Tongan paʻanga
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1 TOP = 0.642 AUD
1 AUD = 1.558 TOP
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1 TOP = 359.394 ARS
1 ARS = 0.003 TOP
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1 TOP = 1210.740 BIF
1 BIF = 0.001 TOP
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1 TOP = 0.160 BHD
1 BHD = 6.264 TOP
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1 TOP = 2.926 BOB
1 BOB = 0.342 TOP
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1 TOP = 0.720 AZN
1 AZN = 1.389 TOP
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1 TOP = 35.049 BTN
1 BTN = 0.029 TOP
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1 TOP = 216.589 CRC
1 CRC = 0.005 TOP
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1 TOP = 9.816 CZK
1 CZK = 0.102 TOP
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1 TOP = 3.041 CNY
1 CNY = 0.329 TOP
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1 TOP = 2.895 DKK
1 DKK = 0.345 TOP
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1 TOP = 24.039 ETB
1 ETB = 0.042 TOP
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1 TOP = 3639.302 GNF
1 GNF = 0.000 TOP
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1 TOP = 2.925 HRK
1 HRK = 0.342 TOP
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1 TOP = 6581.865 IDR
1 IDR = 0.000 TOP
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1 TOP = 65.721 JMD
1 JMD = 0.015 TOP
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1 TOP = 37.875 KGS
1 KGS = 0.026 TOP
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1 TOP = 0.757 BAM
1 BAM = 1.320 TOP
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1 TOP = 0.763 ANG
1 ANG = 1.310 TOP
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1 TOP = 5.746 BWP
1 BWP = 0.174 TOP
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1 TOP = 0.563 BND
1 BND = 1.775 TOP
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1 TOP = 1174.970 CDF
1 CDF = 0.001 TOP
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1 TOP = 0.853 BZD
1 BZD = 1.172 TOP
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1 TOP = 13827.461 BYR
1 BYR = 0.000 TOP
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1 TOP = 0.758 BGN
1 BGN = 1.320 TOP
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1 TOP = 0.572 CAD
1 CAD = 1.748 TOP
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1 TOP = 56.941 DZD
1 DZD = 0.018 TOP
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1 TOP = 6.353 ERN
1 ERN = 0.157 TOP
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1 TOP = 20.668 EGP
1 EGP = 0.048 TOP
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1 TOP = 0.946 FJD
1 FJD = 1.058 TOP
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1 TOP = 0.332 GBP
1 GBP = 3.013 TOP
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1 TOP = 0.332 FKP
1 FKP = 3.013 TOP
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1 TOP = 3.306 GTQ
1 GTQ = 0.302 TOP
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1 TOP = 3.314 HKD
1 HKD = 0.302 TOP
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1 TOP = 154.693 HUF
1 HUF = 0.006 TOP
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1 TOP = 554.659 IQD
1 IQD = 0.002 TOP
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1 TOP = 17803.447 IRR
1 IRR = 0.000 TOP
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1 TOP = 190.814 KMF
1 KMF = 0.005 TOP
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1 TOP = 555.950 KRW
1 KRW = 0.002 TOP
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1 TOP = 40.257 ALL
1 ALL = 0.025 TOP
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1 TOP = 46.468 BDT
1 BDT = 0.022 TOP
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1 TOP = 0.762 AWG
1 AWG = 1.312 TOP
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1 TOP = 2.110 BRL
1 BRL = 0.474 TOP
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1 TOP = 0.001 BCH
1 BCH = 1009.923 TOP
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1 TOP = 0.000 BTC
1 BTC = 168657.143 TOP
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1 TOP = 1.556 AED
1 AED = 0.643 TOP
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1 TOP = 353.240 AOA
1 AOA = 0.003 TOP
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1 TOP = 0.424 BSD
1 BSD = 2.361 TOP
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1 TOP = 408.123 CLP
1 CLP = 0.002 TOP
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1 TOP = 1.385 BYN
1 BYN = 0.722 TOP
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1 TOP = 1657.064 COP
1 COP = 0.001 TOP
