Historic Tongan paʻanga Maldivian rufiyaa

Tongan paʻanga maldivian rufiyaa history for January 2024. The highest quote for this month is 6.644 (14/01/2024) and the lowest 6.65 (07/01/2024). The difference between high and low is -0.09.

TOP MVR average rate for January 2024 is 6.5436, the change between 01/01/2024 and 31/01/2024 is +1.93 %.

01 January 20241 TOP = 6.62 MVR
02 January 20241 TOP = 6.62 MVR
03 January 20241 TOP = 6.60 MVR
04 January 20241 TOP = 6.58 MVR
05 January 20241 TOP = 6.59 MVR
06 January 20241 TOP = 6.65 MVR
07 January 20241 TOP = 6.63 MVR
08 January 20241 TOP = 6.56 MVR
09 January 20241 TOP = 6.52 MVR
10 January 20241 TOP = 6.49 MVR
11 January 20241 TOP = 6.46 MVR
12 January 20241 TOP = 6.57 MVR
14 January 20241 TOP = 6.64 MVR
15 January 20241 TOP = 6.54 MVR
16 January 20241 TOP = 6.57 MVR
17 January 20241 TOP = 6.54 MVR
18 January 20241 TOP = 6.50 MVR
19 January 20241 TOP = 6.48 MVR
22 January 20241 TOP = 6.53 MVR
23 January 20241 TOP = 6.52 MVR
24 January 20241 TOP = 6.52 MVR
25 January 20241 TOP = 6.51 MVR
26 January 20241 TOP = 6.47 MVR
28 January 20241 TOP = 6.57 MVR
29 January 20241 TOP = 6.47 MVR
30 January 20241 TOP = 6.44 MVR
31 January 20241 TOP = 6.49 MVR

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

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

15/01/2019: Introduction of New Banknotes

New series of banknotes with enhanced security features and improved designs were introduced by the Maldives Monetary Authority.

01/09/2014: Introduction of Polymer Banknotes

Polymer banknotes were introduced in the Maldives, replacing the traditional paper banknotes, enhancing their durability and security features.

29/07/2014: Second Devaluation of the Paʻanga

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

01/07/2011: Redenomination of the Rufiyaa

The Maldivian Rufiyaa underwent redenomination, with new banknotes and coins introduced to simplify transactions and reduce the number of zeros.

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.

01/01/2002: Decimalization of the Rufiyaa

The Maldivian Rufiyaa was decimalized, with 100 laari equaling 1 Rufiyaa, replacing the previous system of 1 Rufiyaa equalling 100 lari.

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.

01/09/1983: Introduction of the Maldivian Rufiyaa

The Maldivian Rufiyaa was introduced as the new currency, replacing the Maldivian Rupee at a 1:1 exchange rate.

01/09/1981: Establishment of the Maldives Monetary Authority

The Maldives Monetary Authority (MMA) was established as the central bank of the Maldives, responsible for issuing and managing the currency.

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.

22/10/1947: Introduction of the Maldivian Rupee

The Maldivian Indian Rupee was adopted as the official currency of the Maldives, replacing the Ceylonese Rupee.
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