Tongan paʻanga
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1 TOP = 0.642 AUD
1 AUD = 1.558 TOP
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1 TOP = 566.322 ARS
1 ARS = 0.002 TOP
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1 TOP = 1235.656 BIF
1 BIF = 0.001 TOP
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1 TOP = 0.156 BHD
1 BHD = 6.403 TOP
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1 TOP = 2.869 BOB
1 BOB = 0.349 TOP
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1 TOP = 0.706 AZN
1 AZN = 1.416 TOP
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1 TOP = 36.241 BTN
1 BTN = 0.028 TOP
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1 TOP = 209.856 CRC
1 CRC = 0.005 TOP
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1 TOP = 8.808 CZK
1 CZK = 0.114 TOP
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1 TOP = 2.995 CNY
1 CNY = 0.334 TOP
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1 TOP = 2.675 DKK
1 DKK = 0.374 TOP
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1 TOP = 57.399 ETB
1 ETB = 0.017 TOP
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1 TOP = 3605.293 GNF
1 GNF = 0.000 TOP
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1 TOP = 2.916 HRK
1 HRK = 0.343 TOP
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1 TOP = 6798.676 IDR
1 IDR = 0.000 TOP
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1 TOP = 66.551 JMD
1 JMD = 0.015 TOP
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1 TOP = 36.330 KGS
1 KGS = 0.028 TOP
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1 TOP = 0.701 BAM
1 BAM = 1.426 TOP
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1 TOP = 0.748 ANG
1 ANG = 1.337 TOP
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1 TOP = 5.842 BWP
1 BWP = 0.171 TOP
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1 TOP = 0.535 BND
1 BND = 1.868 TOP
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1 TOP = 1208.730 CDF
1 CDF = 0.001 TOP
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1 TOP = 0.836 BZD
1 BZD = 1.196 TOP
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1 TOP = 13621.940 BYR
1 BYR = 0.000 TOP
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1 TOP = 0.701 BGN
1 BGN = 1.426 TOP
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1 TOP = 0.573 CAD
1 CAD = 1.746 TOP
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1 TOP = 54.434 DZD
1 DZD = 0.018 TOP
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1 TOP = 6.230 ERN
1 ERN = 0.161 TOP
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1 TOP = 20.213 EGP
1 EGP = 0.049 TOP
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1 TOP = 0.940 FJD
1 FJD = 1.064 TOP
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1 TOP = 0.313 GBP
1 GBP = 3.197 TOP
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1 TOP = 0.313 FKP
1 FKP = 3.197 TOP
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1 TOP = 3.187 GTQ
1 GTQ = 0.314 TOP
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1 TOP = 3.260 HKD
1 HKD = 0.307 TOP
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1 TOP = 142.828 HUF
1 HUF = 0.007 TOP
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1 TOP = 544.039 IQD
1 IQD = 0.002 TOP
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1 TOP = 17501.142 IRR
1 IRR = 0.000 TOP
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1 TOP = 176.350 KMF
1 KMF = 0.006 TOP
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1 TOP = 576.709 KRW
1 KRW = 0.002 TOP
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1 TOP = 34.928 ALL
1 ALL = 0.029 TOP
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1 TOP = 50.787 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 = 2.302 BRL
1 BRL = 0.434 TOP
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1 TOP = 0.001 BCH
1 BCH = 1293.050 TOP
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1 TOP = 0.000 BTC
1 BTC = 267517.778 TOP
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1 TOP = 1.525 AED
1 AED = 0.656 TOP
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1 TOP = 381.080 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 = 402.591 CLP
1 CLP = 0.002 TOP
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1 TOP = 1.362 BYN
1 BYN = 0.734 TOP
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1 TOP = 1713.618 COP
1 COP = 0.001 TOP
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1 TOP = 9.956 CUP
1 CUP = 0.100 TOP
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1 TOP = 0.000 ETH
1 ETH = 8598.786 TOP
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1 TOP = 0.358 EUR
1 EUR = 2.790 TOP
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1 TOP = 10.905 HNL
1 HNL = 0.092 TOP
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1 TOP = 30.140 GMD
1 GMD = 0.033 TOP
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1 TOP = 0.313 GIP
1 GIP = 3.197 TOP
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1 TOP = 54.442 HTG
1 HTG = 0.018 TOP
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1 TOP = 0.294 JOD
1 JOD = 3.396 TOP
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1 TOP = 61.222 JPY
1 JPY = 0.016 TOP
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1 TOP = 28.548 AFN
1 AFN = 0.035 TOP
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1 TOP = 0.831 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 = 158.755 AMD
1 AMD = 0.006 TOP
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1 TOP = 0.334 CHF
1 CHF = 2.994 TOP
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1 TOP = 73.941 DJF
1 DJF = 0.014 TOP
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1 TOP = 25.250 DOP
1 DOP = 0.040 TOP
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1 TOP = 39.527 CVE
1 CVE = 0.025 TOP
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1 TOP = 1.123 GEL
1 GEL = 0.891 TOP
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1 TOP = 4.360 GHS
1 GHS = 0.229 TOP
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1 TOP = 86.859 GYD
1 GYD = 0.012 TOP
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1 TOP = 1.417 ILS
1 ILS = 0.706 TOP
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1 TOP = 36.241 INR
1 INR = 0.028 TOP
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1 TOP = 51.258 ISK
1 ISK = 0.020 TOP
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1 TOP = 1667.129 KHR
1 KHR = 0.001 TOP
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1 TOP = 53.707 KES
1 KES = 0.019 TOP
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1 TOP = 0.127 KWD
1 KWD = 7.883 TOP
