Tongan paʻanga
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1 TOP = 0.639 AUD
1 AUD = 1.564 TOP
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1 TOP = 548.426 ARS
1 ARS = 0.002 TOP
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1 TOP = 1235.515 BIF
1 BIF = 0.001 TOP
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1 TOP = 0.156 BHD
1 BHD = 6.405 TOP
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1 TOP = 2.862 BOB
1 BOB = 0.349 TOP
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1 TOP = 0.706 AZN
1 AZN = 1.417 TOP
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1 TOP = 36.316 BTN
1 BTN = 0.028 TOP
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1 TOP = 208.699 CRC
1 CRC = 0.005 TOP
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1 TOP = 8.695 CZK
1 CZK = 0.115 TOP
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1 TOP = 2.969 CNY
1 CNY = 0.337 TOP
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1 TOP = 2.646 DKK
1 DKK = 0.378 TOP
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1 TOP = 58.372 ETB
1 ETB = 0.017 TOP
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1 TOP = 3600.493 GNF
1 GNF = 0.000 TOP
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1 TOP = 2.915 HRK
1 HRK = 0.343 TOP
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1 TOP = 6748.532 IDR
1 IDR = 0.000 TOP
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1 TOP = 66.348 JMD
1 JMD = 0.015 TOP
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1 TOP = 36.317 KGS
1 KGS = 0.028 TOP
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1 TOP = 0.693 BAM
1 BAM = 1.442 TOP
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1 TOP = 0.748 ANG
1 ANG = 1.337 TOP
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1 TOP = 5.605 BWP
1 BWP = 0.178 TOP
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1 TOP = 0.532 BND
1 BND = 1.879 TOP
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1 TOP = 1203.694 CDF
1 CDF = 0.001 TOP
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1 TOP = 0.829 BZD
1 BZD = 1.207 TOP
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1 TOP = 14034.097 BYR
1 BYR = 0.000 TOP
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1 TOP = 0.693 BGN
1 BGN = 1.442 TOP
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1 TOP = 0.574 CAD
1 CAD = 1.741 TOP
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1 TOP = 53.767 DZD
1 DZD = 0.019 TOP
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1 TOP = 6.228 ERN
1 ERN = 0.161 TOP
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1 TOP = 20.133 EGP
1 EGP = 0.050 TOP
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1 TOP = 0.939 FJD
1 FJD = 1.065 TOP
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1 TOP = 0.307 GBP
1 GBP = 3.254 TOP
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1 TOP = 0.307 FKP
1 FKP = 3.254 TOP
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1 TOP = 3.183 GTQ
1 GTQ = 0.314 TOP
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1 TOP = 3.243 HKD
1 HKD = 0.308 TOP
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1 TOP = 140.582 HUF
1 HUF = 0.007 TOP
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1 TOP = 541.322 IQD
1 IQD = 0.002 TOP
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1 TOP = 17463.316 IRR
1 IRR = 0.000 TOP
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1 TOP = 174.385 KMF
1 KMF = 0.006 TOP
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1 TOP = 575.307 KRW
1 KRW = 0.002 TOP
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1 TOP = 34.478 ALL
1 ALL = 0.029 TOP
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1 TOP = 50.279 BDT
1 BDT = 0.020 TOP
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1 TOP = 0.743 AWG
1 AWG = 1.345 TOP
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1 TOP = 2.259 BRL
1 BRL = 0.443 TOP
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1 TOP = 0.001 BCH
1 BCH = 1378.603 TOP
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1 TOP = 0.000 BTC
1 BTC = 267602.222 TOP
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1 TOP = 1.525 AED
1 AED = 0.656 TOP
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1 TOP = 381.414 AOA
1 AOA = 0.003 TOP
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1 TOP = 0.415 BSD
1 BSD = 2.408 TOP
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1 TOP = 398.313 CLP
1 CLP = 0.003 TOP
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1 TOP = 1.403 BYN
1 BYN = 0.713 TOP
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1 TOP = 1660.159 COP
1 COP = 0.001 TOP
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1 TOP = 9.927 CUP
1 CUP = 0.101 TOP
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1 TOP = 0.000 ETH
1 ETH = 11098.710 TOP
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1 TOP = 0.354 EUR
1 EUR = 2.821 TOP
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1 TOP = 10.857 HNL
1 HNL = 0.092 TOP
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1 TOP = 30.181 GMD
1 GMD = 0.033 TOP
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1 TOP = 0.307 GIP
1 GIP = 3.254 TOP
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1 TOP = 54.155 HTG
1 HTG = 0.018 TOP
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1 TOP = 0.294 JOD
1 JOD = 3.397 TOP
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1 TOP = 61.119 JPY
