Historic Norwegian krone Tongan paʻanga

Norwegian krone tongan paʻanga history for February 2024. The highest quote for this month is 0.22448 (27/02/2024) and the lowest 0.22468 (02/02/2024). The difference between high and low is -0.09.

NOK TOP average rate for February 2024 is 0.22264, the change between 01/02/2024 and 29/02/2024 is +1.12 %.

01 February 20241 NOK = 0.2246 TOP
02 February 20241 NOK = 0.2254 TOP
03 February 20241 NOK = 0.2215 TOP
05 February 20241 NOK = 0.2224 TOP
06 February 20241 NOK = 0.2215 TOP
07 February 20241 NOK = 0.2246 TOP
08 February 20241 NOK = 0.2230 TOP
09 February 20241 NOK = 0.2187 TOP
12 February 20241 NOK = 0.2219 TOP
13 February 20241 NOK = 0.2225 TOP
14 February 20241 NOK = 0.2200 TOP
15 February 20241 NOK = 0.2216 TOP
16 February 20241 NOK = 0.2223 TOP
19 February 20241 NOK = 0.2229 TOP
20 February 20241 NOK = 0.2215 TOP
21 February 20241 NOK = 0.2226 TOP
22 February 20241 NOK = 0.2242 TOP
23 February 20241 NOK = 0.2236 TOP
26 February 20241 NOK = 0.2239 TOP
27 February 20241 NOK = 0.2257 TOP
28 February 20241 NOK = 0.2217 TOP
29 February 20241 NOK = 0.2220 TOP

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

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

30/10/2016: Withdrawal of the 1000-krone banknote

The Norges Bank phased out the 1000-krone banknote, as part of efforts to combat money laundering and reduce the use of cash in the economy.

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.

01/01/1999: Creation of the euro

Several European countries introduced the euro as a common currency, but Norway chose to maintain the krone, cementing its separate monetary path.

19/11/1992: Norway rejects European Union membership

In a referendum, Norway voted against joining the European Union, reaffirming its independent monetary policy and keeping the krone outside the eurozone.

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.

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.

01/04/1967: Introduction of the Paʻanga

The Tongan paʻanga was introduced as the official currency, replacing the pound at a rate of 1 pound = 2 paʻanga.

22/10/1931: Devaluation of the krone

To counter the effects of the Great Depression, Norway devalued the krone by 14%, aiming to boost exports and stimulate the economy.

01/11/1920: Krone's return to the gold standard

Following the end of World War I, Norway reintroduced the gold standard for the krone, stabilizing its value and restoring confidence in the currency.

02/08/1914: Suspension of krone's gold standard

Due to the outbreak of World War I, Norway suspended the krone's convertibility into gold, allowing for more flexibility in monetary policy during the war.

27/10/1875: The introduction of the krone currency

The krone was established as the official currency of Norway, replacing the previous speciedaler, marking a significant milestone in the country's monetary history.