Historic Tongan paʻanga Singapore dollar

Tongan paʻanga singapore dollar history for December 2023. The highest quote for this month is 0.57384 (15/12/2023) and the lowest 0.57385 (05/12/2023). The difference between high and low is 0.

TOP SGD average rate for December 2023 is 0.56892, the change between 01/12/2023 and 31/12/2023 is +0.18 %.

01 December 20231 TOP = 0.5742 SGD
02 December 20231 TOP = 0.5726 SGD
03 December 20231 TOP = 0.5727 SGD
04 December 20231 TOP = 0.5723 SGD
05 December 20231 TOP = 0.5723 SGD
06 December 20231 TOP = 0.5735 SGD
07 December 20231 TOP = 0.5681 SGD
08 December 20231 TOP = 0.5666 SGD
10 December 20231 TOP = 0.5723 SGD
11 December 20231 TOP = 0.5660 SGD
12 December 20231 TOP = 0.5670 SGD
13 December 20231 TOP = 0.5683 SGD
14 December 20231 TOP = 0.5668 SGD
15 December 20231 TOP = 0.5666 SGD
16 December 20231 TOP = 0.5681 SGD
17 December 20231 TOP = 0.5681 SGD
18 December 20231 TOP = 0.5660 SGD
19 December 20231 TOP = 0.5721 SGD
20 December 20231 TOP = 0.5613 SGD
21 December 20231 TOP = 0.5726 SGD
22 December 20231 TOP = 0.5691 SGD
23 December 20231 TOP = 0.5679 SGD
24 December 20231 TOP = 0.5679 SGD
26 December 20231 TOP = 0.5717 SGD
27 December 20231 TOP = 0.5610 SGD
28 December 20231 TOP = 0.5582 SGD
29 December 20231 TOP = 0.5734 SGD
30 December 20231 TOP = 0.5731 SGD

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

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

30/03/2020: SGD in COVID-19 Pandemic

The SGD faces volatility and fluctuations in value due to the economic impact of the COVID-19 pandemic.

13/10/2016: Celebrating 50 Years of Currency

Singapore commemorates 50 years of Singapore currency, showcasing the success and stability of the SGD.

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.

21/07/2003: Currency Interchangeability Agreement with Brunei

The SGD and Brunei dollar become interchangeable at par value, enhancing economic cooperation between the two countries.

02/01/2001: Floatation of SGD

Singapore allows the SGD to float freely against other currencies, abandoning the exchange rate peg and adopting a managed float system.

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.

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.

01/03/1973: Pegging to a Basket of Currencies

The SGD is pegged to a basket of currencies, leading to increased stability and reduced reliance on a single currency.

12/06/1967: Monetary Agreement with Malaysia

Singapore withdrew from the Malaysian dollar and issued its own 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.

12/06/1965: Independence of Singapore

The Singapore dollar (SGD) is introduced as the official currency upon Singapore's separation from Malaysia.
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