Tongan paʻanga
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1 TOP = 0.639 AUD
1 AUD = 1.565 TOP
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1 TOP = 618.440 ARS
1 ARS = 0.002 TOP
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1 TOP = 1225.592 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 = 2.874 BOB
1 BOB = 0.348 TOP
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1 TOP = 0.708 AZN
1 AZN = 1.413 TOP
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1 TOP = 36.559 BTN
1 BTN = 0.027 TOP
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1 TOP = 209.097 CRC
1 CRC = 0.005 TOP
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1 TOP = 8.721 CZK
1 CZK = 0.115 TOP
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1 TOP = 2.965 CNY
1 CNY = 0.337 TOP
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1 TOP = 2.678 DKK
1 DKK = 0.373 TOP
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1 TOP = 62.800 ETB
1 ETB = 0.016 TOP
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1 TOP = 3612.328 GNF
1 GNF = 0.000 TOP
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1 TOP = 2.701 HRK
1 HRK = 0.370 TOP
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1 TOP = 6913.319 IDR
1 IDR = 0.000 TOP
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1 TOP = 66.789 JMD
1 JMD = 0.015 TOP
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1 TOP = 36.415 KGS
1 KGS = 0.027 TOP
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1 TOP = 0.701 BAM
1 BAM = 1.426 TOP
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1 TOP = 0.749 ANG
1 ANG = 1.334 TOP
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1 TOP = 5.860 BWP
1 BWP = 0.171 TOP
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1 TOP = 0.541 BND
1 BND = 1.850 TOP
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1 TOP = 948.674 CDF
1 CDF = 0.001 TOP
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1 TOP = 0.838 BZD
1 BZD = 1.194 TOP
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1 TOP = 14175.403 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 = 0.583 CAD
1 CAD = 1.716 TOP
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1 TOP = 54.311 DZD
1 DZD = 0.018 TOP
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1 TOP = 6.245 ERN
1 ERN = 0.160 TOP
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1 TOP = 19.793 EGP
1 EGP = 0.051 TOP
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1 TOP = 0.957 FJD
1 FJD = 1.045 TOP
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1 TOP = 0.313 GBP
1 GBP = 3.199 TOP
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1 TOP = 0.313 FKP
1 FKP = 3.199 TOP
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1 TOP = 3.188 GTQ
1 GTQ = 0.314 TOP
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1 TOP = 3.235 HKD
1 HKD = 0.309 TOP
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1 TOP = 140.081 HUF
1 HUF = 0.007 TOP
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1 TOP = 546.051 IQD
1 IQD = 0.002 TOP
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1 TOP = 17500.604 IRR
1 IRR = 0.000 TOP
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1 TOP = 176.390 KMF
1 KMF = 0.006 TOP
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1 TOP = 598.410 KRW
1 KRW = 0.002 TOP
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1 TOP = 34.643 ALL
1 ALL = 0.029 TOP
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1 TOP = 50.922 BDT
1 BDT = 0.020 TOP
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1 TOP = 0.745 AWG
1 AWG = 1.342 TOP
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1 TOP = 2.241 BRL
1 BRL = 0.446 TOP
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1 TOP = 0.009 BCH
1 BCH = 116.995 TOP
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1 TOP = 0.000 BTC
1 BTC = 266877.778 TOP
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1 TOP = 1.529 AED
1 AED = 0.654 TOP
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1 TOP = 380.907 AOA
1 AOA = 0.003 TOP
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1 TOP = 0.416 BSD
1 BSD = 2.402 TOP
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1 TOP = 394.080 CLP
1 CLP = 0.003 TOP
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1 TOP = 1.418 BYN
1 BYN = 0.705 TOP
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1 TOP = 1615.596 COP
1 COP = 0.001 TOP
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1 TOP = 9.982 CUP
1 CUP = 0.100 TOP
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1 TOP = 0.000 ETH
1 ETH = 9419.216 TOP
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1 TOP = 0.359 EUR
1 EUR = 2.789 TOP
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1 TOP = 10.938 HNL
1 HNL = 0.091 TOP
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1 TOP = 30.413 GMD
1 GMD = 0.033 TOP
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1 TOP = 0.313 GIP
1 GIP = 3.199 TOP
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1 TOP = 54.486 HTG
1 HTG = 0.018 TOP
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1 TOP = 0.295 JOD
1 JOD = 3.388 TOP
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1 TOP = 63.541 JPY
1 JPY = 0.016 TOP
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1 TOP = 27.637 AFN
1 AFN = 0.036 TOP
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1 TOP = 0.833 BBD
1 BBD = 1.201 TOP
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1 TOP = 0.416 BMD
1 BMD = 2.402 TOP
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1 TOP = 158.795 AMD
1 AMD = 0.006 TOP
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1 TOP = 0.331 CHF
1 CHF = 3.019 TOP
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1 TOP = 74.125 DJF
1 DJF = 0.013 TOP
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1 TOP = 26.566 DOP
1 DOP = 0.038 TOP
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1 TOP = 39.537 CVE
1 CVE = 0.025 TOP
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1 TOP = 1.134 GEL
1 GEL = 0.882 TOP
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1 TOP = 4.496 GHS
1 GHS = 0.222 TOP
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1 TOP = 87.027 GYD
1 GYD = 0.011 TOP
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1 TOP = 1.370 ILS
1 ILS = 0.730 TOP
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1 TOP = 36.559 INR
1 INR = 0.027 TOP
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1 TOP = 50.985 ISK
1 ISK = 0.020 TOP
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1 TOP = 1680.253 KHR
1 KHR = 0.001 TOP
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1 TOP = 53.749 KES
1 KES = 0.019 TOP
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1 TOP = 0.128 KWD
