Nigerian Naira tongan paʻanga exchange rate history (NGN TOP) December 2023

Nigerian Naira tongan paʻanga history for December 2023. The highest quote for this month is 0.002998 (11/12/2023) and the lowest 0.002971 (16/12/2023). The difference between high and low is 0.9.

NGN TOP average rate for December 2023 is 0.00286, the change between 01/12/2023 and 31/12/2023 is +12.93 %.

01 December 2023	1 NGN = 0.0029 TOP
02 December 2023	1 NGN = 0.0030 TOP
03 December 2023	1 NGN = 0.0030 TOP
04 December 2023	1 NGN = 0.0030 TOP
05 December 2023	1 NGN = 0.0029 TOP
06 December 2023	1 NGN = 0.0029 TOP
07 December 2023	1 NGN = 0.0029 TOP
08 December 2023	1 NGN = 0.0030 TOP
10 December 2023	1 NGN = 0.0030 TOP
11 December 2023	1 NGN = 0.0030 TOP
12 December 2023	1 NGN = 0.0030 TOP
13 December 2023	1 NGN = 0.0029 TOP
14 December 2023	1 NGN = 0.0029 TOP
15 December 2023	1 NGN = 0.0030 TOP
16 December 2023	1 NGN = 0.0030 TOP
17 December 2023	1 NGN = 0.0030 TOP
18 December 2023	1 NGN = 0.0029 TOP
19 December 2023	1 NGN = 0.0030 TOP
20 December 2023	1 NGN = 0.0030 TOP
21 December 2023	1 NGN = 0.0028 TOP
22 December 2023	1 NGN = 0.0028 TOP
23 December 2023	1 NGN = 0.0026 TOP
24 December 2023	1 NGN = 0.0026 TOP
26 December 2023	1 NGN = 0.0026 TOP
27 December 2023	1 NGN = 0.0026 TOP
28 December 2023	1 NGN = 0.0026 TOP
29 December 2023	1 NGN = 0.0026 TOP

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

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

20/03/2020: Impact of COVID-19 Pandemic

The outbreak of the COVID-19 pandemic resulted in a significant decline in oil prices, affecting Nigeria's economy and putting pressure on the Naira's exchange rate.

20/06/2016: Adoption of Flexible Exchange Rate Policy

The Central Bank of Nigeria adopted a flexible exchange rate policy, allowing the Naira to float freely against other currencies based on market forces.

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.

29/05/1999: Transition to Democratic Governance

Nigeria transitioned to democratic governance, leading to economic reforms and stability, positively affecting the value and management of the Naira currency.

12/06/1993: Introduction of the Third Nigerian Naira

The third Nigerian Naira (NGN) was introduced after the country's return to civilian rule following years of military regimes.

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.

31/12/1984: Implementation of the Structural Adjustment Program

The Nigerian government implemented the Structural Adjustment Program, leading to a significant devaluation of the Naira and the adoption of a floating exchange rate.

01/07/1979: Adoption of the Second Nigerian Naira

The second Nigerian Naira (NGN) was introduced following the adoption of a new constitution and the country's transition to civilian rule.

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.

01/07/1973: Introduction of decimal currency

The Nigerian Naira was introduced as the official currency of Nigeria, replacing the pound sterling with a decimal currency 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.

Historic Nigerian Naira Tongan paʻanga