Saudi riyal tongan paʻanga exchange rate history (SAR TOP) October 2023

Saudi riyal tongan paʻanga history for October 2023. The highest quote for this month is 0.64419 (31/10/2023) and the lowest 0.63865 (29/10/2023). The difference between high and low is 0.86.

SAR TOP average rate for October 2023 is 0.6343, the change between 01/10/2023 and 31/10/2023 is -2.38 %.

01 October 2023	1 SAR = 0.6293 TOP
03 October 2023	1 SAR = 0.6342 TOP
04 October 2023	1 SAR = 0.6342 TOP
06 October 2023	1 SAR = 0.6343 TOP
07 October 2023	1 SAR = 0.6339 TOP
09 October 2023	1 SAR = 0.6321 TOP
10 October 2023	1 SAR = 0.6301 TOP
11 October 2023	1 SAR = 0.6281 TOP
13 October 2023	1 SAR = 0.6318 TOP
16 October 2023	1 SAR = 0.6324 TOP
17 October 2023	1 SAR = 0.6317 TOP
18 October 2023	1 SAR = 0.6336 TOP
19 October 2023	1 SAR = 0.6348 TOP
20 October 2023	1 SAR = 0.6334 TOP
21 October 2023	1 SAR = 0.6332 TOP
22 October 2023	1 SAR = 0.6351 TOP
23 October 2023	1 SAR = 0.6348 TOP
24 October 2023	1 SAR = 0.6303 TOP
25 October 2023	1 SAR = 0.6356 TOP
26 October 2023	1 SAR = 0.6402 TOP
27 October 2023	1 SAR = 0.6390 TOP
28 October 2023	1 SAR = 0.6384 TOP
29 October 2023	1 SAR = 0.6387 TOP
30 October 2023	1 SAR = 0.6340 TOP
31 October 2023	1 SAR = 0.6443 TOP

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

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

20/05/2018: SAMA grants licenses for full-fledged digital banks

SAMA issued licenses to two banks for providing digital banking services, reflecting a shift towards digitalization in the financial sector.

21/12/2016: Saudi Arabia introduces the SAR 200 note

A new 200 riyal banknote was introduced, featuring a portrait of King Abdullah bin Abdulaziz Al Saud.

29/07/2014: Second Devaluation of the Paʻanga

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

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.

20/12/2003: Launch of Riyal Interbank Express (SARIE)

SAMA launched SARIE, a real-time gross settlement system, improving interbank transactions and money transfers.

27/05/1997: Introduction of Saudi Arabian Monetary Agency new design series

SAMA introduced a new series of banknotes with enhanced security features to combat counterfeiting.

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.

30/06/1986: Saudi riyal pegged to the US dollar at 3.75 SAR per USD

Saudi Arabia pegged its currency to the USD, ensuring stability and ease of trade with international partners.

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.

01/03/1952: Introduction of Saudi Arabian Monetary Agency (SAMA)

SAMA was established as the central bank of Saudi Arabia, responsible for issuing and managing the Saudi riyal.

23/09/1932: Establishment of the Kingdom of Saudi Arabia

The Saudi riyal currency was introduced following the unification of the Kingdom under King Abdulaziz Al Saud.

Historic Saudi riyal Tongan paʻanga