Tongan paʻanga saudi riyal exchange rate history (TOP SAR) December 2023

Tongan paʻanga saudi riyal history for December 2023. The highest quote for this month is 1.62 (29/12/2023) and the lowest 1.6272 (29/12/2023). The difference between high and low is -0.44.

TOP SAR average rate for December 2023 is 1.59949, the change between 01/12/2023 and 31/12/2023 is -1.13 %.

01 December 2023	1 TOP = 1.609 SAR
03 December 2023	1 TOP = 1.610 SAR
04 December 2023	1 TOP = 1.611 SAR
05 December 2023	1 TOP = 1.603 SAR
06 December 2023	1 TOP = 1.603 SAR
07 December 2023	1 TOP = 1.586 SAR
08 December 2023	1 TOP = 1.585 SAR
10 December 2023	1 TOP = 1.601 SAR
11 December 2023	1 TOP = 1.582 SAR
12 December 2023	1 TOP = 1.581 SAR
13 December 2023	1 TOP = 1.587 SAR
14 December 2023	1 TOP = 1.594 SAR
15 December 2023	1 TOP = 1.598 SAR
16 December 2023	1 TOP = 1.599 SAR
17 December 2023	1 TOP = 1.599 SAR
18 December 2023	1 TOP = 1.592 SAR
19 December 2023	1 TOP = 1.609 SAR
20 December 2023	1 TOP = 1.583 SAR
21 December 2023	1 TOP = 1.611 SAR
22 December 2023	1 TOP = 1.608 SAR
23 December 2023	1 TOP = 1.608 SAR
24 December 2023	1 TOP = 1.608 SAR
26 December 2023	1 TOP = 1.618 SAR
27 December 2023	1 TOP = 1.590 SAR
28 December 2023	1 TOP = 1.585 SAR
29 December 2023	1 TOP = 1.627 SAR

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

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

20/05/2018: SAMA grants licenses for full-fledged digital banks

SAMA issued licenses to two banks for providing digital banking services, reflecting a shift towards digitalization in the financial sector.

21/12/2016: Saudi Arabia introduces the SAR 200 note

A new 200 riyal banknote was introduced, featuring a portrait of King Abdullah bin Abdulaziz Al Saud.

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.

20/12/2003: Launch of Riyal Interbank Express (SARIE)

SAMA launched SARIE, a real-time gross settlement system, improving interbank transactions and money transfers.

27/05/1997: Introduction of Saudi Arabian Monetary Agency new design series

SAMA introduced a new series of banknotes with enhanced security features to combat counterfeiting.

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.

30/06/1986: Saudi riyal pegged to the US dollar at 3.75 SAR per USD

Saudi Arabia pegged its currency to the USD, ensuring stability and ease of trade with international partners.

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.

01/03/1952: Introduction of Saudi Arabian Monetary Agency (SAMA)

SAMA was established as the central bank of Saudi Arabia, responsible for issuing and managing the Saudi riyal.

23/09/1932: Establishment of the Kingdom of Saudi Arabia

The Saudi riyal currency was introduced following the unification of the Kingdom under King Abdulaziz Al Saud.

Historic Tongan paʻanga Saudi riyal