Tongan paʻanga
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1 TOP = 0.645 AUD
1 AUD = 1.551 TOP
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1 TOP = 568.125 ARS
1 ARS = 0.002 TOP
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1 TOP = 1224.475 BIF
1 BIF = 0.001 TOP
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1 TOP = 0.157 BHD
1 BHD = 6.376 TOP
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1 TOP = 2.888 BOB
1 BOB = 0.346 TOP
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1 TOP = 0.709 AZN
1 AZN = 1.410 TOP
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1 TOP = 36.388 BTN
1 BTN = 0.027 TOP
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1 TOP = 211.608 CRC
1 CRC = 0.005 TOP
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1 TOP = 8.842 CZK
1 CZK = 0.113 TOP
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1 TOP = 3.008 CNY
1 CNY = 0.332 TOP
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1 TOP = 2.687 DKK
1 DKK = 0.372 TOP
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1 TOP = 57.623 ETB
1 ETB = 0.017 TOP
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1 TOP = 3627.178 GNF
1 GNF = 0.000 TOP
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1 TOP = 2.711 HRK
1 HRK = 0.369 TOP
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1 TOP = 6874.745 IDR
1 IDR = 0.000 TOP
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1 TOP = 66.811 JMD
1 JMD = 0.015 TOP
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1 TOP = 36.475 KGS
1 KGS = 0.027 TOP
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1 TOP = 0.704 BAM
1 BAM = 1.421 TOP
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1 TOP = 0.750 ANG
1 ANG = 1.334 TOP
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1 TOP = 5.675 BWP
1 BWP = 0.176 TOP
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1 TOP = 0.538 BND
1 BND = 1.860 TOP
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1 TOP = 1202.261 CDF
1 CDF = 0.001 TOP
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1 TOP = 0.842 BZD
1 BZD = 1.188 TOP
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1 TOP = 13680.918 BYR
1 BYR = 0.000 TOP
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1 TOP = 0.704 BGN
1 BGN = 1.421 TOP
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1 TOP = 0.575 CAD
1 CAD = 1.738 TOP
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1 TOP = 54.941 DZD
1 DZD = 0.018 TOP
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1 TOP = 6.257 ERN
1 ERN = 0.160 TOP
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1 TOP = 20.299 EGP
1 EGP = 0.049 TOP
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1 TOP = 0.956 FJD
1 FJD = 1.046 TOP
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1 TOP = 0.314 GBP
1 GBP = 3.183 TOP
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1 TOP = 0.314 FKP
1 FKP = 3.183 TOP
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1 TOP = 3.199 GTQ
1 GTQ = 0.313 TOP
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1 TOP = 3.274 HKD
1 HKD = 0.305 TOP
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1 TOP = 143.358 HUF
1 HUF = 0.007 TOP
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1 TOP = 546.515 IQD
1 IQD = 0.002 TOP
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1 TOP = 17519.333 IRR
1 IRR = 0.000 TOP
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1 TOP = 177.039 KMF
1 KMF = 0.006 TOP
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1 TOP = 580.475 KRW
1 KRW = 0.002 TOP
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1 TOP = 35.577 ALL
1 ALL = 0.028 TOP
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1 TOP = 51.036 BDT
1 BDT = 0.020 TOP
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1 TOP = 0.747 AWG
1 AWG = 1.339 TOP
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1 TOP = 2.316 BRL
1 BRL = 0.432 TOP
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1 TOP = 0.001 BCH
1 BCH = 1261.842 TOP
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1 TOP = 0.000 BTC
1 BTC = 266388.889 TOP
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1 TOP = 1.532 AED
1 AED = 0.653 TOP
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1 TOP = 380.363 AOA
1 AOA = 0.003 TOP
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1 TOP = 0.417 BSD
1 BSD = 2.398 TOP
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1 TOP = 404.288 CLP
1 CLP = 0.002 TOP
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1 TOP = 1.368 BYN
1 BYN = 0.731 TOP
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1 TOP = 1720.517 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 = 8182.594 TOP
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1 TOP = 0.360 EUR
1 EUR = 2.779 TOP
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1 TOP = 10.940 HNL
1 HNL = 0.091 TOP
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1 TOP = 30.302 GMD
1 GMD = 0.033 TOP
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1 TOP = 0.314 GIP
1 GIP = 3.183 TOP
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1 TOP = 55.633 HTG
1 HTG = 0.018 TOP
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1 TOP = 0.296 JOD
1 JOD = 3.382 TOP
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1 TOP = 61.502 JPY
1 JPY = 0.016 TOP
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1 TOP = 28.661 AFN
1 AFN = 0.035 TOP
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1 TOP = 0.834 BBD
1 BBD = 1.199 TOP
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1 TOP = 0.417 BMD
1 BMD = 2.398 TOP
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1 TOP = 159.971 AMD
1 AMD = 0.006 TOP
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1 TOP = 0.335 CHF
1 CHF = 2.981 TOP
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1 TOP = 74.411 DJF
1 DJF = 0.013 TOP
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1 TOP = 25.306 DOP
1 DOP = 0.040 TOP
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1 TOP = 39.682 CVE
1 CVE = 0.025 TOP
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1 TOP = 1.128 GEL
1 GEL = 0.886 TOP
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1 TOP = 4.360 GHS
1 GHS = 0.229 TOP
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1 TOP = 87.170 GYD
1 GYD = 0.011 TOP
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1 TOP = 1.423 ILS
1 ILS = 0.703 TOP
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1 TOP = 36.388 INR
1 INR = 0.027 TOP
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1 TOP = 51.904 ISK
1 ISK = 0.019 TOP
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1 TOP = 1668.872 KHR
1 KHR = 0.001 TOP
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1 TOP = 53.952 KES
1 KES = 0.019 TOP
