Japanese Yen tongan paʻanga exchange rate history (JPY TOP) January 2024

Japanese Yen tongan paʻanga history for January 2024. The highest quote for this month is 0.016321 (01/01/2024) and the lowest 0.016329 (01/01/2024). The difference between high and low is -0.05.

JPY TOP average rate for January 2024 is 0.01601, the change between 01/01/2024 and 31/01/2024 is +2.35 %.

01 January 2024	1 JPY = 0.0163 TOP
02 January 2024	1 JPY = 0.0163 TOP
03 January 2024	1 JPY = 0.0163 TOP
04 January 2024	1 JPY = 0.0162 TOP
05 January 2024	1 JPY = 0.0160 TOP
08 January 2024	1 JPY = 0.0161 TOP
09 January 2024	1 JPY = 0.0162 TOP
10 January 2024	1 JPY = 0.0163 TOP
11 January 2024	1 JPY = 0.0162 TOP
12 January 2024	1 JPY = 0.0160 TOP
15 January 2024	1 JPY = 0.0161 TOP
16 January 2024	1 JPY = 0.0159 TOP
17 January 2024	1 JPY = 0.0158 TOP
18 January 2024	1 JPY = 0.0159 TOP
19 January 2024	1 JPY = 0.0159 TOP
22 January 2024	1 JPY = 0.0158 TOP
23 January 2024	1 JPY = 0.0158 TOP
24 January 2024	1 JPY = 0.0158 TOP
25 January 2024	1 JPY = 0.0159 TOP
26 January 2024	1 JPY = 0.0159 TOP
28 January 2024	1 JPY = 0.0159 TOP
29 January 2024	1 JPY = 0.0159 TOP
30 January 2024	1 JPY = 0.0160 TOP
31 January 2024	1 JPY = 0.0159 TOP

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

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

28/07/2016: Bank of Japan announces stimulus package

The Bank of Japan announced an aggressive stimulus package and negative interest rates, causing the Yen to depreciate against major currencies.

29/07/2014: Second Devaluation of the Paʻanga

Another devaluation occurred, this time by 20%, as part of Tonga's economic reform program.

11/03/2011: Great East Japan Earthquake

The Tohoku earthquake and tsunami devastated Japan, leading to a decline in the Yen as reconstruction efforts strained the economy.

15/09/2008: Lehman Brothers bankruptcy

The bankruptcy of Lehman Brothers triggered a global financial crisis, resulting in a surge in the value of the Yen as investors sought safe-haven assets.

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.

20/03/1995: Kobe earthquake

The Great Hanshin earthquake struck Kobe, causing significant damage to the Japanese economy and leading to a decline in the value of the Yen.

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.

22/09/1985: Plaza Accord

Japan, along with major economies, agreed to depreciate the value of the US dollar, leading to the appreciation of the Yen.

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.

01/03/1973: Yen becomes a floating currency

The Yen lost its fixed exchange rate and started floating against major currencies following the collapse of the Bretton Woods system.

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.

15/12/1953: Yen is introduced

The Japanese Yen was first introduced as the official currency of Japan with the enactment of the Bank of Japan Act.

Historic Japanese Yen Tongan paʻanga