Tongan paʻanga singapore dollar exchange rate history (TOP SGD) October 2023

Tongan paʻanga singapore dollar history for October 2023. The highest quote for this month is 0.57935 (10/10/2023) and the lowest 0.58468 (23/10/2023). The difference between high and low is -0.92.

TOP SGD average rate for October 2023 is 0.57604, the change between 01/10/2023 and 31/10/2023 is +2.38 %.

01 October 2023	1 TOP = 0.5791 SGD
03 October 2023	1 TOP = 0.5781 SGD
04 October 2023	1 TOP = 0.5781 SGD
06 October 2023	1 TOP = 0.5754 SGD
07 October 2023	1 TOP = 0.5744 SGD
09 October 2023	1 TOP = 0.5769 SGD
10 October 2023	1 TOP = 0.5779 SGD
11 October 2023	1 TOP = 0.5792 SGD
13 October 2023	1 TOP = 0.5787 SGD
16 October 2023	1 TOP = 0.5778 SGD
17 October 2023	1 TOP = 0.5782 SGD
18 October 2023	1 TOP = 0.5763 SGD
19 October 2023	1 TOP = 0.5774 SGD
20 October 2023	1 TOP = 0.5785 SGD
21 October 2023	1 TOP = 0.5782 SGD
22 October 2023	1 TOP = 0.5764 SGD
23 October 2023	1 TOP = 0.5771 SGD
24 October 2023	1 TOP = 0.5787 SGD
25 October 2023	1 TOP = 0.5745 SGD
26 October 2023	1 TOP = 0.5722 SGD
27 October 2023	1 TOP = 0.5717 SGD
28 October 2023	1 TOP = 0.5724 SGD
29 October 2023	1 TOP = 0.5724 SGD
30 October 2023	1 TOP = 0.5762 SGD
31 October 2023	1 TOP = 0.5653 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.

Historic Tongan paʻanga Singapore dollar