ANZ Exchange Rate Calculator - The Currency Shop Our Privacy Statementexplains how we use cookies. This is your 6-digit BSB, followed by your 6-digit account number. The term PNG Business Directory or us or we refers to the owner of the website. The Costs Combined. AUD/USD Forex Technical Analysis - Underpinned by RBA Rate Hike Calculator - Bank of South Pacific - Fiji. Online Live Exchange Rates. BSP and Westpac PNG obliged with a 1 per . Westpac is represented in Papua New Guinea by Westpac Bank - PNG - Limited. Welcome to the page of Papua New Guinea Kina (PGK) Exchange Rate (Papua New Guinea Kina Currency Conversion). 3.5682 PGK. The information on this page, terms and conditions and pricing for foreign exchange products and services are subject to change from time to time. To convert a Foreign Currency in FJD "divide by the rate". Refinitiv is not liable for any errors or delays in Refinitiv content, or for any actions taken in reliance on such content. The mid market rate on Wise at the same time of checking is 0.54622 and that will give your recipient 546.22 GBP *. The online desktop interfaces are less intuitive than the mobile apps, but it is still easy to transfer money. Loans JPY 38.80. This information does not take your personal objectives, circumstances or needs into account. With Westpacs margin, AUD $1.00 would get you USD $0.73. With more than 14 million customers and 40,000 employees, Westpac Bank is easily one of Australias largest. We'd love to know what you think about MoneyTransfers.com. Your beneficiary can provide the IBAN for your transfer or if paying to your own account, your overseas bank can provide these details. Westpac Banks exchange rates are higher than average. Westpac Pacific had net assets of $580m at the end of September last year, net loans of $1.58bn, deposits of $2.34bn and risk weighted assets of $2.9bn. But many money transfer providers will charge a much smaller margin on exchange rates. You can also reach them any time if a Westpac card is lost or stolen. It is described as floating by the Bank of Papua New Guinea (BPNG), and as de facto peg by the International Monetary Fund (IMF). But it is much easier to reap their rewards if you live in Australia. This rate is consistent, with only one more expensive exception. The cost of international money transfers with Westpac will depend on where you are sending money from and to. Westpac has updated its website and as a result you will notice the Online Banking Sign-In page has a new design. 325 6113. Link to this page - if you would like to link to Papua New Guinea Kina(PGK) Exchange Rates. Home Loans You must be registered for. Consider its appropriateness to these factors before acting on it. Neither Westpac nor its other subsidiaries guarantee or otherwise support the performance of WNZL in respect of any such product. Stockbrokers, Aitape TownAlotau TownArawa TownBiala TownBoroko TownSpring Garden RoadBuka TownBulolo TownDaru TownGordons TownGoroka TownKainantu TownKavieng TownKerema TownKimbe TownKiunga TownKokopo TownKundiawa TownLae TownLae TownLae TownLihir TownLorengau TownMadang TownMendi TownMoro Camp SiteMotukea TownMount Hagen TownPopondetta TownPorgera TownRabaul TownTabubil TownTari TownVanimo TownVision CityWabag TownWaigani TownWaigani TownWewak Town, Head Office Level 9 Kina Haus Douglas Street, Turumu Street Boroko NCDCnr Waigini Drive & Cameron Road Waigani Port MoresbyCnr Musgrave Stree & Champion Parade Port MoresbyElizabeth Street Goroka Eastern Highlands ProvincePoreporena FreewayTari Southern Highlands ProvinceJacksons Airport Port MoresbyCNR San Remo Drive & Talasea Road KimbePeter Torot Street Takubar KokopoCNR Cedarbank Street & Aircorps Road LAESecond Street Lae Morobe ProvinceBlock 830 Wide Road LihirCoastwatchers Avenue MadangHagen Drive Mount HagenCnr Waigani & Islander Drive Port MoresbyCentre Street Wewak, Banking Services Westpac international transfer: Fees, rates and transfer time Links on this site may direct you to the websites of our partners. Business Banking / Exchange Rates / Calculator. **The Westpac foreign cash service (both buy and sell) is only available to Westpac New Zealand Limited customers. *?|Y U7Wb;#%o |g Detailed information about the bank, the banks coming, address, phone number, directions. It is back to the drawing board for Kina Bank and Westpac, as Papua New Guinea's Independent Consumer and Competition Commission has issued a 'final determination' declining authorisation of Kina's proposed acquisition of Westpac Papua New Guinea. It is always cheaper to send more money at once, but expect Westpac to take a large portion for their exchange rate margins. It usually looks like a shortened version of that bank's name. Your use of any information or materials on this website is entirely at your own risk, for which we shall not be liable. o?