1 KWD = 7.834 TOP
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1 TOP = 223.781 KZT
1 KZT = 0.004 TOP
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1 TOP = 126.158 LKR
1 LKR = 0.008 TOP
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1 TOP = 3.845 MAD
1 MAD = 0.260 TOP
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1 TOP = 874.158 MMK
1 MMK = 0.001 TOP
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1 TOP = 1496.873 MNT
1 MNT = 0.001 TOP
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1 TOP = 18.954 MUR
1 MUR = 0.053 TOP
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1 TOP = 166.735 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 = 722.540 MWK
1 MWK = 0.001 TOP
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1 TOP = 0.724 NZD
1 NZD = 1.382 TOP
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1 TOP = 58.520 NPR
1 NPR = 0.017 TOP
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1 TOP = 24.405 PHP
1 PHP = 0.041 TOP
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1 TOP = 117.628 PKR
1 PKR = 0.009 TOP
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1 TOP = 603.489 RWF
1 RWF = 0.002 TOP
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1 TOP = 0.004 LTC
1 LTC = 227.474 TOP
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1 TOP = 7.660 MXN
1 MXN = 0.131 TOP
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1 TOP = 15.305 NIO
1 NIO = 0.065 TOP
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1 TOP = 1.823 RON
1 RON = 0.549 TOP
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1 TOP = 374.699 KPW
1 KPW = 0.003 TOP
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1 TOP = 0.346 KYD
1 KYD = 2.890 TOP
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1 TOP = 37313.419 LBP
1 LBP = 0.000 TOP
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1 TOP = 2.265 LYD
1 LYD = 0.442 TOP
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1 TOP = 9026.271 LAK
1 LAK = 0.000 TOP
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1 TOP = 1863.212 MGA
1 MGA = 0.001 TOP
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1 TOP = 76.127 LRD
1 LRD = 0.013 TOP
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1 TOP = 22.098 MKD
1 MKD = 0.045 TOP
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1 TOP = 7.207 LSL
1 LSL = 0.139 TOP
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1 TOP = 3.332 MOP
1 MOP = 0.300 TOP
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1 TOP = 7.062 MDL
1 MDL = 0.142 TOP
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1 TOP = 7.207 NAD
1 NAD = 0.139 TOP
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1 TOP = 1.761 MYR
1 MYR = 0.568 TOP
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1 TOP = 0.160 OMR
1 OMR = 6.241 TOP
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1 TOP = 608.610 NGN
1 NGN = 0.002 TOP
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1 TOP = 1.750 PGK
1 PGK = 0.571 TOP
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1 TOP = 0.416 PAB
1 PAB = 2.402 TOP
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1 TOP = 1.413 PEN
1 PEN = 0.708 TOP
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1 TOP = 4.156 NOK
1 NOK = 0.241 TOP
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1 TOP = 1.516 PLN
1 PLN = 0.659 TOP
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1 TOP = 2943.824 PYG
1 PYG = 0.000 TOP
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1 TOP = 1.515 QAR
1 QAR = 0.660 TOP
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1 TOP = 3.528 SBD
1 SBD = 0.283 TOP
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1 TOP = 1.561 SAR
1 SAR = 0.641 TOP
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1 TOP = 0.541 SGD
1 SGD = 1.850 TOP
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1 TOP = 9622.008 SLL
1 SLL = 0.000 TOP
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1 TOP = 13.648 THB
1 THB = 0.073 TOP
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1 TOP = 12.812 TWD
1 TWD = 0.078 TOP
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1 TOP = 17.437 UAH
1 UAH = 0.057 TOP
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1 TOP = 1452.871 UGX
1 UGX = 0.001 TOP
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1 TOP = 16.548 SRD
1 SRD = 0.060 TOP
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1 TOP = 8848.953 STD
1 STD = 0.000 TOP
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1 TOP = 17.478 TRY
1 TRY = 0.057 TOP
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1 TOP = 2.824 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 = 5039.843 UZS
1 UZS = 0.000 TOP
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1 TOP = 99.475 YER
1 YER = 0.010 TOP
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1 TOP = 7.207 ZAR
1 ZAR = 0.139 TOP
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1 TOP = 42.025 RSD
1 RSD = 0.024 TOP
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1 TOP = 33.835 RUB
1 RUB = 0.030 TOP
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1 TOP = 236.817 SOS
1 SOS = 0.004 TOP
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1 TOP = 3.643 SVC
1 SVC = 0.275 TOP
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1 TOP = 4603.397 SYP
1 SYP = 0.000 TOP
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1 TOP = 7.207 SZL
1 SZL = 0.139 TOP
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1 TOP = 1.223 TND
1 TND = 0.818 TOP
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1 TOP = 16.554 UYU
1 UYU = 0.060 TOP
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1 TOP = 10962.363 VND
1 VND = 0.000 TOP
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1 TOP = 50.781 VUV
1 VUV = 0.020 TOP
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1 TOP = 1.168 WST
1 WST = 0.856 TOP
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1 TOP = 235.189 XAF
1 XAF = 0.004 TOP
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1 TOP = 1.127 XCD
1 XCD = 0.887 TOP
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1 TOP = 5.862 SCR
1 SCR = 0.171 TOP
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1 TOP = 3.914 SEK
1 SEK = 0.256 TOP
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1 TOP = 0.313 SHP
1 SHP = 3.199 TOP
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1 TOP = 1034.910 TZS
1 TZS = 0.001 TOP
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1 TOP = 0.416 USD
1 USD = 2.402 TOP
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1 TOP = 42.787 XPF
1 XPF = 0.023 TOP
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1 TOP = 235.189 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.