Malaysian ringgit tongan paʻanga exchange rate history (MYR TOP) December 2023

Malaysian ringgit tongan paʻanga history for December 2023. The highest quote for this month is 0.51087 (28/12/2023) and the lowest 0.5035 (24/12/2023). The difference between high and low is 1.44.

MYR TOP average rate for December 2023 is 0.50263, the change between 01/12/2023 and 31/12/2023 is +0.04 %.

01 December 2023	1 MYR = 0.5000 TOP
02 December 2023	1 MYR = 0.4985 TOP
03 December 2023	1 MYR = 0.4985 TOP
04 December 2023	1 MYR = 0.4986 TOP
05 December 2023	1 MYR = 0.5005 TOP
06 December 2023	1 MYR = 0.5013 TOP
07 December 2023	1 MYR = 0.5061 TOP
08 December 2023	1 MYR = 0.5061 TOP
10 December 2023	1 MYR = 0.5023 TOP
11 December 2023	1 MYR = 0.5083 TOP
12 December 2023	1 MYR = 0.5064 TOP
13 December 2023	1 MYR = 0.5040 TOP
14 December 2023	1 MYR = 0.5006 TOP
15 December 2023	1 MYR = 0.5020 TOP
16 December 2023	1 MYR = 0.5022 TOP
17 December 2023	1 MYR = 0.5022 TOP
18 December 2023	1 MYR = 0.5044 TOP
19 December 2023	1 MYR = 0.4963 TOP
20 December 2023	1 MYR = 0.5055 TOP
21 December 2023	1 MYR = 0.4995 TOP
22 December 2023	1 MYR = 0.5009 TOP
23 December 2023	1 MYR = 0.5035 TOP
24 December 2023	1 MYR = 0.5035 TOP
26 December 2023	1 MYR = 0.5005 TOP
27 December 2023	1 MYR = 0.5087 TOP
28 December 2023	1 MYR = 0.5109 TOP
29 December 2023	1 MYR = 0.4998 TOP

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

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

18/03/2020: COVID-19 Pandemic Impact

The COVID-19 pandemic caused a sharp decline in the value of the ringgit, as global markets experienced volatility and economic slowdown.

12/08/2015: Ringgit Depreciation

The Malaysian ringgit experienced a significant depreciation against major currencies due to falling oil prices and global economic uncertainties.

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.

21/07/2005: Removal of Currency Peg

The Malaysian government removed the fixed exchange rate peg to the US dollar, allowing the ringgit to float freely based on market forces.

02/07/1997: Asian Financial Crisis

The Malaysian ringgit was heavily affected by the Asian financial crisis, leading to a currency devaluation and introduction of capital controls.

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.

12/06/1985: Currency Pegged to the US Dollar

The Malaysian ringgit was pegged to the US dollar at a fixed exchange rate of RM2.50 per USD to stabilize the economy.

29/08/1975: Change to Malaysian Ringgit

The Malaysian dollar was renamed as the Malaysian ringgit, with the currency symbol RM, to reflect the country's independence and identity.

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.

12/06/1967: Introduction of the Malaysian Dollar

The Malaysian dollar was introduced as the official currency of Malaysia, replacing the Malaya and British Borneo dollar.

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.

Historic Malaysian ringgit Tongan paʻanga