Historic Hong Kong dollar Tongan paʻanga

Hong Kong dollar tongan paʻanga history for February 2024. The highest quote for this month is 0.30413 (28/02/2024) and the lowest 0.30097 (06/02/2024). The difference between high and low is 1.04.

HKD TOP average rate for February 2024 is 0.30013, the change between 01/02/2024 and 29/02/2024 is +0.53 %.

01 February 20241 HKD = 0.3020 TOP
02 February 20241 HKD = 0.3006 TOP
03 February 20241 HKD = 0.3006 TOP
04 February 20241 HKD = 0.3006 TOP
05 February 20241 HKD = 0.3019 TOP
06 February 20241 HKD = 0.3027 TOP
07 February 20241 HKD = 0.3041 TOP
08 February 20241 HKD = 0.3018 TOP
09 February 20241 HKD = 0.2968 TOP
12 February 20241 HKD = 0.2989 TOP
13 February 20241 HKD = 0.2988 TOP
14 February 20241 HKD = 0.3002 TOP
15 February 20241 HKD = 0.2998 TOP
16 February 20241 HKD = 0.2991 TOP
17 February 20241 HKD = 0.2990 TOP
18 February 20241 HKD = 0.2991 TOP
19 February 20241 HKD = 0.2991 TOP
20 February 20241 HKD = 0.2970 TOP
21 February 20241 HKD = 0.2984 TOP
22 February 20241 HKD = 0.3003 TOP
23 February 20241 HKD = 0.3000 TOP
24 February 20241 HKD = 0.3000 TOP
25 February 20241 HKD = 0.3000 TOP
26 February 20241 HKD = 0.3014 TOP
27 February 20241 HKD = 0.3028 TOP
28 February 20241 HKD = 0.2982 TOP
29 February 20241 HKD = 0.3004 TOP

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.

18/05/2005: Removal of Ten Hong Kong Dollars Note

The Hong Kong Monetary Authority announced the removal of the HKD 10 paper note from circulation, encouraging the usage of electronic payment methods and reducing printing costs.

01/07/1997: Hong Kong's Handover to China

Hong Kong was officially handed over to China, marking the end of British colonial rule but maintaining the Hong Kong Dollar as its currency under the 'one country, two systems' principle.

17/10/1991: Linked Exchange Rate System

The Linked Exchange Rate System (LERS) was implemented, establishing a narrow trading range of HKD 7.75 to 7.85 against the U.S. Dollar, backed by stringent measures to maintain stability.

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.

31/12/1983: Joint Declaration on the Future of Hong Kong

The Sino-British Joint Declaration was signed, affirming Hong Kong's return to China in 1997 and ensuring the continuity of the Hong Kong Dollar as its official currency.

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.

22/05/1972: Pegging to the U.S. Dollar

As the British Pound faced pressures in the foreign exchange market, Hong Kong decided to switch the peg to the U.S. Dollar at a rate of HKD 5.65 to USD 1.

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.

12/09/1935: Pegging to the Sterling

The Hong Kong Dollar was pegged to the British Pound (Sterling) at a fixed exchange rate of HKD 16 to GBP 1, which helped stabilize the currency.

01/01/1863: Introduction of the Hong Kong Dollar

The Hong Kong Dollar was first introduced as an official currency by the British colonial government to facilitate trade and commerce in Hong Kong.
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