Danish Krone tongan paʻanga exchange rate history (DKK TOP) November 2023

Danish Krone tongan paʻanga history for November 2023. The highest quote for this month is 0.34893 (21/11/2023) and the lowest 0.34742 (19/11/2023). The difference between high and low is 0.43.

DKK TOP average rate for November 2023 is 0.34149, the change between 01/11/2023 and 30/11/2023 is -1.91 %.

01 November 2023	1 DKK = 0.3375 TOP
06 November 2023	1 DKK = 0.3211 TOP
07 November 2023	1 DKK = 0.3208 TOP
08 November 2023	1 DKK = 0.3406 TOP
09 November 2023	1 DKK = 0.3391 TOP
10 November 2023	1 DKK = 0.3379 TOP
12 November 2023	1 DKK = 0.3385 TOP
13 November 2023	1 DKK = 0.3394 TOP
14 November 2023	1 DKK = 0.3396 TOP
15 November 2023	1 DKK = 0.3429 TOP
16 November 2023	1 DKK = 0.3441 TOP
17 November 2023	1 DKK = 0.3454 TOP
19 November 2023	1 DKK = 0.3474 TOP
20 November 2023	1 DKK = 0.3479 TOP
21 November 2023	1 DKK = 0.3488 TOP
22 November 2023	1 DKK = 0.3496 TOP
23 November 2023	1 DKK = 0.3487 TOP
24 November 2023	1 DKK = 0.3439 TOP
26 November 2023	1 DKK = 0.3450 TOP
27 November 2023	1 DKK = 0.3443 TOP
28 November 2023	1 DKK = 0.3433 TOP
29 November 2023	1 DKK = 0.3448 TOP
30 November 2023	1 DKK = 0.3439 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.

Historic Danish Krone Tongan paʻanga