Panamanian Balboa tongan paʻanga exchange rate history (PAB TOP) October 2023

Panamanian Balboa tongan paʻanga history for October 2023. The highest quote for this month is 2.4726 (31/10/2023) and the lowest 2.4449 (27/10/2023). The difference between high and low is 1.12.

PAB TOP average rate for October 2023 is 2.42162, the change between 01/10/2023 and 31/10/2023 is -4.9 %.

01 October 2023	1 PAB = 2.359 TOP
03 October 2023	1 PAB = 2.432 TOP
04 October 2023	1 PAB = 2.433 TOP
06 October 2023	1 PAB = 2.441 TOP
07 October 2023	1 PAB = 2.376 TOP
09 October 2023	1 PAB = 2.436 TOP
10 October 2023	1 PAB = 2.418 TOP
11 October 2023	1 PAB = 2.408 TOP
13 October 2023	1 PAB = 2.423 TOP
16 October 2023	1 PAB = 2.426 TOP
17 October 2023	1 PAB = 2.423 TOP
18 October 2023	1 PAB = 2.435 TOP
19 October 2023	1 PAB = 2.436 TOP
20 October 2023	1 PAB = 2.431 TOP
21 October 2023	1 PAB = 2.373 TOP
22 October 2023	1 PAB = 2.381 TOP
23 October 2023	1 PAB = 2.441 TOP
24 October 2023	1 PAB = 2.419 TOP
25 October 2023	1 PAB = 2.439 TOP
26 October 2023	1 PAB = 2.456 TOP
27 October 2023	1 PAB = 2.452 TOP
28 October 2023	1 PAB = 2.394 TOP
29 October 2023	1 PAB = 2.394 TOP
30 October 2023	1 PAB = 2.441 TOP
31 October 2023	1 PAB = 2.474 TOP

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

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

29/07/2014: Second Devaluation of the Paʻanga

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

01/01/2011: Replacement of Paper Banknotes with Polymer Banknotes

Panama replaced the paper banknotes with polymer banknotes to enhance durability and security of the Balboa currency.

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.

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.

31/03/1983: Currency Control Law Implemented

Panama implemented a currency control law to regulate the use and circulation of the Balboa and prevent counterfeiting.

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.

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.

15/10/1941: First Issue of Panamanian Balboa Banknotes

The first series of paper banknotes denominated in Balboa were issued by the Panamanian Currency Board.

01/10/1941: Introduction of the Balboa as Legal Tender

The Panamanian government introduced the Balboa as a legal tender, equivalent in value to the US dollar.

01/10/1908: Creation of Panamanian Currency Board

The Panamanian Currency Board was established to issue paper money and stabilize the monetary system.

01/01/1907: Use of US Dollar in Panama

The US dollar became the official currency of Panama due to the presence of American workers during the canal construction.

18/11/1904: Panama Canal Construction Begins

The construction of the Panama Canal started, which would later lead to the need for a national currency.

Historic Panamanian Balboa Tongan paʻanga