Historic Danish Krone Tongan paʻanga

Danish Krone tongan paʻanga history for February 2024. The highest quote for this month is 0.34489 (28/02/2024) and the lowest 0.34203 (02/02/2024). The difference between high and low is 0.83.

DKK TOP average rate for February 2024 is 0.33988, the change between 01/02/2024 and 29/02/2024 is +0.06 %.

01 February 20241 DKK = 0.3422 TOP
02 February 20241 DKK = 0.3429 TOP
03 February 20241 DKK = 0.3403 TOP
04 February 20241 DKK = 0.3403 TOP
05 February 20241 DKK = 0.3416 TOP
06 February 20241 DKK = 0.3410 TOP
07 February 20241 DKK = 0.3430 TOP
08 February 20241 DKK = 0.3410 TOP
09 February 20241 DKK = 0.3356 TOP
12 February 20241 DKK = 0.3385 TOP
13 February 20241 DKK = 0.3376 TOP
14 February 20241 DKK = 0.3372 TOP
15 February 20241 DKK = 0.3374 TOP
16 February 20241 DKK = 0.3380 TOP
17 February 20241 DKK = 0.3381 TOP
18 February 20241 DKK = 0.3381 TOP
19 February 20241 DKK = 0.3384 TOP
20 February 20241 DKK = 0.3358 TOP
21 February 20241 DKK = 0.3385 TOP
22 February 20241 DKK = 0.3410 TOP
23 February 20241 DKK = 0.3409 TOP
25 February 20241 DKK = 0.3410 TOP
26 February 20241 DKK = 0.3423 TOP
27 February 20241 DKK = 0.3449 TOP
28 February 20241 DKK = 0.3393 TOP
29 February 20241 DKK = 0.3420 TOP

04/02/2021: Ending of Intervention Policy

Denmark's central bank announced the end of its long-standing policy of defending the Krone's peg to the Euro.

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.

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.

19/09/2000: Referendum on Euro Membership

Danish voters rejected adopting the Euro in a referendum, maintaining the Krone as the national currency.

31/12/1998: Euro peg

Denmark joined the European Exchange Rate Mechanism (ERM II), pegging the Krone to the Euro with a narrow fluctuation band.

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.

24/03/1982: Floating Exchange Rate

Denmark switched to a floating exchange rate regime, allowing the Krone's value to be determined by market forces.

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.

21/07/1944: Bretton Woods Agreement

Denmark became a member of the International Monetary Fund (IMF) and agreed to the Bretton Woods system, pegging the Krone to the US dollar.

10/09/1927: Return to Gold Standard

Denmark abandoned the gold standard due to economic pressures and public debt.

31/12/1872: Pegging to Gold Standard

The Danish Krone was pegged to the gold standard, fixing its value in relation to gold.
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