Convert Kyrgystani Som to Australian Dollar
Please provide values below to convert Kyrgystani Som [KGS] to Australian Dollar [AUD], or Convert Australian Dollar to Kyrgystani Som.
How to Convert Kyrgystani Som to Australian Dollar
1 KGS = 57.0868427936176 AUD
Example: convert 15 KGS to AUD:
15 KGS = 15 × 57.0868427936176 AUD = 856.302641904264 AUD
Kyrgystani Som to Australian Dollar Conversion Table
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Kyrgystani Som
The Kyrgystani Som (KGS) is the official currency of Kyrgyzstan, used for all monetary transactions within the country.
History/Origin
The Som was introduced in 1993, replacing the Soviet ruble, as part of Kyrgyzstan's independence and economic transition to establish a national currency.
Current Use
The Kyrgystani Som is actively used in everyday transactions, banking, and financial markets within Kyrgyzstan, with ongoing efforts to stabilize and modernize its economy.
Australian Dollar
The Australian Dollar (AUD) is the official currency of Australia, used in its territories and some Pacific Island nations.
History/Origin
Introduced in 1966, replacing the Australian pound, the AUD was initially pegged to the British pound and later transitioned to a floating exchange rate system in 1983.
Current Use
The AUD is widely used in Australia and its territories, serving as a major currency in international trade and finance, and is one of the most traded currencies globally.