South African rand tongan paʻanga exchange rate history (ZAR TOP) January 2024

South African rand tongan paʻanga history for January 2024. The highest quote for this month is 0.12584 (11/01/2024) and the lowest 0.12632 (02/01/2024). The difference between high and low is -0.38.

ZAR TOP average rate for January 2024 is 0.12458, the change between 01/01/2024 and 31/01/2024 is +0.67 %.

01 January 2024	1 ZAR = 0.1260 TOP
02 January 2024	1 ZAR = 0.1258 TOP
03 January 2024	1 ZAR = 0.1246 TOP
04 January 2024	1 ZAR = 0.1239 TOP
05 January 2024	1 ZAR = 0.1241 TOP
06 January 2024	1 ZAR = 0.1242 TOP
07 January 2024	1 ZAR = 0.1246 TOP
08 January 2024	1 ZAR = 0.1245 TOP
09 January 2024	1 ZAR = 0.1261 TOP
10 January 2024	1 ZAR = 0.1262 TOP
11 January 2024	1 ZAR = 0.1265 TOP
12 January 2024	1 ZAR = 0.1245 TOP
14 January 2024	1 ZAR = 0.1247 TOP
15 January 2024	1 ZAR = 0.1253 TOP
16 January 2024	1 ZAR = 0.1245 TOP
17 January 2024	1 ZAR = 0.1231 TOP
18 January 2024	1 ZAR = 0.1231 TOP
19 January 2024	1 ZAR = 0.1244 TOP
22 January 2024	1 ZAR = 0.1228 TOP
23 January 2024	1 ZAR = 0.1218 TOP
24 January 2024	1 ZAR = 0.1237 TOP
25 January 2024	1 ZAR = 0.1240 TOP
26 January 2024	1 ZAR = 0.1244 TOP
28 January 2024	1 ZAR = 0.1250 TOP
29 January 2024	1 ZAR = 0.1252 TOP
30 January 2024	1 ZAR = 0.1256 TOP
31 January 2024	1 ZAR = 0.1251 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