Indian Rupee tongan paʻanga exchange rate history (INR TOP) December 2023

Indian Rupee tongan paʻanga history for December 2023. The highest quote for this month is 0.028435 (20/12/2023) and the lowest 0.028818 (08/12/2023). The difference between high and low is -1.35.

INR TOP average rate for December 2023 is 0.02816, the change between 01/12/2023 and 31/12/2023 is -0.1 %.

01 December 2023	1 INR = 0.0279 TOP
02 December 2023	1 INR = 0.0280 TOP
03 December 2023	1 INR = 0.0280 TOP
04 December 2023	1 INR = 0.0280 TOP
05 December 2023	1 INR = 0.0280 TOP
06 December 2023	1 INR = 0.0281 TOP
07 December 2023	1 INR = 0.0284 TOP
08 December 2023	1 INR = 0.0284 TOP
10 December 2023	1 INR = 0.0281 TOP
11 December 2023	1 INR = 0.0284 TOP
12 December 2023	1 INR = 0.0284 TOP
13 December 2023	1 INR = 0.0283 TOP
14 December 2023	1 INR = 0.0282 TOP
15 December 2023	1 INR = 0.0281 TOP
16 December 2023	1 INR = 0.0283 TOP
17 December 2023	1 INR = 0.0283 TOP
18 December 2023	1 INR = 0.0284 TOP
19 December 2023	1 INR = 0.0280 TOP
20 December 2023	1 INR = 0.0285 TOP
21 December 2023	1 INR = 0.0279 TOP
22 December 2023	1 INR = 0.0280 TOP
23 December 2023	1 INR = 0.0280 TOP
24 December 2023	1 INR = 0.0280 TOP
26 December 2023	1 INR = 0.0279 TOP
27 December 2023	1 INR = 0.0284 TOP
28 December 2023	1 INR = 0.0284 TOP
29 December 2023	1 INR = 0.0280 TOP

01/04/2020: 50th Anniversary of the Paʻanga

Tonga celebrated the 50th anniversary of the introduction of the paʻanga as its national currency.

24/03/2020: COVID-19 Impact on Indian Rupee

The global COVID-19 pandemic caused significant volatility in the Indian Rupee exchange rate, leading to depreciation against major international currencies.

08/11/2016: Demonetization

The Indian government announced the demonetization of ₹500 and ₹1,000 banknotes, requiring individuals to exchange or deposit their old currency notes at banks.

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.

03/07/2007: Indian Rupee Symbol

The Indian Rupee was given its own unique symbol ₹, representing the integration of the Indian Rupee into the global currency landscape.

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.

21/06/1991: Liberalization of Indian Economy

India initiated economic reforms, including the liberalization of foreign exchange controls. This led to the beginning of the exchange rate regime reforms for the Indian Rupee.

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.

24/06/1957: Decimalization of Indian Rupee

The Indian Rupee was decimalized, dividing it into 100 paise. This change simplified the currency system and introduced a uniform monetary system across the country.

15/08/1947: Indian Independence

India gained independence from British rule, leading to the establishment of the Reserve Bank of India as the central bank and the Indian Rupee as the official currency.

01/01/1862: Introduction of Indian Rupee

Indian Rupee was introduced by the British government as the official currency of British India. It replaced various local and foreign currencies that were in circulation.

Historic Indian Rupee Tongan paʻanga