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1 TOP = 0.128 KWD
1 KWD = 7.825 TOP
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1 TOP = 226.277 KZT
1 KZT = 0.004 TOP
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1 TOP = 125.668 LKR
1 LKR = 0.008 TOP
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1 TOP = 3.786 MAD
1 MAD = 0.264 TOP
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1 TOP = 875.758 MMK
1 MMK = 0.001 TOP
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1 TOP = 1498.920 MNT
1 MNT = 0.001 TOP
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1 TOP = 19.418 MUR
1 MUR = 0.051 TOP
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1 TOP = 167.366 MRO
1 MRO = 0.006 TOP
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1 TOP = 6.448 MVR
1 MVR = 0.155 TOP
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1 TOP = 723.011 MWK
1 MWK = 0.001 TOP
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1 TOP = 0.705 NZD
1 NZD = 1.418 TOP
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1 TOP = 58.248 NPR
1 NPR = 0.017 TOP
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1 TOP = 24.072 PHP
1 PHP = 0.042 TOP
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1 TOP = 117.898 PKR
1 PKR = 0.008 TOP
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1 TOP = 602.624 RWF
1 RWF = 0.002 TOP
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1 TOP = 0.004 LTC
1 LTC = 253.543 TOP
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1 TOP = 7.868 MXN
1 MXN = 0.127 TOP
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1 TOP = 15.277 NIO
1 NIO = 0.065 TOP
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1 TOP = 1.826 RON
1 RON = 0.548 TOP
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1 TOP = 375.391 KPW
1 KPW = 0.003 TOP
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1 TOP = 0.342 KYD
1 KYD = 2.924 TOP
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1 TOP = 37602.211 LBP
1 LBP = 0.000 TOP
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1 TOP = 2.279 LYD
1 LYD = 0.439 TOP
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1 TOP = 9019.729 LAK
1 LAK = 0.000 TOP
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1 TOP = 1863.633 MGA
1 MGA = 0.001 TOP
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1 TOP = 83.837 LRD
1 LRD = 0.012 TOP
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1 TOP = 21.986 MKD
1 MKD = 0.045 TOP
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1 TOP = 7.562 LSL
1 LSL = 0.132 TOP
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1 TOP = 3.372 MOP
1 MOP = 0.297 TOP
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1 TOP = 7.160 MDL
1 MDL = 0.140 TOP
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1 TOP = 7.562 NAD
1 NAD = 0.132 TOP
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1 TOP = 1.784 MYR
1 MYR = 0.561 TOP
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1 TOP = 0.161 OMR
1 OMR = 6.226 TOP
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1 TOP = 637.881 NGN
1 NGN = 0.002 TOP
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1 TOP = 1.719 PGK
1 PGK = 0.582 TOP
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1 TOP = 0.417 PAB
1 PAB = 2.398 TOP
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1 TOP = 1.494 PEN
1 PEN = 0.669 TOP
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1 TOP = 4.270 NOK
1 NOK = 0.234 TOP
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1 TOP = 1.536 PLN
1 PLN = 0.651 TOP
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1 TOP = 3109.414 PYG
1 PYG = 0.000 TOP
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1 TOP = 1.518 QAR
1 QAR = 0.659 TOP
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1 TOP = 3.447 SBD
1 SBD = 0.290 TOP
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1 TOP = 1.564 SAR
1 SAR = 0.639 TOP
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1 TOP = 0.538 SGD
1 SGD = 1.860 TOP
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1 TOP = 9459.812 SLL
1 SLL = 0.000 TOP
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1 TOP = 13.560 THB
1 THB = 0.074 TOP
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1 TOP = 12.459 TWD
1 TWD = 0.080 TOP
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1 TOP = 17.444 UAH
1 UAH = 0.057 TOP
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1 TOP = 1494.440 UGX
1 UGX = 0.001 TOP
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1 TOP = 15.267 SRD
1 SRD = 0.066 TOP
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1 TOP = 8843.712 STD
1 STD = 0.000 TOP
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1 TOP = 16.943 TRY
1 TRY = 0.059 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 = 5310.031 UZS
1 UZS = 0.000 TOP
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1 TOP = 100.317 YER
1 YER = 0.010 TOP
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1 TOP = 7.562 ZAR
1 ZAR = 0.132 TOP
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1 TOP = 42.181 RSD
1 RSD = 0.024 TOP
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1 TOP = 33.399 RUB
1 RUB = 0.030 TOP
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1 TOP = 238.361 SOS
1 SOS = 0.004 TOP
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1 TOP = 3.650 SVC
1 SVC = 0.274 TOP
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1 TOP = 5423.107 SYP
1 SYP = 0.000 TOP
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1 TOP = 7.562 SZL
1 SZL = 0.132 TOP
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1 TOP = 1.207 TND
1 TND = 0.829 TOP
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1 TOP = 16.780 UYU
1 UYU = 0.060 TOP
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1 TOP = 10925.881 VND
1 VND = 0.000 TOP
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1 TOP = 50.298 VUV
1 VUV = 0.020 TOP
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1 TOP = 1.158 WST
1 WST = 0.864 TOP
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1 TOP = 236.054 XAF
1 XAF = 0.004 TOP
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1 TOP = 1.126 XCD
1 XCD = 0.888 TOP
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1 TOP = 6.244 SCR
1 SCR = 0.160 TOP
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1 TOP = 4.027 SEK
1 SEK = 0.248 TOP
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1 TOP = 0.314 SHP
1 SHP = 3.183 TOP
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1 TOP = 1045.385 TZS
1 TZS = 0.001 TOP
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1 TOP = 0.417 USD
1 USD = 2.398 TOP
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1 TOP = 42.945 XPF
1 XPF = 0.023 TOP
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1 TOP = 236.054 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.