Historic Tongan paʻanga Burmese kyat

Tongan paʻanga burmese kyat history for October 2023. The highest quote for this month is 887.57 (01/10/2023) and the lowest 888.46 (23/10/2023). The difference between high and low is -0.1.

TOP MMK average rate for October 2023 is 875.896, the change between 01/10/2023 and 31/10/2023 is +3.03 %.

01 October 20231 TOP = 887.6 MMK
03 October 20231 TOP = 875.7 MMK
04 October 20231 TOP = 875.5 MMK
06 October 20231 TOP = 872.5 MMK
07 October 20231 TOP = 881.1 MMK
09 October 20231 TOP = 874.2 MMK
10 October 20231 TOP = 880.6 MMK
11 October 20231 TOP = 884.3 MMK
13 October 20231 TOP = 878.7 MMK
16 October 20231 TOP = 877.9 MMK
17 October 20231 TOP = 878.8 MMK
18 October 20231 TOP = 874.8 MMK
19 October 20231 TOP = 874.4 MMK
20 October 20231 TOP = 876.0 MMK
21 October 20231 TOP = 882.3 MMK
22 October 20231 TOP = 879.4 MMK
23 October 20231 TOP = 872.6 MMK
24 October 20231 TOP = 880.1 MMK
25 October 20231 TOP = 873.3 MMK
26 October 20231 TOP = 866.9 MMK
27 October 20231 TOP = 868.7 MMK
28 October 20231 TOP = 874.6 MMK
29 October 20231 TOP = 874.6 MMK
30 October 20231 TOP = 872.4 MMK
31 October 20231 TOP = 860.7 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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