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1 TOP = 10.905 CUP
1 CUP = 0.092 TOP
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1 TOP = 0.000 ETH
1 ETH = 9482.731 TOP
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1 TOP = 0.388 EUR
1 EUR = 2.576 TOP
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1 TOP = 10.456 HNL
1 HNL = 0.096 TOP
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1 TOP = 28.788 GMD
1 GMD = 0.035 TOP
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1 TOP = 0.332 GIP
1 GIP = 3.013 TOP
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1 TOP = 56.137 HTG
1 HTG = 0.018 TOP
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1 TOP = 0.300 JOD
1 JOD = 3.331 TOP
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1 TOP = 62.595 JPY
1 JPY = 0.016 TOP
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1 TOP = 30.036 AFN
1 AFN = 0.033 TOP
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1 TOP = 0.847 BBD
1 BBD = 1.181 TOP
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1 TOP = 0.424 BMD
1 BMD = 2.361 TOP
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1 TOP = 170.545 AMD
1 AMD = 0.006 TOP
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1 TOP = 0.372 CHF
1 CHF = 2.687 TOP
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1 TOP = 75.398 DJF
1 DJF = 0.013 TOP
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1 TOP = 25.024 DOP
1 DOP = 0.040 TOP
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1 TOP = 42.699 CVE
1 CVE = 0.023 TOP
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1 TOP = 1.124 GEL
1 GEL = 0.889 TOP
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1 TOP = 5.428 GHS
1 GHS = 0.184 TOP
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1 TOP = 88.675 GYD
1 GYD = 0.011 TOP
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1 TOP = 1.550 ILS
1 ILS = 0.645 TOP
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1 TOP = 35.061 INR
1 INR = 0.029 TOP
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1 TOP = 57.721 ISK
1 ISK = 0.017 TOP
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1 TOP = 1714.743 KHR
1 KHR = 0.001 TOP
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1 TOP = 58.868 KES
1 KES = 0.017 TOP
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1 TOP = 0.130 KWD
1 KWD = 7.686 TOP
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1 TOP = 190.009 KZT
1 KZT = 0.005 TOP
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1 TOP = 130.061 LKR
1 LKR = 0.008 TOP
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1 TOP = 4.250 MAD
1 MAD = 0.235 TOP
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1 TOP = 889.171 MMK
1 MMK = 0.001 TOP
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1 TOP = 1461.121 MNT
1 MNT = 0.001 TOP
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1 TOP = 19.393 MUR
1 MUR = 0.052 TOP
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1 TOP = 168.359 MRO
1 MRO = 0.006 TOP
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1 TOP = 6.522 MVR
1 MVR = 0.153 TOP
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1 TOP = 712.722 MWK
1 MWK = 0.001 TOP
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1 TOP = 0.689 NZD
1 NZD = 1.451 TOP
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1 TOP = 56.077 NPR
1 NPR = 0.018 TOP
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1 TOP = 23.468 PHP
1 PHP = 0.043 TOP
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1 TOP = 118.194 PKR
1 PKR = 0.008 TOP
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1 TOP = 543.431 RWF
1 RWF = 0.002 TOP
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1 TOP = 0.004 LTC
1 LTC = 229.198 TOP
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1 TOP = 7.130 MXN
1 MXN = 0.140 TOP
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1 TOP = 15.583 NIO
1 NIO = 0.064 TOP
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1 TOP = 1.928 RON
1 RON = 0.519 TOP
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1 TOP = 381.162 KPW
1 KPW = 0.003 TOP
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1 TOP = 0.353 KYD
1 KYD = 2.834 TOP
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1 TOP = 37915.848 LBP
1 LBP = 0.000 TOP
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1 TOP = 2.035 LYD
1 LYD = 0.491 TOP
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1 TOP = 8836.439 LAK
1 LAK = 0.000 TOP
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1 TOP = 1905.675 MGA
1 MGA = 0.001 TOP
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1 TOP = 81.145 LRD
1 LRD = 0.012 TOP
