Tongan paʻanga danish krone exchange rate history (TOP DKK) November 2023

Tongan paʻanga danish krone history for November 2023. The highest quote for this month is 2.9665 (07/11/2023) and the lowest 3.117 (07/11/2023). The difference between high and low is -5.07.

TOP DKK average rate for November 2023 is 2.92972, the change between 01/11/2023 and 30/11/2023 is +1.88 %.

01 November 2023	1 TOP = 2.963 DKK
06 November 2023	1 TOP = 3.115 DKK
07 November 2023	1 TOP = 3.117 DKK
08 November 2023	1 TOP = 2.936 DKK
09 November 2023	1 TOP = 2.949 DKK
10 November 2023	1 TOP = 2.960 DKK
12 November 2023	1 TOP = 2.954 DKK
13 November 2023	1 TOP = 2.946 DKK
14 November 2023	1 TOP = 2.945 DKK
15 November 2023	1 TOP = 2.916 DKK
16 November 2023	1 TOP = 2.906 DKK
17 November 2023	1 TOP = 2.896 DKK
19 November 2023	1 TOP = 2.878 DKK
20 November 2023	1 TOP = 2.875 DKK
21 November 2023	1 TOP = 2.867 DKK
22 November 2023	1 TOP = 2.861 DKK
23 November 2023	1 TOP = 2.868 DKK
24 November 2023	1 TOP = 2.908 DKK
26 November 2023	1 TOP = 2.899 DKK
27 November 2023	1 TOP = 2.905 DKK
28 November 2023	1 TOP = 2.913 DKK
29 November 2023	1 TOP = 2.901 DKK
30 November 2023	1 TOP = 2.908 DKK

04/02/2021: Ending of Intervention Policy

Denmark's central bank announced the end of its long-standing policy of defending the Krone's peg to the Euro.

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.

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.

19/09/2000: Referendum on Euro Membership

Danish voters rejected adopting the Euro in a referendum, maintaining the Krone as the national currency.

31/12/1998: Euro peg

Denmark joined the European Exchange Rate Mechanism (ERM II), pegging the Krone to the Euro with a narrow fluctuation band.

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.

24/03/1982: Floating Exchange Rate

Denmark switched to a floating exchange rate regime, allowing the Krone's value to be determined by market forces.

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.

21/07/1944: Bretton Woods Agreement

Denmark became a member of the International Monetary Fund (IMF) and agreed to the Bretton Woods system, pegging the Krone to the US dollar.

10/09/1927: Return to Gold Standard

Denmark abandoned the gold standard due to economic pressures and public debt.

31/12/1872: Pegging to Gold Standard

The Danish Krone was pegged to the gold standard, fixing its value in relation to gold.

Historic Tongan paʻanga Danish Krone