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

Malaysian ringgit tongan paʻanga history for October 2023. The highest quote for this month is 0.50663 (31/10/2023) and the lowest 0.50331 (04/10/2023). The difference between high and low is 0.66.

MYR TOP average rate for October 2023 is 0.50085, the change between 01/10/2023 and 31/10/2023 is -0.91 %.

01 October 2023	1 MYR = 0.5026 TOP
03 October 2023	1 MYR = 0.5039 TOP
04 October 2023	1 MYR = 0.5031 TOP
06 October 2023	1 MYR = 0.5029 TOP
07 October 2023	1 MYR = 0.5045 TOP
09 October 2023	1 MYR = 0.5026 TOP
10 October 2023	1 MYR = 0.4991 TOP
11 October 2023	1 MYR = 0.4980 TOP
13 October 2023	1 MYR = 0.5025 TOP
16 October 2023	1 MYR = 0.5014 TOP
17 October 2023	1 MYR = 0.5000 TOP
18 October 2023	1 MYR = 0.5015 TOP
19 October 2023	1 MYR = 0.5015 TOP
20 October 2023	1 MYR = 0.4982 TOP
21 October 2023	1 MYR = 0.4980 TOP
22 October 2023	1 MYR = 0.4996 TOP
23 October 2023	1 MYR = 0.4992 TOP
24 October 2023	1 MYR = 0.4956 TOP
25 October 2023	1 MYR = 0.4974 TOP
26 October 2023	1 MYR = 0.5021 TOP
27 October 2023	1 MYR = 0.5004 TOP
28 October 2023	1 MYR = 0.5012 TOP
29 October 2023	1 MYR = 0.5012 TOP
30 October 2023	1 MYR = 0.4979 TOP
31 October 2023	1 MYR = 0.5072 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