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1 TOP = 225.463 KZT
1 KZT = 0.004 TOP
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1 TOP = 125.160 LKR
1 LKR = 0.008 TOP
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1 TOP = 3.770 MAD
1 MAD = 0.265 TOP
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1 TOP = 871.826 MMK
1 MMK = 0.001 TOP
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1 TOP = 1492.050 MNT
1 MNT = 0.001 TOP
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1 TOP = 19.431 MUR
1 MUR = 0.051 TOP
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1 TOP = 165.559 MRO
1 MRO = 0.006 TOP
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1 TOP = 6.414 MVR
1 MVR = 0.156 TOP
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1 TOP = 720.775 MWK
1 MWK = 0.001 TOP
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1 TOP = 0.702 NZD
1 NZD = 1.425 TOP
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1 TOP = 58.013 NPR
1 NPR = 0.017 TOP
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1 TOP = 23.985 PHP
1 PHP = 0.042 TOP
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1 TOP = 117.775 PKR
1 PKR = 0.008 TOP
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1 TOP = 598.324 RWF
1 RWF = 0.002 TOP
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1 TOP = 0.004 LTC
1 LTC = 257.311 TOP
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1 TOP = 7.832 MXN
1 MXN = 0.128 TOP
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1 TOP = 15.285 NIO
1 NIO = 0.065 TOP
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1 TOP = 1.818 RON
1 RON = 0.550 TOP
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1 TOP = 373.809 KPW
1 KPW = 0.003 TOP
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1 TOP = 0.344 KYD
1 KYD = 2.904 TOP
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1 TOP = 37261.573 LBP
1 LBP = 0.000 TOP
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1 TOP = 2.263 LYD
1 LYD = 0.442 TOP
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1 TOP = 8984.117 LAK
1 LAK = 0.000 TOP
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1 TOP = 1841.996 MGA
1 MGA = 0.001 TOP
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1 TOP = 83.350 LRD
1 LRD = 0.012 TOP
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1 TOP = 22.053 MKD
1 MKD = 0.045 TOP
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1 TOP = 7.498 LSL
1 LSL = 0.133 TOP
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1 TOP = 3.358 MOP
1 MOP = 0.298 TOP
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1 TOP = 7.053 MDL
1 MDL = 0.142 TOP
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1 TOP = 7.498 NAD
1 NAD = 0.133 TOP
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1 TOP = 1.777 MYR
1 MYR = 0.563 TOP
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1 TOP = 0.160 OMR
1 OMR = 6.255 TOP
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1 TOP = 636.984 NGN
1 NGN = 0.002 TOP
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1 TOP = 1.715 PGK
1 PGK = 0.583 TOP
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1 TOP = 0.415 PAB
1 PAB = 2.408 TOP
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1 TOP = 1.488 PEN
1 PEN = 0.672 TOP
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1 TOP = 4.253 NOK
1 NOK = 0.235 TOP
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1 TOP = 1.531 PLN
1 PLN = 0.653 TOP
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1 TOP = 3175.274 PYG
1 PYG = 0.000 TOP
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1 TOP = 1.512 QAR
1 QAR = 0.661 TOP
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1 TOP = 3.525 SBD
1 SBD = 0.284 TOP
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1 TOP = 1.558 SAR
1 SAR = 0.642 TOP
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1 TOP = 0.535 SGD
1 SGD = 1.868 TOP
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1 TOP = 9427.577 SLL
1 SLL = 0.000 TOP
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1 TOP = 13.491 THB
1 THB = 0.074 TOP
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1 TOP = 12.360 TWD
1 TWD = 0.081 TOP
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1 TOP = 17.363 UAH
1 UAH = 0.058 TOP
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1 TOP = 1486.842 UGX
1 UGX = 0.001 TOP
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1 TOP = 15.311 SRD
1 SRD = 0.065 TOP
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1 TOP = 8865.454 STD
1 STD = 0.000 TOP
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1 TOP = 16.883 TRY
1 TRY = 0.059 TOP
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1 TOP = 2.816 TTD
1 TTD = 0.355 TOP
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1 TOP = 1.000 TOP
1 TOP = 1.000 TOP
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1 TOP = 5297.343 UZS
1 UZS = 0.000 TOP
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1 TOP = 99.927 YER
1 YER = 0.010 TOP
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1 TOP = 7.498 ZAR
1 ZAR = 0.133 TOP
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1 TOP = 41.997 RSD
1 RSD = 0.024 TOP
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1 TOP = 33.232 RUB
1 RUB = 0.030 TOP
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1 TOP = 237.349 SOS
1 SOS = 0.004 TOP
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1 TOP = 3.634 SVC
1 SVC = 0.275 TOP
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1 TOP = 5400.264 SYP
1 SYP = 0.000 TOP
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1 TOP = 7.498 SZL
1 SZL = 0.133 TOP
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1 TOP = 1.205 TND
1 TND = 0.830 TOP
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1 TOP = 16.703 UYU
1 UYU = 0.060 TOP
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1 TOP = 10889.453 VND
1 VND = 0.000 TOP
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1 TOP = 49.912 VUV
1 VUV = 0.020 TOP
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1 TOP = 1.153 WST
1 WST = 0.867 TOP
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1 TOP = 235.133 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 = 6.072 SCR
1 SCR = 0.165 TOP
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1 TOP = 4.009 SEK
1 SEK = 0.249 TOP
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1 TOP = 0.313 SHP
1 SHP = 3.197 TOP
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1 TOP = 1064.457 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 = 42.776 XPF
1 XPF = 0.023 TOP
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1 TOP = 235.133 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.