Cuban peso tongan paʻanga exchange rate history (CUP TOP) February 2024

Cuban peso tongan paʻanga history for February 2024. The highest quote for this month is 0.09921 (07/02/2024) and the lowest 0.09817 (02/02/2024). The difference between high and low is 1.05.

CUP TOP average rate for February 2024 is 0.09788, the change between 01/02/2024 and 29/02/2024 is +0.36 %.

01 February 2024	1 CUP = 0.0987 TOP
02 February 2024	1 CUP = 0.0981 TOP
03 February 2024	1 CUP = 0.0979 TOP
04 February 2024	1 CUP = 0.0979 TOP
05 February 2024	1 CUP = 0.0976 TOP
06 February 2024	1 CUP = 0.0986 TOP
07 February 2024	1 CUP = 0.0992 TOP
08 February 2024	1 CUP = 0.0984 TOP
09 February 2024	1 CUP = 0.0968 TOP
12 February 2024	1 CUP = 0.0976 TOP
13 February 2024	1 CUP = 0.0974 TOP
14 February 2024	1 CUP = 0.0979 TOP
15 February 2024	1 CUP = 0.0978 TOP
16 February 2024	1 CUP = 0.0976 TOP
17 February 2024	1 CUP = 0.0975 TOP
18 February 2024	1 CUP = 0.0975 TOP
19 February 2024	1 CUP = 0.0976 TOP
20 February 2024	1 CUP = 0.0969 TOP
21 February 2024	1 CUP = 0.0974 TOP
22 February 2024	1 CUP = 0.0980 TOP
23 February 2024	1 CUP = 0.0979 TOP
24 February 2024	1 CUP = 0.0978 TOP
25 February 2024	1 CUP = 0.0978 TOP
26 February 2024	1 CUP = 0.0985 TOP
27 February 2024	1 CUP = 0.0989 TOP
28 February 2024	1 CUP = 0.0974 TOP
29 February 2024	1 CUP = 0.0983 TOP

01/01/2021: End of Monetary Dualism

The Cuban government completed the currency unification process, eliminating the convertible peso (CUC) and establishing a single currency system with the Cuban peso (CUP).

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.

20/12/2013: Currency Unification Implementation

The Cuban government officially started the process of currency unification, gradually phasing out the convertible peso (CUC) and improving monetary policy.

25/10/2011: Currency Unification Announced

The Cuban government announced plans to eliminate the dual currency system and unify the CUP and CUC.

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.

08/12/2004: Elimination of US Dollar Circulation

The Cuban government announced the withdrawal of the US dollar as legal tender and introduced the convertible peso (CUC) as a replacement.

07/12/1994: Dollarization Decree

Cubans were allowed to hold and transact in foreign currencies, primarily the US dollar, to counter the economic crisis.

01/08/1994: Special Period

The Cuban economy faced a severe crisis due to the collapse of the Soviet Union, leading to currency devaluation and economic reforms.

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.

01/01/1961: Nationalization of Banks

The Cuban government nationalized all private and foreign-owned banks, including their currency holdings.

Historic Cuban peso Tongan paʻanga