Historic Tongan paʻanga Panamanian Balboa

Tongan paʻanga panamanian balboa history for January 2024. The highest quote for this month is 0.43087 (14/01/2024) and the lowest 0.43217 (06/01/2024). The difference between high and low is -0.3.

TOP PAB average rate for January 2024 is 0.42018, the change between 01/01/2024 and 31/01/2024 is +2.29 %.

01 January 20241 TOP = 0.4255 PAB
02 January 20241 TOP = 0.4257 PAB
03 January 20241 TOP = 0.4229 PAB
04 January 20241 TOP = 0.4219 PAB
05 January 20241 TOP = 0.4214 PAB
06 January 20241 TOP = 0.4313 PAB
07 January 20241 TOP = 0.4298 PAB
08 January 20241 TOP = 0.4194 PAB
09 January 20241 TOP = 0.4173 PAB
10 January 20241 TOP = 0.4154 PAB
11 January 20241 TOP = 0.4145 PAB
12 January 20241 TOP = 0.4211 PAB
14 January 20241 TOP = 0.4309 PAB
15 January 20241 TOP = 0.4185 PAB
16 January 20241 TOP = 0.4203 PAB
17 January 20241 TOP = 0.4194 PAB
18 January 20241 TOP = 0.4160 PAB
19 January 20241 TOP = 0.4151 PAB
22 January 20241 TOP = 0.4181 PAB
23 January 20241 TOP = 0.4177 PAB
24 January 20241 TOP = 0.4174 PAB
25 January 20241 TOP = 0.4173 PAB
26 January 20241 TOP = 0.4163 PAB
28 January 20241 TOP = 0.4259 PAB
29 January 20241 TOP = 0.4164 PAB
30 January 20241 TOP = 0.4139 PAB
31 January 20241 TOP = 0.4157 PAB

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.

01/01/2011: Replacement of Paper Banknotes with Polymer Banknotes

Panama replaced the paper banknotes with polymer banknotes to enhance durability and security of the Balboa currency.

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.

31/03/1983: Currency Control Law Implemented

Panama implemented a currency control law to regulate the use and circulation of the Balboa and prevent counterfeiting.

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.

15/10/1941: First Issue of Panamanian Balboa Banknotes

The first series of paper banknotes denominated in Balboa were issued by the Panamanian Currency Board.

01/10/1941: Introduction of the Balboa as Legal Tender

The Panamanian government introduced the Balboa as a legal tender, equivalent in value to the US dollar.

01/10/1908: Creation of Panamanian Currency Board

The Panamanian Currency Board was established to issue paper money and stabilize the monetary system.

01/01/1907: Use of US Dollar in Panama

The US dollar became the official currency of Panama due to the presence of American workers during the canal construction.

18/11/1904: Panama Canal Construction Begins

The construction of the Panama Canal started, which would later lead to the need for a national currency.
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