Historic Malaysian ringgit Tongan paʻanga

Malaysian ringgit tongan paʻanga history for January 2024. The highest quote for this month is 0.50761 (11/01/2024) and the lowest 0.50162 (02/01/2024). The difference between high and low is 1.18.

MYR TOP average rate for January 2024 is 0.49968, the change between 01/01/2024 and 31/01/2024 is +0.77 %.

01 January 20241 MYR = 0.5012 TOP
02 January 20241 MYR = 0.5013 TOP
03 January 20241 MYR = 0.5023 TOP
04 January 20241 MYR = 0.5029 TOP
05 January 20241 MYR = 0.5005 TOP
06 January 20241 MYR = 0.4984 TOP
07 January 20241 MYR = 0.5009 TOP
08 January 20241 MYR = 0.4995 TOP
09 January 20241 MYR = 0.5034 TOP
10 January 20241 MYR = 0.5067 TOP
11 January 20241 MYR = 0.5079 TOP
12 January 20241 MYR = 0.4998 TOP
14 January 20241 MYR = 0.4997 TOP
15 January 20241 MYR = 0.5021 TOP
16 January 20241 MYR = 0.4976 TOP
17 January 20241 MYR = 0.5024 TOP
18 January 20241 MYR = 0.4982 TOP
19 January 20241 MYR = 0.4992 TOP
22 January 20241 MYR = 0.4955 TOP
23 January 20241 MYR = 0.4950 TOP
24 January 20241 MYR = 0.4952 TOP
25 January 20241 MYR = 0.4953 TOP
26 January 20241 MYR = 0.4966 TOP
28 January 20241 MYR = 0.4970 TOP
29 January 20241 MYR = 0.4970 TOP
30 January 20241 MYR = 0.4986 TOP
31 January 20241 MYR = 0.4973 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.
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