1 JPY = 0.016 TOP
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1 TOP = 28.410 AFN
1 AFN = 0.035 TOP
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1 TOP = 0.830 BBD
1 BBD = 1.204 TOP
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1 TOP = 0.415 BMD
1 BMD = 2.408 TOP
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1 TOP = 159.012 AMD
1 AMD = 0.006 TOP
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1 TOP = 0.333 CHF
1 CHF = 3.003 TOP
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1 TOP = 73.672 DJF
1 DJF = 0.014 TOP
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1 TOP = 25.673 DOP
1 DOP = 0.039 TOP
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1 TOP = 39.087 CVE
1 CVE = 0.026 TOP
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1 TOP = 1.121 GEL
1 GEL = 0.892 TOP
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1 TOP = 4.543 GHS
1 GHS = 0.220 TOP
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1 TOP = 86.067 GYD
1 GYD = 0.012 TOP
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1 TOP = 1.404 ILS
1 ILS = 0.712 TOP
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1 TOP = 36.316 INR
1 INR = 0.028 TOP
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1 TOP = 50.830 ISK
1 ISK = 0.020 TOP
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1 TOP = 1652.191 KHR
1 KHR = 0.001 TOP
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1 TOP = 53.591 KES
1 KES = 0.019 TOP
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1 TOP = 0.127 KWD
1 KWD = 7.888 TOP
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1 TOP = 222.653 KZT
1 KZT = 0.004 TOP
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1 TOP = 125.083 LKR
1 LKR = 0.008 TOP
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1 TOP = 3.738 MAD
1 MAD = 0.267 TOP
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1 TOP = 871.704 MMK
1 MMK = 0.001 TOP
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1 TOP = 1493.452 MNT
1 MNT = 0.001 TOP
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1 TOP = 18.984 MUR
1 MUR = 0.053 TOP
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1 TOP = 164.332 MRO
1 MRO = 0.006 TOP
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1 TOP = 6.411 MVR
1 MVR = 0.156 TOP
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1 TOP = 713.667 MWK
1 MWK = 0.001 TOP
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1 TOP = 0.707 NZD
1 NZD = 1.414 TOP
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1 TOP = 58.133 NPR
1 NPR = 0.017 TOP
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1 TOP = 23.514 PHP
1 PHP = 0.043 TOP
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1 TOP = 117.495 PKR
1 PKR = 0.009 TOP
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1 TOP = 598.866 RWF
1 RWF = 0.002 TOP
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1 TOP = 0.004 LTC
1 LTC = 276.100 TOP
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1 TOP = 7.732 MXN
1 MXN = 0.129 TOP
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1 TOP = 15.259 NIO
1 NIO = 0.066 TOP
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1 TOP = 1.791 RON
1 RON = 0.558 TOP
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1 TOP = 373.700 KPW
1 KPW = 0.003 TOP
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1 TOP = 0.345 KYD
1 KYD = 2.901 TOP
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1 TOP = 37178.025 LBP
1 LBP = 0.000 TOP
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1 TOP = 2.245 LYD
1 LYD = 0.445 TOP
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1 TOP = 8910.364 LAK
1 LAK = 0.000 TOP
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1 TOP = 1821.933 MGA
1 MGA = 0.001 TOP
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1 TOP = 82.949 LRD
1 LRD = 0.012 TOP
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1 TOP = 21.818 MKD
1 MKD = 0.046 TOP
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1 TOP = 7.270 LSL
1 LSL = 0.138 TOP
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1 TOP = 3.340 MOP
1 MOP = 0.299 TOP
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1 TOP = 6.948 MDL
1 MDL = 0.144 TOP
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1 TOP = 7.270 NAD
1 NAD = 0.138 TOP
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1 TOP = 1.743 MYR
1 MYR = 0.574 TOP
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1 TOP = 0.160 OMR
1 OMR = 6.257 TOP
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1 TOP = 632.963 NGN
1 NGN = 0.002 TOP
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1 TOP = 1.754 PGK
1 PGK = 0.570 TOP
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1 TOP = 0.415 PAB
1 PAB = 2.408 TOP
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1 TOP = 1.445 PEN
1 PEN = 0.692 TOP
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1 TOP = 4.190 NOK
1 NOK = 0.239 TOP
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1 TOP = 1.511 PLN
1 PLN = 0.662 TOP
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1 TOP = 3000.224 PYG
1 PYG = 0.000 TOP
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1 TOP = 1.511 QAR
1 QAR = 0.662 TOP
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1 TOP = 3.529 SBD
1 SBD = 0.283 TOP
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1 TOP = 1.557 SAR
1 SAR = 0.642 TOP
