PGK to XDR at the time of withdrawal.

Pros:

  • Safer than carrying cash.
  • Good exchange rates.
  • Can be used multiple times.

Cons:

  • Some banks charge ATM withdrawal fees.
  • Limited to international travelers.

4. Cryptocurrency Exchanges

Some people use crypto exchanges to convert USD to INR through Bitcoin, Ethereum etc.

Steps to Convert PGK to XDR via Crypto:

  1. Buy Bitcoin (BTC) with PGK on a crypto exchange.
  2. Transfer the BTC to an Indian exchange.
  3. Sell it for XDR.
  4. Withdraw XDR to your bank account.

Pros:

  • Fast transactions.
  • Good for high amounts.
  • Some platforms offer zero fees.

Cons:

  • Cryptocurrency prices fluctuate.
  • May not be legal in all countries.

Places to Convert PGK to XDR Offline

There are several offline methods to exchange PGK to XDR. Let‘s explore them.

1. Banks

Banks offer currency exchange services at competitive rates. You need to visit a branch with your PGK cash and exchange it for XDR.

Steps to Exchange PGK to XDR at a Bank:

  1. Visit a bank branch that offers forex services.
  2. Carry your passport, visa, and ID proof (for foreigners).
  3. Fill out the currency exchange form.
  4. Hand over the PGK cash.
  5. Receive XDR in cash or your bank account.

Pros:

  • Safe and reliable.
  • Better exchange rates than airports.
  • Direct deposit option available.

Cons:

  • Limited working hours.
  • Requires documents for verification.

2. Currency Exchange Centers

Private money exchange centers, like Thomas Cook, Muthoot Forex, and Western Union, offer offline PGK to XDR conversion.

Steps to Exchange PGK to XDR at an Exchange Center:

  1. Visit a licensed money exchange center.
  2. Show your passport and ID proof.
  3. Provide the PGK cash for exchange.
  4. Receive XDR at the given exchange rate.

Pros:

  • Quick and easy.
  • Available in major cities and tourist areas.
  • Competitive exchange rates.

Cons:

  • Some centers charge extra service fees.
  • Not available in remote areas.

3. Airport Currency Exchange Counters

Airports have forex counters where travelers can exchange PGK to XDR.

Steps to Exchange PGK to XDR at an Airport:

  1. Locate the currency exchange counter at the airport.
  2. Show your passport and travel documents.
  3. Hand over PGK and receive XDR instantly.

Pros:

  • Convenient for travelers.
  • Open 24/7 in major airports.

Cons:

  • Higher exchange rates compared to banks.
  • Extra service fees.

4. Hotels and Travel Agencies

Some hotels and travel agencies offer currency exchange services for guests.

Steps to Exchange PGK to XDR at a Hotel or Travel Agency:

  1. Check if your hotel or travel agency provides forex services.
  2. Provide your passport and PGK cash.
  3. Receive XDR based on their exchange rate.

Pros:

  • Very convenient for travelers.
  • No need to visit a bank or forex center.

Cons:

  • Higher exchange rates.
  • Limited availability.

5. Local Money Changers

In busy markets and tourist spots, you may find local money changers who exchange PGK for XDR

Steps to Exchange PGK to XDR at a Local Money Changer:

  1. Find a trusted local money changer.
  2. Negotiate the exchange rate if possible.
  3. Provide PGK and receive XDR.

Pros:

  • Quick and easy.
  • Sometimes better rates than banks.

Cons:

  • Risk of fraud or counterfeit XDR.
  • No official receipt or record.

Documents Required for PGK to XDR Exchange

Most offline exchanges require identity proof. Here are the common documents needed:

Document TypeRequired For
PassportAll exchanges (mandatory for foreigners)

Always carry a valid ID when exchanging currency.

Tips to Get the Best Exchange Rate for converting PGK to XDR

  1. Compare Rates: Use online comparison tools to check the best PGK to XDR rates before converting.
  2. Avoid Weekends: Exchange rates are higher on weekends due to market closure.
  3. Use Low-Fee Platforms: Choose platforms like Wise or Forex cards to reduce extra charges.
  4. Avoid Airport Exchanges: Airport forex counters have the worst exchange rates.
  5. Convert Larger Amounts: Some platforms offer better rates for higher amounts.
  6. Negotiate: At local money changers, you may get a better rate if you negotiate.
  7. Check for Hidden Fees: Ask about service charges before exchanging.
  8. Verify the Notes: Always count your XDR and check for fake currency.
  9. Use Official Channels: Avoid unlicensed money changers to prevent scams.