~/_*<>*KGu9~|? While you get a lot in return in terms of service and security, it can be painful to pay 6% to 8% of your transfers balance for every transfer. The global indices company says the depreciation of the PNG Kina against the US Dollar, falling around 15 per cent since 2015, is not supported by the Bank of PNGs weak monetary policy flexibility and this weakness mainly reflects the limited transmission of monetary policy settings to the interest rates faced by borrowers. "PNG's exchange-rate arrangements are crawl-like," according to the IMF, with BSP . If you need to pick up foreign cash before you travel, visit your local branch. Westpac, like other transfer providers, will provide you with its own exchange rate. The code for the Papua New Guinea Kina is PGK; The symbol for the Papua New Guinea Kina is ; The Kina is divided into 100 toeas; For 2023, one Dollar has equalled. This information has been prepared by Westpac Banking Corporation ABN 33 007 457 141 AFSL 233714 ("Westpac"). Home; . Port Moresby. Financial Advice The exchange rates above are indicative only and subject to change without notice. They offer simple online requests and charge flat fees. If you go to a branch, it costs $32, or $10 to send money to Pacific Westpac accounts. Westpac Sells Pacific Businesses. WPACHKHXTRD Swift Code/BIC WESTPAC BANKING CORPORATION Hong Kong South Georgia and the South Sandwich Islands. They may also vary depending on the type of the transaction involved, and may be different for transactions over a certain amount. =. The date and time you access our site (in our timezone GMT+10). IMF joins BSP Financial Limited and Westpac bank to say PNG governments past and present failed to manage the shortage of US dollars and other currencies in the financial markets with the country continuously facing a growing demand against supply. Exchange Rate Sheet Date : 03-03-2023 PNG Kina Against Inward TTs Cheques & Travellers Cheques Notes Buy Outward TTs Notes Westpac buys overseas currency at Westpac Sells at Notes Sell USD United States Dollar 0.2915 0.3005 0.3014 0.2386 0.2765 AUD Australian Dollar 0.4219 0.4303 0.4368 0.3532 0.4069 There are no guaranteed rates in these cases, and your final rates may vary widely. Reproduction is prohibited other than in accordance with the copyright notice, which forms part of these terms and conditions. PDF PNG Kina Against Outward TTs Cheques - Westpac Covid-19 NOTICE: Westpac Bank temporarily suspended account opening for people outside of Australia due to legal restrictions laid out by the Australian Federal Government. $f/n _ g_U|iOigxgZ[?Z{YQng #5|be_5p^w|a WNZL is not an authorised deposit-taking institution for the purposes of Australian prudential standards. When you select transfer, follow the prompts and fill in the information where you are prompted to do so. Please note that the beneficiarys account number and full address are required to initiate any international money transfer. A quick, easy and affordable way of making your next purchase. fiy=AZML6i(?+s7F[Tm&O8^2?^|xt5^k TsMZ>e\[^p;kY[?w_ 5K | M 7WW~ W % #{5; * Tg Wjhd / 5H?> Once you authorize the transfer, your money will be on its way to the destination. If you continue to browse and use this website you are agreeing to comply with and be bound by the following terms and conditions of use, which together with our privacy policy govern PNG Business Directorys relationship with you in relation to this website. Westpac Banking Corporation ABN 33 007 457 141 (Westpac) and Westpac New Zealand Limited (company number 1763882) (WNZL) accept no responsibility for the accuracy or completeness of such information. You can open a Westpac Bank account from outside of Australia, but you must have a valid Australian residential address for some services. We have statistical series on new residential mortgage standard and special . copyright=new Date(); What are the typical bank details required to initiate an international money transfer? Car Loans Location code 0-9 A-Z 2 characters made up of letters or numbers. Convert Papua New Guinea Kina To United States Dollar. You must pay a AUD $20 fee for transfers to a foreign bank account (in AUD). If the sending bank requires 11 characters, use WPACAU2SXXX Please also ensure the payer has your full 12-digit account number. The exchange rates are indicative only as at the time and date shown, are subject to market movements and therefore change continuously. At present, the countrys largest commercial bank BSP Financial Limited has a total outstanding back order of K120 million(US$34 million) to give to customers, due to a large demand with the recent increase in general business activities in the county and the rising fuel costs associated with the Russia-Ukraine conflict. The exchange rates above are updated Monday to Friday during business hours, excluding public holidays. 1 USD. This is 21.32 GBP more with Wise your recipient gets. Check out our buying tips. Westpac PNG - Boroko Branch located at Port Moresby. This information does not take your circumstances into account. A card that saves you time and money by simplifying the financial management and administration of your business. The bank is large and employs the infrastructure needed to allow you to conduct day-to-day banking and transfer money safely.