Tongan paʻanga
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1 TOP = 0.659 AUD
1 AUD = 1.518 TOP
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1 TOP = 442.643 ARS
1 ARS = 0.002 TOP
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1 TOP = 1231.857 BIF
1 BIF = 0.001 TOP
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1 TOP = 0.157 BHD
1 BHD = 6.388 TOP
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1 TOP = 2.873 BOB
1 BOB = 0.348 TOP
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1 TOP = 0.706 AZN
1 AZN = 1.416 TOP
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1 TOP = 36.262 BTN
1 BTN = 0.028 TOP
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1 TOP = 207.891 CRC
1 CRC = 0.005 TOP
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1 TOP = 9.548 CZK
1 CZK = 0.105 TOP
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1 TOP = 3.007 CNY
1 CNY = 0.333 TOP
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1 TOP = 2.846 DKK
1 DKK = 0.351 TOP
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1 TOP = 54.518 ETB
1 ETB = 0.018 TOP
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1 TOP = 3594.820 GNF
1 GNF = 0.000 TOP
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1 TOP = 2.875 HRK
1 HRK = 0.348 TOP
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1 TOP = 6818.342 IDR
1 IDR = 0.000 TOP
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1 TOP = 65.320 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 = 0.746 BAM
1 BAM = 1.341 TOP
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1 TOP = 0.749 ANG
1 ANG = 1.335 TOP
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1 TOP = 5.699 BWP
1 BWP = 0.175 TOP
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1 TOP = 0.555 BND
1 BND = 1.803 TOP
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1 TOP = 1190.669 CDF
1 CDF = 0.001 TOP
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1 TOP = 0.835 BZD
1 BZD = 1.197 TOP
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1 TOP = 13579.791 BYR
1 BYR = 0.000 TOP
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1 TOP = 0.746 BGN
1 BGN = 1.341 TOP
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1 TOP = 0.598 CAD
1 CAD = 1.673 TOP
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1 TOP = 55.324 DZD
1 DZD = 0.018 TOP
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1 TOP = 6.229 ERN
1 ERN = 0.161 TOP
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1 TOP = 21.038 EGP
1 EGP = 0.048 TOP
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1 TOP = 0.953 FJD
1 FJD = 1.050 TOP
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1 TOP = 0.320 GBP
1 GBP = 3.120 TOP
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1 TOP = 0.320 FKP
1 FKP = 3.120 TOP
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1 TOP = 3.205 GTQ
1 GTQ = 0.312 TOP
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1 TOP = 3.228 HKD
1 HKD = 0.310 TOP
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1 TOP = 152.301 HUF
1 HUF = 0.007 TOP
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1 TOP = 544.612 IQD
1 IQD = 0.002 TOP
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1 TOP = 17483.461 IRR
1 IRR = 0.000 TOP
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1 TOP = 187.646 KMF
1 KMF = 0.005 TOP
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1 TOP = 603.640 KRW
1 KRW = 0.002 TOP
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1 TOP = 37.982 ALL
1 ALL = 0.026 TOP
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1 TOP = 50.515 BDT
1 BDT = 0.020 TOP
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1 TOP = 0.748 AWG
1 AWG = 1.338 TOP
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1 TOP = 2.408 BRL
1 BRL = 0.415 TOP
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1 TOP = 0.001 BCH
1 BCH = 813.235 TOP
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1 TOP = 0.000 BTC
1 BTC = 200665.833 TOP
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1 TOP = 1.525 AED
1 AED = 0.656 TOP
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1 TOP = 379.433 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 = 389.989 CLP
1 CLP = 0.003 TOP
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1 TOP = 1.361 BYN
1 BYN = 0.735 TOP
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1 TOP = 1718.072 COP
1 COP = 0.001 TOP
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1 TOP = 10.694 CUP
1 CUP = 0.094 TOP
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1 TOP = 0.000 ETH
1 ETH = 4500.916 TOP
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1 TOP = 0.382 EUR
1 EUR = 2.621 TOP
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1 TOP = 10.633 HNL
1 HNL = 0.094 TOP
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1 TOP = 29.900 GMD
1 GMD = 0.033 TOP
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1 TOP = 0.320 GIP
1 GIP = 3.120 TOP
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1 TOP = 54.527 HTG
1 HTG = 0.018 TOP
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1 TOP = 0.295 JOD
1 JOD = 3.395 TOP
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1 TOP = 61.346 JPY
1 JPY = 0.016 TOP
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1 TOP = 29.431 AFN
1 AFN = 0.034 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 = 163.194 AMD
1 AMD = 0.006 TOP
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1 TOP = 0.366 CHF
1 CHF = 2.731 TOP
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1 TOP = 74.033 DJF
1 DJF = 0.014 TOP
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1 TOP = 26.075 DOP
1 DOP = 0.038 TOP
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1 TOP = 42.052 CVE
1 CVE = 0.024 TOP
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1 TOP = 1.152 GEL
1 GEL = 0.868 TOP
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1 TOP = 6.444 GHS
1 GHS = 0.155 TOP
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1 TOP = 86.981 GYD
1 GYD = 0.011 TOP
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1 TOP = 1.512 ILS
1 ILS = 0.662 TOP
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1 TOP = 36.154 INR
1 INR = 0.028 TOP
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1 TOP = 55.893 ISK
1 ISK = 0.018 TOP
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1 TOP = 1666.244 KHR
1 KHR = 0.001 TOP
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1 TOP = 53.717 KES
1 KES = 0.019 TOP
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1 TOP = 0.128 KWD
1 KWD = 7.817 TOP
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1 TOP = 204.349 KZT
1 KZT = 0.005 TOP