Fees and Charges for converting PGK to XDR

MethodExchange RateTransfer FeeAvailabilitySpeed
Bank TransferLowLowLimited hours1-3 days
Any Third Party AppHighLow24/7Instant/Few minutes
Forex CardMediumLow24/7Instant
Crypto ExchangeHighLow24/7Few minutes
Exchange CentersGoodMediumWidely availableFew minutes
Airport CountersHighHigh24/7 at airportsFew minutes
Hotels/AgenciesVery HighMediumOnly for guestsFew minutes
Local Money ChangersVariesLowRisky but quickFew minutes

Benefits of PGK to XDR Conversion

Converting Papua New Guinean Kina (PGK) to Special Drawing Rights (XDR) offers several advantages, depending on your financial needs and market conditions. Here are some key benefits:

1. Favorable Exchange Rates

PGK is a strong and widely traded currency. If the exchange rate is favorable, converting PGK to XDR can give you more value for your money.

2. Higher Purchasing Power in International Monetary Fund (IMF)

Since 1 PGK equals a significantly higher amount in XDR, converting PGK to XDR increases your purchasing power, allowing you to afford more goods and services in International Monetary Fund (IMF).

3. Supports Travel and Expenses in International Monetary Fund (IMF)

If you‘re an NRI, tourist, or returning from the Papua New Guinea, converting PGK to XDR ensures you have local currency for daily expenses, shopping, and travel within International Monetary Fund (IMF).

4. Investment Opportunities

Converting PGK to XDR can help you invest in International Monetary Fund (IMF) assets, such as real estate, stocks, mutual funds, and fixed deposits, which often offer higher returns compared to Papua New Guinea markets.

5. Savings on Transaction Fees

Using a direct PGK to XDR conversion method (like Forex cards or money changers) helps avoid unnecessary fees and unfavorable exchange rates charged by international payment gateways or credit card companies.

6. Business and Trade Advantages

For businesses involved in international trade, converting PGK to XDR at the right time can help optimize costs, manage foreign exchange risks, and improve profit margins.

By choosing the right conversion method and timing, you can maximize the benefits of PGK to XDR exchange.

Frequently Asked Questions

FAQs

Can I convert PGK to XDR without a bank account?
Yes, you can use forex cards, international wallets, or cash exchanges.
How long does it take to convert PGK to XDR online?
It depends on the method: • Bank Transfers: 1-3 days • Wise & PayPal: A few minutes to hours • Crypto: A few minutes • Forex Cards: Instant at ATMs
Is it safe to convert PGK to XDR online?
Yes, but use trusted platforms like banks, Wise, or PayPal. Avoid unknown websites to prevent fraud.
Are there any hidden charges?
Always check for: • Transfer fees • Conversion charges • GST or other taxes • Bank charges (for wire transfers)
Can I exchange PGK to XDR without a passport?
Most licensed exchanges require a passport, especially for large amounts. Small amounts may be exchanged with an Aadhaar or PAN card.
How much PGK can I exchange at a time?
There is no strict limit, but heavy transactions may require extra documentation and approval from respective authorities.
Is it safe to exchange money at local money changers?
It can be risky. Always choose a trusted and licensed money changer to avoid scams.
Do banks offer the best exchange rates?
Banks usually offer better rates than airports and hotels, but money exchange centers might have even better deals.
What should I do if I receive fake XDR notes?
If you suspect fake notes, inform the exchange center immediately and report it to the local police if necessary.
What is the 500 Papua New Guinean Kina (PGK) worth against the Special Drawing Rights?
500 PGK is worth 95.655 Special Drawing Rights today
What is the 25 Papua New Guinean Kina (PGK) worth against the Special Drawing Rights?
25 PGK is worth 4.783 Special Drawing Rights today
What is the 1 Papua New Guinean Kina (PGK) worth against the Paraguayan Guarani?
1 PGK is worth 1965.2191395078803 PYG today
What is the strongest currency in the world right now?
Despite being the most traded and powerful currency in the world, the US dollar may not be the most expensive. On the other hand, Kuwait's strong economy has made the Kuwaiti dinar (KWD) the world's most valuable currency. 1 KWD = $3.26.
What is the top 10 highest currency in the world?
Kuwaiti Dinar, Bahraini Dinar, Omani Rial, Jordanian Dinar, British Pound Sterling, Cayman Islands Dollar, European Euro, Swiss Franc, US Dollar, and Canadian Dollar are the top ten most valuable currencies in the world.
Which is the lowest currency in the world?
The Iranian Rial is the world's most affordable currency.

Source of the rates:apilayer.com

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