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1 TOP = 23.915 MKD
1 MKD = 0.042 TOP
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1 TOP = 7.865 LSL
1 LSL = 0.127 TOP
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1 TOP = 3.412 MOP
1 MOP = 0.293 TOP
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1 TOP = 7.433 MDL
1 MDL = 0.135 TOP
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1 TOP = 7.865 NAD
1 NAD = 0.127 TOP
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1 TOP = 1.981 MYR
1 MYR = 0.505 TOP
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1 TOP = 0.163 OMR
1 OMR = 6.133 TOP
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1 TOP = 667.114 NGN
1 NGN = 0.001 TOP
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1 TOP = 1.617 PGK
1 PGK = 0.618 TOP
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1 TOP = 0.424 PAB
1 PAB = 2.361 TOP
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1 TOP = 1.563 PEN
1 PEN = 0.640 TOP
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1 TOP = 4.455 NOK
1 NOK = 0.224 TOP
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1 TOP = 1.665 PLN
1 PLN = 0.601 TOP
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1 TOP = 3086.769 PYG
1 PYG = 0.000 TOP
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1 TOP = 1.544 QAR
1 QAR = 0.648 TOP
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1 TOP = 3.573 SBD
1 SBD = 0.280 TOP
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1 TOP = 1.588 SAR
1 SAR = 0.630 TOP
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1 TOP = 0.565 SGD
1 SGD = 1.771 TOP
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1 TOP = 8880.866 SLL
1 SLL = 0.000 TOP
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1 TOP = 15.135 THB
1 THB = 0.066 TOP
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1 TOP = 13.329 TWD
1 TWD = 0.075 TOP
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1 TOP = 16.303 UAH
1 UAH = 0.061 TOP
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1 TOP = 1654.701 UGX
1 UGX = 0.001 TOP
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1 TOP = 14.976 SRD
1 SRD = 0.067 TOP
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1 TOP = 9436.642 STD
1 STD = 0.000 TOP
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1 TOP = 13.574 TRY
1 TRY = 0.074 TOP
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1 TOP = 2.877 TTD
1 TTD = 0.348 TOP
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1 TOP = 1.000 TOP
1 TOP = 1.000 TOP
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1 TOP = 5306.920 UZS
1 UZS = 0.000 TOP
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1 TOP = 106.005 YER
1 YER = 0.009 TOP
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1 TOP = 7.928 ZAR
1 ZAR = 0.126 TOP
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1 TOP = 45.498 RSD
1 RSD = 0.022 TOP
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1 TOP = 38.677 RUB
1 RUB = 0.026 TOP
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1 TOP = 241.991 SOS
1 SOS = 0.004 TOP
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1 TOP = 3.705 SVC
1 SVC = 0.270 TOP
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1 TOP = 1064.090 SYP
1 SYP = 0.001 TOP
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1 TOP = 7.862 SZL
1 SZL = 0.127 TOP
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1 TOP = 1.311 TND
1 TND = 0.763 TOP
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1 TOP = 16.443 UYU
1 UYU = 0.061 TOP
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1 TOP = 10440.369 VND
1 VND = 0.000 TOP
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1 TOP = 50.280 VUV
1 VUV = 0.020 TOP
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1 TOP = 1.186 WST
1 WST = 0.843 TOP
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1 TOP = 254.608 XAF
1 XAF = 0.004 TOP
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1 TOP = 1.145 XCD
1 XCD = 0.874 TOP
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1 TOP = 5.688 SCR
1 SCR = 0.176 TOP
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1 TOP = 4.342 SEK
1 SEK = 0.230 TOP
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1 TOP = 0.332 SHP
1 SHP = 3.013 TOP
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1 TOP = 1079.693 TZS
1 TZS = 0.001 TOP
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1 TOP = 0.424 USD
1 USD = 2.361 TOP
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1 TOP = 46.320 XPF
1 XPF = 0.022 TOP
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1 TOP = 254.608 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.