Historic Australian dollar Tongan paʻanga

Australian dollar tongan paʻanga history for December 2023. The highest quote for this month is 1.6134 (28/12/2023) and the lowest 1.5854 (24/12/2023). The difference between high and low is 1.74.

AUD TOP average rate for December 2023 is 1.5671, the change between 01/12/2023 and 31/12/2023 is -1.94 %.

01 December 20231 AUD = 1.538 TOP
02 December 20231 AUD = 1.555 TOP
03 December 20231 AUD = 1.553 TOP
04 December 20231 AUD = 1.556 TOP
05 December 20231 AUD = 1.547 TOP
06 December 20231 AUD = 1.532 TOP
07 December 20231 AUD = 1.547 TOP
08 December 20231 AUD = 1.559 TOP
10 December 20231 AUD = 1.540 TOP
11 December 20231 AUD = 1.559 TOP
12 December 20231 AUD = 1.556 TOP
13 December 20231 AUD = 1.549 TOP
14 December 20231 AUD = 1.567 TOP
15 December 20231 AUD = 1.571 TOP
16 December 20231 AUD = 1.571 TOP
17 December 20231 AUD = 1.571 TOP
18 December 20231 AUD = 1.578 TOP
19 December 20231 AUD = 1.561 TOP
20 December 20231 AUD = 1.601 TOP
21 December 20231 AUD = 1.568 TOP
22 December 20231 AUD = 1.584 TOP
23 December 20231 AUD = 1.585 TOP
24 December 20231 AUD = 1.585 TOP
26 December 20231 AUD = 1.577 TOP
27 December 20231 AUD = 1.609 TOP
28 December 20231 AUD = 1.620 TOP
29 December 20231 AUD = 1.571 TOP
30 December 20231 AUD = 1.568 TOP

01/04/2020: 50th Anniversary of the Paʻanga

Tonga celebrated the 50th anniversary of the introduction of the paʻanga as its national currency.

18/03/2020: COVID-19 pandemic impact

The Australian dollar experienced a sharp decline due to the global economic impact of the COVID-19 pandemic and uncertainty in financial markets.

29/07/2014: Second Devaluation of the Paʻanga

Another devaluation occurred, this time by 20%, as part of Tonga's economic reform program.

13/10/2011: Record high exchange rate

The Australian dollar reached a record high exchange rate of above $1.10 against the US dollar, driven by strong commodity demand and high interest rates.

06/10/2008: Global Financial Crisis

The Australian dollar experienced a significant decline due to the impact of the global financial crisis, reaching a low point of around $0.60 against the US dollar.

14/03/2008: Currency Redenomination

Tonga redenominated its currency, removing three zeros from the paʻanga to simplify monetary transactions.

16/11/2006: Riot and Currency Crisis

Civil unrest and riots erupted in Tonga, leading to a currency crisis and a temporary suspension of trading the paʻanga.

30/06/1996: Introduction of the polymer banknotes

Australia introduced polymer banknotes, replacing the paper-based banknotes, enhancing their durability and security features.

01/04/1991: First Devaluation of the Paʻanga

The paʻanga was devalued by 25% in an attempt to boost Tonga's economy and improve trade competitiveness.

08/03/1983: Floating of the Australian dollar

The Australian dollar was fully floated and allowed to fluctuate freely on the foreign exchange market, leading to increased volatility.

04/06/1975: Independence of Tonga

Tonga gained full independence from the United Kingdom, further solidifying the status of the paʻanga as its national currency.

12/12/1971: End of the fixed exchange rate

Australia shifted from a fixed exchange rate to a flexible exchange rate, allowing market forces to determine the value of the Australian dollar.

01/04/1967: Introduction of the Paʻanga

The Tongan paʻanga was introduced as the official currency, replacing the pound at a rate of 1 pound = 2 paʻanga.

13/02/1966: Decimalisation of the Australian currency

Australia adopted decimal currency, replacing the pound with the Australian dollar, symbol 'A$'.
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