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1 TOP = 122.808 LKR
1 LKR = 0.008 TOP
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1 TOP = 4.027 MAD
1 MAD = 0.248 TOP
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1 TOP = 871.266 MMK
1 MMK = 0.001 TOP
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1 TOP = 1411.135 MNT
1 MNT = 0.001 TOP
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1 TOP = 18.709 MUR
1 MUR = 0.053 TOP
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1 TOP = 165.611 MRO
1 MRO = 0.006 TOP
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1 TOP = 6.400 MVR
1 MVR = 0.156 TOP
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1 TOP = 720.883 MWK
1 MWK = 0.001 TOP
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1 TOP = 0.726 NZD
1 NZD = 1.378 TOP
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1 TOP = 58.019 NPR
1 NPR = 0.017 TOP
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1 TOP = 23.787 PHP
1 PHP = 0.042 TOP
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1 TOP = 116.429 PKR
1 PKR = 0.009 TOP
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1 TOP = 591.821 RWF
1 RWF = 0.002 TOP
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1 TOP = 0.005 LTC
1 LTC = 214.865 TOP
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1 TOP = 8.385 MXN
1 MXN = 0.119 TOP
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1 TOP = 15.301 NIO
1 NIO = 0.065 TOP
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1 TOP = 1.899 RON
1 RON = 0.527 TOP
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1 TOP = 373.756 KPW
1 KPW = 0.003 TOP
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1 TOP = 0.346 KYD
1 KYD = 2.886 TOP
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1 TOP = 37256.135 LBP
1 LBP = 0.000 TOP
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1 TOP = 2.001 LYD
1 LYD = 0.500 TOP
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1 TOP = 9001.615 LAK
1 LAK = 0.000 TOP
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1 TOP = 1937.782 MGA
1 MGA = 0.001 TOP
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1 TOP = 83.148 LRD
1 LRD = 0.012 TOP
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1 TOP = 23.481 MKD
1 MKD = 0.043 TOP
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1 TOP = 7.658 LSL
1 LSL = 0.131 TOP
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1 TOP = 3.327 MOP
1 MOP = 0.301 TOP
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1 TOP = 7.405 MDL
1 MDL = 0.135 TOP
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1 TOP = 7.658 NAD
1 NAD = 0.131 TOP
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1 TOP = 1.841 MYR
1 MYR = 0.543 TOP
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1 TOP = 0.160 OMR
1 OMR = 6.254 TOP
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1 TOP = 637.914 NGN
1 NGN = 0.002 TOP
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1 TOP = 1.673 PGK
1 PGK = 0.598 TOP
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1 TOP = 0.415 PAB
1 PAB = 2.408 TOP
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1 TOP = 1.523 PEN
1 PEN = 0.657 TOP
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1 TOP = 4.417 NOK
1 NOK = 0.226 TOP
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1 TOP = 1.599 PLN
1 PLN = 0.625 TOP
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1 TOP = 3297.028 PYG
1 PYG = 0.000 TOP
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1 TOP = 1.514 QAR
1 QAR = 0.660 TOP
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1 TOP = 3.493 SBD
1 SBD = 0.286 TOP
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1 TOP = 1.558 SAR
1 SAR = 0.642 TOP
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1 TOP = 0.553 SGD
1 SGD = 1.807 TOP
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1 TOP = 8708.300 SLL
1 SLL = 0.000 TOP
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1 TOP = 14.035 THB
1 THB = 0.071 TOP
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1 TOP = 13.689 TWD
1 TWD = 0.073 TOP
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1 TOP = 17.272 UAH
1 UAH = 0.058 TOP
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1 TOP = 1524.375 UGX
1 UGX = 0.001 TOP
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1 TOP = 15.020 SRD
1 SRD = 0.067 TOP
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1 TOP = 9253.278 STD
1 STD = 0.000 TOP
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1 TOP = 15.195 TRY
1 TRY = 0.066 TOP
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1 TOP = 2.822 TTD
1 TTD = 0.354 TOP
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1 TOP = 1.000 TOP
1 TOP = 1.000 TOP
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1 TOP = 5376.268 UZS
1 UZS = 0.000 TOP
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1 TOP = 102.471 YER
1 YER = 0.010 TOP
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1 TOP = 7.625 ZAR
1 ZAR = 0.131 TOP
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1 TOP = 44.672 RSD
1 RSD = 0.022 TOP
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1 TOP = 36.193 RUB
1 RUB = 0.028 TOP
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1 TOP = 237.597 SOS
1 SOS = 0.004 TOP
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1 TOP = 3.638 SVC
1 SVC = 0.275 TOP
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1 TOP = 5399.524 SYP
1 SYP = 0.000 TOP
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1 TOP = 7.660 SZL
1 SZL = 0.131 TOP
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1 TOP = 1.281 TND
1 TND = 0.781 TOP
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1 TOP = 17.618 UYU
1 UYU = 0.057 TOP
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1 TOP = 10579.155 VND
1 VND = 0.000 TOP
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1 TOP = 49.303 VUV
1 VUV = 0.020 TOP
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1 TOP = 1.163 WST
1 WST = 0.860 TOP
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1 TOP = 250.254 XAF
1 XAF = 0.004 TOP
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1 TOP = 1.122 XCD
1 XCD = 0.891 TOP
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1 TOP = 6.113 SCR
1 SCR = 0.164 TOP
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1 TOP = 4.191 SEK
1 SEK = 0.239 TOP
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1 TOP = 0.320 SHP
1 SHP = 3.120 TOP
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1 TOP = 1098.426 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 = 45.528 XPF
1 XPF = 0.022 TOP
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1 TOP = 250.254 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.