Kina jumps 18% on Aussie dollar, 4% on US dollar

PNG’s kina has enjoyed considerable appreciation over the past three months, gaining more than 18% in value to the Australian dollar, but National Superannuation Fund sees a small turnaround ahead.

Kina jumps 18% on Aussie dollar, 4% on US dollar Kina jumps 18% on Aussie dollar, 4% on US dollar Kina jumps 18% on Aussie dollar, 4% on US dollar Kina jumps 18% on Aussie dollar, 4% on US dollar Kina jumps 18% on Aussie dollar, 4% on US dollar

The surge in the kina caught Nasfund by surprise as it noted a minor blip in its investment strategy despite looking at a 22-26% net tax return for the year.

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