South African rand tongan paʻanga exchange rate history (ZAR TOP) December 2023

South African rand tongan paʻanga history for December 2023. The highest quote for this month is 0.12864 (20/12/2023) and the lowest 0.12846 (15/12/2023). The difference between high and low is 0.14.

ZAR TOP average rate for December 2023 is 0.12595, the change between 01/12/2023 and 31/12/2023 is -1.85 %.

01 December 2023	1 ZAR = 0.1236 TOP
02 December 2023	1 ZAR = 0.1250 TOP
03 December 2023	1 ZAR = 0.1250 TOP
04 December 2023	1 ZAR = 0.1253 TOP
05 December 2023	1 ZAR = 0.1243 TOP
06 December 2023	1 ZAR = 0.1233 TOP
07 December 2023	1 ZAR = 0.1246 TOP
08 December 2023	1 ZAR = 0.1257 TOP
10 December 2023	1 ZAR = 0.1234 TOP
11 December 2023	1 ZAR = 0.1254 TOP
12 December 2023	1 ZAR = 0.1243 TOP
13 December 2023	1 ZAR = 0.1247 TOP
14 December 2023	1 ZAR = 0.1261 TOP
15 December 2023	1 ZAR = 0.1280 TOP
16 December 2023	1 ZAR = 0.1278 TOP
17 December 2023	1 ZAR = 0.1278 TOP
18 December 2023	1 ZAR = 0.1288 TOP
19 December 2023	1 ZAR = 0.1253 TOP
20 December 2023	1 ZAR = 0.1292 TOP
21 December 2023	1 ZAR = 0.1274 TOP
22 December 2023	1 ZAR = 0.1283 TOP
23 December 2023	1 ZAR = 0.1264 TOP
24 December 2023	1 ZAR = 0.1264 TOP
26 December 2023	1 ZAR = 0.1256 TOP
27 December 2023	1 ZAR = 0.1265 TOP
28 December 2023	1 ZAR = 0.1288 TOP
29 December 2023	1 ZAR = 0.1240 TOP
30 December 2023	1 ZAR = 0.1259 TOP

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

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

23/03/2020: COVID-19 Pandemic Impact

The rand experienced significant volatility and depreciation as a result of the COVID-19 pandemic, affecting the country's economy and trade balance.

29/07/2014: Second Devaluation of the Paʻanga

Another devaluation occurred, this time by 20%, as part of Tonga's economic reform program.

15/12/2008: Global Financial Crisis Impact

The rand plunged against major currencies due to the global financial crisis and concerns about South Africa's economic stability.

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.

09/11/2001: Rand Weakens to Record Low

The rand weakened to an all-time low against the US dollar, due to global economic uncertainty and domestic political concerns.

01/01/1995: Establishment of Reserve Bank Independence

The South African Reserve Bank gained independence, allowing it to have more control over monetary policy.

27/04/1994: First Democratic Elections

The first democratic elections were held in South Africa, marking the end of apartheid and bringing political stability, positively affecting the rand's value.

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.

01/08/1982: Currency Decimalization

The rand was decimalized, with 1 rand being equal to 100 cents.

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.

14/09/1961: Introduction of the Rand

The South African rand was introduced as the official currency, replacing the South African pound.

Historic South African rand Tongan paʻanga