Cuban peso tongan paʻanga exchange rate history (CUP TOP) October 2023

Cuban peso tongan paʻanga history for October 2023. The highest quote for this month is 0.10073 (31/10/2023) and the lowest 0.09975 (28/10/2023). The difference between high and low is 0.97.

CUP TOP average rate for October 2023 is 0.09917, the change between 01/10/2023 and 31/10/2023 is -2.54 %.

01 October 2023	1 CUP = 0.0983 TOP
03 October 2023	1 CUP = 0.0991 TOP
04 October 2023	1 CUP = 0.0991 TOP
06 October 2023	1 CUP = 0.0994 TOP
07 October 2023	1 CUP = 0.0990 TOP
09 October 2023	1 CUP = 0.0992 TOP
10 October 2023	1 CUP = 0.0985 TOP
11 October 2023	1 CUP = 0.0981 TOP
13 October 2023	1 CUP = 0.0987 TOP
16 October 2023	1 CUP = 0.0988 TOP
17 October 2023	1 CUP = 0.0987 TOP
18 October 2023	1 CUP = 0.0992 TOP
19 October 2023	1 CUP = 0.0992 TOP
20 October 2023	1 CUP = 0.0990 TOP
21 October 2023	1 CUP = 0.0989 TOP
22 October 2023	1 CUP = 0.0992 TOP
23 October 2023	1 CUP = 0.0994 TOP
24 October 2023	1 CUP = 0.0986 TOP
25 October 2023	1 CUP = 0.0993 TOP
26 October 2023	1 CUP = 0.1001 TOP
27 October 2023	1 CUP = 0.0999 TOP
28 October 2023	1 CUP = 0.0998 TOP
29 October 2023	1 CUP = 0.0998 TOP
30 October 2023	1 CUP = 0.0994 TOP
31 October 2023	1 CUP = 0.1008 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