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

Cuban peso tongan paʻanga history for January 2024. The highest quote for this month is 0.09859 (23/01/2024) and the lowest 0.09791 (18/01/2024). The difference between high and low is 0.69.

CUP TOP average rate for January 2024 is 0.09733, the change between 01/01/2024 and 31/01/2024 is -2.32 %.

01 January 2024	1 CUP = 0.0958 TOP
02 January 2024	1 CUP = 0.0958 TOP
03 January 2024	1 CUP = 0.0964 TOP
04 January 2024	1 CUP = 0.0966 TOP
05 January 2024	1 CUP = 0.0967 TOP
06 January 2024	1 CUP = 0.0966 TOP
07 January 2024	1 CUP = 0.0970 TOP
08 January 2024	1 CUP = 0.0972 TOP
09 January 2024	1 CUP = 0.0977 TOP
10 January 2024	1 CUP = 0.0981 TOP
11 January 2024	1 CUP = 0.0983 TOP
12 January 2024	1 CUP = 0.0968 TOP
14 January 2024	1 CUP = 0.0967 TOP
15 January 2024	1 CUP = 0.0974 TOP
16 January 2024	1 CUP = 0.0970 TOP
17 January 2024	1 CUP = 0.0972 TOP
18 January 2024	1 CUP = 0.0980 TOP
19 January 2024	1 CUP = 0.0982 TOP
22 January 2024	1 CUP = 0.0975 TOP
23 January 2024	1 CUP = 0.0976 TOP
24 January 2024	1 CUP = 0.0976 TOP
25 January 2024	1 CUP = 0.0977 TOP
26 January 2024	1 CUP = 0.0979 TOP
28 January 2024	1 CUP = 0.0978 TOP
29 January 2024	1 CUP = 0.0979 TOP
30 January 2024	1 CUP = 0.0985 TOP
31 January 2024	1 CUP = 0.0980 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