Historic Brazilian Real Tongan paʻanga

Brazilian Real tongan paʻanga history for January 2024. The highest quote for this month is 0.48177 (11/01/2024) and the lowest 0.48037 (12/01/2024). The difference between high and low is 0.29.

BRL TOP average rate for January 2024 is 0.47601, the change between 01/01/2024 and 31/01/2024 is -0.04 %.

01 January 20241 BRL = 0.4745 TOP
02 January 20241 BRL = 0.4745 TOP
03 January 20241 BRL = 0.4695 TOP
04 January 20241 BRL = 0.4704 TOP
05 January 20241 BRL = 0.4737 TOP
06 January 20241 BRL = 0.4757 TOP
07 January 20241 BRL = 0.4773 TOP
08 January 20241 BRL = 0.4780 TOP
09 January 20241 BRL = 0.4807 TOP
10 January 20241 BRL = 0.4794 TOP
11 January 20241 BRL = 0.4819 TOP
12 January 20241 BRL = 0.4766 TOP
14 January 20241 BRL = 0.4779 TOP
15 January 20241 BRL = 0.4805 TOP
16 January 20241 BRL = 0.4777 TOP
17 January 20241 BRL = 0.4737 TOP
18 January 20241 BRL = 0.4760 TOP
19 January 20241 BRL = 0.4778 TOP
22 January 20241 BRL = 0.4761 TOP
23 January 20241 BRL = 0.4688 TOP
24 January 20241 BRL = 0.4724 TOP
25 January 20241 BRL = 0.4746 TOP
26 January 20241 BRL = 0.4777 TOP
28 January 20241 BRL = 0.4776 TOP
29 January 20241 BRL = 0.4779 TOP
30 January 20241 BRL = 0.4766 TOP
31 January 20241 BRL = 0.4747 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.
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