Historic Bermudian dollar Tongan paʻanga

Bermudian dollar tongan paʻanga history for February 2024. The highest quote for this month is 2.3807 (28/02/2024) and the lowest 2.3538 (06/02/2024). The difference between high and low is 1.13.

BMD TOP average rate for February 2024 is 2.34738, the change between 01/02/2024 and 29/02/2024 is +0.4 %.

01 February 20241 BMD = 2.361 TOP
02 February 20241 BMD = 2.350 TOP
03 February 20241 BMD = 2.350 TOP
04 February 20241 BMD = 2.350 TOP
05 February 20241 BMD = 2.362 TOP
06 February 20241 BMD = 2.367 TOP
07 February 20241 BMD = 2.379 TOP
08 February 20241 BMD = 2.360 TOP
09 February 20241 BMD = 2.322 TOP
12 February 20241 BMD = 2.337 TOP
13 February 20241 BMD = 2.336 TOP
14 February 20241 BMD = 2.347 TOP
15 February 20241 BMD = 2.344 TOP
16 February 20241 BMD = 2.339 TOP
17 February 20241 BMD = 2.339 TOP
18 February 20241 BMD = 2.339 TOP
19 February 20241 BMD = 2.339 TOP
20 February 20241 BMD = 2.323 TOP
21 February 20241 BMD = 2.334 TOP
22 February 20241 BMD = 2.349 TOP
23 February 20241 BMD = 2.347 TOP
24 February 20241 BMD = 2.347 TOP
25 February 20241 BMD = 2.347 TOP
26 February 20241 BMD = 2.358 TOP
27 February 20241 BMD = 2.369 TOP
28 February 20241 BMD = 2.333 TOP
29 February 20241 BMD = 2.352 TOP

01/04/2020: 50th Anniversary of the Paʻanga

Tonga celebrated the 50th anniversary of the introduction of the paʻanga as its national currency.

01/01/2019: Switch to the Bermuda dollar symbol

Bermuda officially adopted a new currency symbol for the Bermudian dollar, replacing the British pound sign used previously.

16/03/2015: Redesign of banknotes

The Bermuda Monetary Authority unveiled a redesigned series of banknotes featuring enhanced security features and updated designs.

29/07/2014: Second Devaluation of the Paʻanga

Another devaluation occurred, this time by 20%, as part of Tonga's economic reform program.

01/05/2012: Introduction of polymer banknotes

Bermuda introduced polymer banknotes to replace paper currency for better durability and security.

14/03/2008: Currency Redenomination

Tonga redenominated its currency, removing three zeros from the paʻanga to simplify monetary transactions.

16/11/2006: Riot and Currency Crisis

Civil unrest and riots erupted in Tonga, leading to a currency crisis and a temporary suspension of trading the paʻanga.

01/01/1997: Incorporation into Federal Reserve System

The US Federal Reserve System incorporated the Bermuda Monetary Authority into its banking system.

01/04/1991: First Devaluation of the Paʻanga

The paʻanga was devalued by 25% in an attempt to boost Tonga's economy and improve trade competitiveness.

06/01/1982: New notes and coins

Bermuda issued new notes and coins, featuring iconic local sights, to commemorate its 375th anniversary.

04/06/1975: Independence of Tonga

Tonga gained full independence from the United Kingdom, further solidifying the status of the paʻanga as its national currency.

25/02/1972: Introduction of decimal coins

Bermuda introduced a decimal currency system, replacing the old pounds, shillings, and pence.

06/07/1970: Currency Board Agreement

Bermuda established a Currency Board System, pegging the Bermudian dollar at par with the US dollar.

01/04/1967: Introduction of the Paʻanga

The Tongan paʻanga was introduced as the official currency, replacing the pound at a rate of 1 pound = 2 paʻanga.
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