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1 TOP = 0.532 SGD
1 SGD = 1.879 TOP
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1 TOP = 9424.602 SLL
1 SLL = 0.000 TOP
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1 TOP = 13.460 THB
1 THB = 0.074 TOP
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1 TOP = 12.639 TWD
1 TWD = 0.079 TOP
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1 TOP = 17.183 UAH
1 UAH = 0.058 TOP
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1 TOP = 1477.678 UGX
1 UGX = 0.001 TOP
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1 TOP = 15.624 SRD
1 SRD = 0.064 TOP
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1 TOP = 8756.944 STD
1 STD = 0.000 TOP
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1 TOP = 17.020 TRY
1 TRY = 0.059 TOP
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1 TOP = 2.808 TTD
1 TTD = 0.356 TOP
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1 TOP = 1.000 TOP
1 TOP = 1.000 TOP
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1 TOP = 5120.992 UZS
1 UZS = 0.000 TOP
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1 TOP = 99.732 YER
1 YER = 0.010 TOP
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1 TOP = 7.270 ZAR
1 ZAR = 0.138 TOP
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1 TOP = 41.532 RSD
1 RSD = 0.024 TOP
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1 TOP = 33.492 RUB
1 RUB = 0.030 TOP
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1 TOP = 234.908 SOS
1 SOS = 0.004 TOP
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1 TOP = 3.633 SVC
1 SVC = 0.275 TOP
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1 TOP = 5398.519 SYP
1 SYP = 0.000 TOP
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1 TOP = 7.270 SZL
1 SZL = 0.138 TOP
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1 TOP = 1.201 TND
1 TND = 0.833 TOP
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1 TOP = 16.472 UYU
1 UYU = 0.061 TOP
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1 TOP = 10942.194 VND
1 VND = 0.000 TOP
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1 TOP = 49.427 VUV
1 VUV = 0.020 TOP
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1 TOP = 1.111 WST
1 WST = 0.900 TOP
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1 TOP = 232.513 XAF
1 XAF = 0.004 TOP
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1 TOP = 1.124 XCD
1 XCD = 0.890 TOP
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1 TOP = 6.128 SCR
1 SCR = 0.163 TOP
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1 TOP = 3.953 SEK
1 SEK = 0.253 TOP
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1 TOP = 0.307 SHP
1 SHP = 3.254 TOP
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1 TOP = 1028.076 TZS
1 TZS = 0.001 TOP
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1 TOP = 0.415 USD
1 USD = 2.408 TOP
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1 TOP = 42.299 XPF
1 XPF = 0.024 TOP
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1 TOP = 232.513 XOF
1 XOF = 0.004 TOP
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Evolution of the TOP Exchange Rate
The Tongan paʻanga (TOP) exchange rate has shown a relatively stable evolution over time. Prior to 1992, the paʻanga was fixed to the Australian dollar at a rate of 1:1. However, in 1992, the TOP was officially floated, allowing it to be determined by market forces. Since then, the value of the paʻanga has been influenced by various factors such as inflation, interest rates, and foreign investment. The exchange rate has experienced both appreciation and depreciation against major currencies such as the US dollar and the New Zealand dollar.
Variations in the TOP Exchange Rate
The TOP exchange rate has exhibited fluctuations over time. It is largely affected by Tonga's economic performance, external trade, and market conditions. Natural disasters, such as cyclones, can also impact the exchange rate due to their effects on the country's economy. Additionally, changes in global market dynamics, such as shifts in commodity prices, can influence the value of the paʻanga. Central bank interventions and monetary policies also play a role in managing the variations in the TOP exchange rate.
Significance of TOP in the Global Economy
The Tongan paʻanga holds minimal significance in the global economy, primarily due to Tonga's small economic size and limited international trade. Tonga's economy heavily relies on agriculture, tourism, and remittances. The TOP's importance lies mainly in its role as a means of domestic transaction within the country. However, Tonga's interactions with its major trading partners, such as Australia and New Zealand, can indirectly affect the value of the paʻanga in the global economic context.
Shocks Experienced by TOP and Correlation with Other Currencies
The Tongan paʻanga has been susceptible to shocks caused by both internal and external factors. Natural disasters, economic downturns, political instability, and changes in global market conditions can all impact the exchange rate. The TOP has shown a moderate correlation with other currencies, particularly the Australian dollar and the New Zealand dollar, due to Tonga's close economic ties with these countries. However, the correlation is not always consistent and may vary depending on the prevailing economic conditions and market dynamics.