Historic Singapore dollar Tongan paʻanga

Singapore dollar tongan paʻanga history for January 2024. The highest quote for this month is 1.7666 (11/01/2024) and the lowest 1.7523 (28/01/2024). The difference between high and low is 0.81.

SGD TOP average rate for January 2024 is 1.74901, the change between 01/01/2024 and 31/01/2024 is -0.56 %.

01 January 20241 SGD = 1.745 TOP
02 January 20241 SGD = 1.745 TOP
03 January 20241 SGD = 1.743 TOP
04 January 20241 SGD = 1.742 TOP
05 January 20241 SGD = 1.744 TOP
06 January 20241 SGD = 1.745 TOP
07 January 20241 SGD = 1.751 TOP
08 January 20241 SGD = 1.748 TOP
09 January 20241 SGD = 1.762 TOP
10 January 20241 SGD = 1.767 TOP
11 January 20241 SGD = 1.771 TOP
12 January 20241 SGD = 1.746 TOP
14 January 20241 SGD = 1.743 TOP
15 January 20241 SGD = 1.751 TOP
16 January 20241 SGD = 1.741 TOP
17 January 20241 SGD = 1.738 TOP
18 January 20241 SGD = 1.747 TOP
19 January 20241 SGD = 1.752 TOP
22 January 20241 SGD = 1.742 TOP
23 January 20241 SGD = 1.742 TOP
24 January 20241 SGD = 1.745 TOP
25 January 20241 SGD = 1.748 TOP
26 January 20241 SGD = 1.752 TOP
28 January 20241 SGD = 1.752 TOP
29 January 20241 SGD = 1.750 TOP
30 January 20241 SGD = 1.761 TOP
31 January 20241 SGD = 1.755 TOP

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

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

30/03/2020: SGD in COVID-19 Pandemic

The SGD faces volatility and fluctuations in value due to the economic impact of the COVID-19 pandemic.

13/10/2016: Celebrating 50 Years of Currency

Singapore commemorates 50 years of Singapore currency, showcasing the success and stability of the SGD.

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.

21/07/2003: Currency Interchangeability Agreement with Brunei

The SGD and Brunei dollar become interchangeable at par value, enhancing economic cooperation between the two countries.

02/01/2001: Floatation of SGD

Singapore allows the SGD to float freely against other currencies, abandoning the exchange rate peg and adopting a managed float system.

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.

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.

01/03/1973: Pegging to a Basket of Currencies

The SGD is pegged to a basket of currencies, leading to increased stability and reduced reliance on a single currency.

12/06/1967: Monetary Agreement with Malaysia

Singapore withdrew from the Malaysian dollar and issued its own 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.

12/06/1965: Independence of Singapore

The Singapore dollar (SGD) is introduced as the official currency upon Singapore's separation from Malaysia.
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