Brazilian Real tongan paʻanga exchange rate history (BRL TOP) December 2023

Brazilian Real tongan paʻanga history for December 2023. The highest quote for this month is 0.4878 (27/12/2023) and the lowest 0.48451 (28/12/2023). The difference between high and low is 0.67.

BRL TOP average rate for December 2023 is 0.47834, the change between 01/12/2023 and 31/12/2023 is -0.33 %.

01 December 2023	1 BRL = 0.4730 TOP
02 December 2023	1 BRL = 0.4780 TOP
03 December 2023	1 BRL = 0.4771 TOP
04 December 2023	1 BRL = 0.4750 TOP
05 December 2023	1 BRL = 0.4728 TOP
06 December 2023	1 BRL = 0.4743 TOP
07 December 2023	1 BRL = 0.4818 TOP
08 December 2023	1 BRL = 0.4815 TOP
10 December 2023	1 BRL = 0.4753 TOP
11 December 2023	1 BRL = 0.4843 TOP
12 December 2023	1 BRL = 0.4801 TOP
13 December 2023	1 BRL = 0.4754 TOP
14 December 2023	1 BRL = 0.4781 TOP
15 December 2023	1 BRL = 0.4770 TOP
16 December 2023	1 BRL = 0.4745 TOP
17 December 2023	1 BRL = 0.4745 TOP
18 December 2023	1 BRL = 0.4788 TOP
19 December 2023	1 BRL = 0.4756 TOP
20 December 2023	1 BRL = 0.4863 TOP
21 December 2023	1 BRL = 0.4732 TOP
22 December 2023	1 BRL = 0.4774 TOP
23 December 2023	1 BRL = 0.4804 TOP
24 December 2023	1 BRL = 0.4804 TOP
26 December 2023	1 BRL = 0.4758 TOP
27 December 2023	1 BRL = 0.4899 TOP
28 December 2023	1 BRL = 0.4898 TOP
29 December 2023	1 BRL = 0.4745 TOP

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

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

15/08/2018: Elections and Political Uncertainty

The Real experienced significant volatility leading up to the Presidential elections, responding to political developments and market sentiment.

22/01/2015: Real Hits 10-Year Low

The Real reached its lowest level against the US dollar in a decade, primarily due to a decline in commodity prices and economic concerns.

29/07/2014: Second Devaluation of the Paʻanga

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

15/09/2008: Global Financial Crisis Impact

As a consequence of the global financial crisis, the Brazilian Real faced a sharp depreciation against major currencies due to capital outflows and risk aversion.

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.

27/07/2005: New Currency Symbol

The Central Bank of Brazil announced a public competition to select a new currency symbol, which resulted in the adoption of the official symbol for the Real.

18/06/2002: Exchange Rate Floatation

The Brazilian government allowed the Real to float freely against other currencies, abandoning the controlled exchange rate regime.

15/01/1999: Devaluation of the Real

Due to the Russian financial crisis and the Asian financial crisis, the government devalued the Real by around 8% to boost exports and stimulate the economy.

01/07/1994: Introduction of the Real Plan

The Brazilian real was established as the official currency, replacing the hyperinflation-ridden Cruzeiro Real. It aimed to stabilize the economy and combat inflation.

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.

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.

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.

Historic Brazilian Real Tongan paʻanga