Historic Tongan paʻanga Burmese kyat

Tongan paʻanga burmese kyat history for December 2023. The highest quote for this month is 903.02 (29/12/2023) and the lowest 904.56 (23/12/2023). The difference between high and low is -0.17.

TOP MMK average rate for December 2023 is 889.99815, the change between 01/12/2023 and 31/12/2023 is -1.7 %.

01 December 20231 TOP = 893.3 MMK
02 December 20231 TOP = 899.1 MMK
03 December 20231 TOP = 899.1 MMK
04 December 20231 TOP = 893.8 MMK
05 December 20231 TOP = 890.3 MMK
06 December 20231 TOP = 889.8 MMK
07 December 20231 TOP = 881.8 MMK
08 December 20231 TOP = 880.2 MMK
10 December 20231 TOP = 894.1 MMK
11 December 20231 TOP = 878.9 MMK
12 December 20231 TOP = 878.2 MMK
13 December 20231 TOP = 881.3 MMK
14 December 20231 TOP = 884.5 MMK
15 December 20231 TOP = 886.9 MMK
16 December 20231 TOP = 893.0 MMK
17 December 20231 TOP = 893.0 MMK
18 December 20231 TOP = 887.8 MMK
19 December 20231 TOP = 893.1 MMK
20 December 20231 TOP = 878.1 MMK
21 December 20231 TOP = 894.3 MMK
22 December 20231 TOP = 892.2 MMK
23 December 20231 TOP = 898.3 MMK
24 December 20231 TOP = 898.3 MMK
26 December 20231 TOP = 898.7 MMK
27 December 20231 TOP = 883.6 MMK
28 December 20231 TOP = 879.9 MMK
29 December 20231 TOP = 908.4 MMK

22/02/2021: Kyat's Depreciation Challenges

The Burmese kyat faced significant depreciation and instability due to political turmoil and the military coup in Myanmar.

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

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

23/04/2015: Foreign Exchange Market Liberalization

Restrictions on foreign exchange were lifted, allowing a more liberalized foreign exchange market in Myanmar.

29/07/2014: Second Devaluation of the Paʻanga

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

02/04/2012: Managed Float Regime Implemented

The Burmese government adopted a managed float exchange rate regime, allowing the kyat to fluctuate based on market forces.

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.

01/04/1990: Foreign Exchange Certificates Introduced

Foreign Exchange Certificates (FECs) were introduced as a parallel currency to stabilize the economy and control the black market.

01/09/1987: Second Kyat Revalued

Due to hyperinflation, the Burmese kyat was again revalued, with 1 kyat replacing 10 new kyats.

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.

01/12/1964: Kyat Revalued

The Burmese kyat underwent a major revaluation, with 1 new kyat replacing 100 old kyats to combat inflation.

01/07/1952: Kyat Introduced

The Burmese kyat was first introduced as the official currency of Burma, replacing the Indian rupee at an exchange rate of 1 kyat = 1 rupee.
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