Historic Canadian dollar Tongan paʻanga

Canadian dollar tongan paʻanga history for February 2024. The highest quote for this month is 1.7628 (07/02/2024) and the lowest 1.7505 (02/02/2024). The difference between high and low is 0.7.

CAD TOP average rate for February 2024 is 1.74023, the change between 01/02/2024 and 29/02/2024 is +1.45 %.

01 February 20241 CAD = 1.757 TOP
02 February 20241 CAD = 1.756 TOP
03 February 20241 CAD = 1.746 TOP
04 February 20241 CAD = 1.748 TOP
05 February 20241 CAD = 1.753 TOP
06 February 20241 CAD = 1.748 TOP
07 February 20241 CAD = 1.763 TOP
08 February 20241 CAD = 1.753 TOP
09 February 20241 CAD = 1.725 TOP
12 February 20241 CAD = 1.737 TOP
13 February 20241 CAD = 1.736 TOP
14 February 20241 CAD = 1.730 TOP
15 February 20241 CAD = 1.731 TOP
16 February 20241 CAD = 1.737 TOP
17 February 20241 CAD = 1.735 TOP
18 February 20241 CAD = 1.734 TOP
19 February 20241 CAD = 1.735 TOP
20 February 20241 CAD = 1.721 TOP
21 February 20241 CAD = 1.726 TOP
22 February 20241 CAD = 1.740 TOP
23 February 20241 CAD = 1.741 TOP
24 February 20241 CAD = 1.738 TOP
25 February 20241 CAD = 1.739 TOP
26 February 20241 CAD = 1.746 TOP
27 February 20241 CAD = 1.755 TOP
28 February 20241 CAD = 1.724 TOP
29 February 20241 CAD = 1.732 TOP

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

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

29/07/2014: Second Devaluation of the Paʻanga

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

07/11/2013: Change in banknote design and security features

The Bank of Canada introduced new polymer banknotes with enhanced security features and redesigned motifs, replacing the paper-based notes in circulation since 1935.

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.

01/04/1991: 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.

15/08/1971: Canada switches to a floating exchange rate

Canada abandoned its fixed exchange rate system and adopted a floating exchange rate, allowing the value of the Canadian dollar to fluctuate in response to market forces.

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.

01/03/1950: Introduction of the Canadian dollar's decimalization

Canada adopted a decimal currency system, dividing the dollar into 100 cents, replacing the previous system based on pounds, shillings, and pence.

01/01/1933: Currency depreciation during the Great Depression

The Canadian dollar experienced significant depreciation during the Great Depression due to economic uncertainty and a decrease in international trade.

02/01/1914: Introduction of the Canadian Dollar Act

The Canadian Dollar Act established the Canadian dollar as the sole currency of Canada and gave the government control over its issuance.

01/01/1858: Introduction of the Canadian dollar

The Canadian pound was replaced by the Canadian dollar as the official currency of Canada, helping to unify the currency across the country.

01/01/1841: Introduction of the Canadian pound

The first Canadian currency was the Canadian pound, which was introduced to replace British pounds in the Province of Canada.
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