Historic Qatari Rial Tongan paʻanga

Qatari Rial tongan paʻanga history for January 2024. The highest quote for this month is 0.64957 (23/01/2024) and the lowest 0.64511 (28/01/2024). The difference between high and low is 0.69.

QAR TOP average rate for January 2024 is 0.64124, the change between 01/01/2024 and 31/01/2024 is -2.09 %.

01 January 20241 QAR = 0.6326 TOP
02 January 20241 QAR = 0.6327 TOP
03 January 20241 QAR = 0.6351 TOP
04 January 20241 QAR = 0.6360 TOP
05 January 20241 QAR = 0.6373 TOP
06 January 20241 QAR = 0.6370 TOP
07 January 20241 QAR = 0.6393 TOP
08 January 20241 QAR = 0.6385 TOP
09 January 20241 QAR = 0.6432 TOP
10 January 20241 QAR = 0.6462 TOP
11 January 20241 QAR = 0.6476 TOP
12 January 20241 QAR = 0.6378 TOP
14 January 20241 QAR = 0.6376 TOP
15 January 20241 QAR = 0.6408 TOP
16 January 20241 QAR = 0.6382 TOP
17 January 20241 QAR = 0.6411 TOP
18 January 20241 QAR = 0.6454 TOP
19 January 20241 QAR = 0.6467 TOP
22 January 20241 QAR = 0.6417 TOP
23 January 20241 QAR = 0.6426 TOP
24 January 20241 QAR = 0.6429 TOP
25 January 20241 QAR = 0.6433 TOP
26 January 20241 QAR = 0.6454 TOP
28 January 20241 QAR = 0.6451 TOP
29 January 20241 QAR = 0.6454 TOP
30 January 20241 QAR = 0.6484 TOP
31 January 20241 QAR = 0.6458 TOP

01/01/2021: Launch of a digital currency pilot program

Qatar announced the launch of a pilot program to test the use of a digital currency as part of its efforts to introduce blockchain technology in the financial sector.

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

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

05/06/2017: Qatar diplomatic crisis affects the currency

Following the diplomatic crisis and blockade imposed by neighboring countries, the Qatari rial faced volatility and depreciated against major currencies.

27/05/2015: Qatari rial pegged to a basket of currencies

The Qatari rial's peg was diversified to include a basket of currencies, reducing its dependence on the US dollar.

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.

08/06/2001: Creation of the Qatar Central Bank

The Qatar Central Bank was established to replace the Qatar Currency Board and assume the responsibility of regulating the Qatari rial.

27/07/1997: Qatar Currency Board established

The Qatar Currency Board was established to regulate the issuance and circulation of the Qatari rial and maintain its stability.

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.

27/03/1976: Currency pegged to the US Dollar

The Qatari rial was pegged to the US dollar at a fixed exchange rate of 1 USD = 3.64 QAR to stabilize its value and promote trade.

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.

24/06/1973: Introduction of Qatari Rial

Qatar officially introduced the Qatari rial as its currency, replacing the Gulf rupee at a rate of 1 rial = 1.65 rupees.

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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