Historic Taiwan dollar Tongan paʻanga

Taiwan dollar tongan paʻanga history for February 2024. The highest quote for this month is 0.075765 (07/02/2024) and the lowest 0.075242 (07/02/2024). The difference between high and low is 0.69.

TWD TOP average rate for February 2024 is 0.07477, the change between 01/02/2024 and 29/02/2024 is +1.67 %.

01 February 20241 TWD = 0.0756 TOP
02 February 20241 TWD = 0.0753 TOP
03 February 20241 TWD = 0.0749 TOP
04 February 20241 TWD = 0.0749 TOP
05 February 20241 TWD = 0.0754 TOP
06 February 20241 TWD = 0.0755 TOP
07 February 20241 TWD = 0.0762 TOP
08 February 20241 TWD = 0.0752 TOP
09 February 20241 TWD = 0.0742 TOP
12 February 20241 TWD = 0.0745 TOP
13 February 20241 TWD = 0.0746 TOP
14 February 20241 TWD = 0.0746 TOP
15 February 20241 TWD = 0.0748 TOP
16 February 20241 TWD = 0.0748 TOP
17 February 20241 TWD = 0.0745 TOP
18 February 20241 TWD = 0.0747 TOP
19 February 20241 TWD = 0.0746 TOP
20 February 20241 TWD = 0.0740 TOP
21 February 20241 TWD = 0.0744 TOP
22 February 20241 TWD = 0.0747 TOP
23 February 20241 TWD = 0.0746 TOP
24 February 20241 TWD = 0.0743 TOP
25 February 20241 TWD = 0.0744 TOP
26 February 20241 TWD = 0.0746 TOP
27 February 20241 TWD = 0.0751 TOP
28 February 20241 TWD = 0.0739 TOP
29 February 20241 TWD = 0.0743 TOP

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

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

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.

01/01/2005: New Taiwan dollar banknotes issued

New designs for Taiwan dollar banknotes are issued, featuring innovative security features and updated aesthetics to combat counterfeiting and improve the currency's image.

30/04/1991: Foreign Exchange Control Act revised

Taiwan relaxes its foreign exchange controls, allowing more flexibility in the trading of the Taiwan dollar and promoting financial globalization.

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.

15/07/1987: Lifting of martial law

The martial law, which had been in place in Taiwan since 1949, is lifted, marking a significant milestone towards the democratization and liberalization of the country.

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.

16/12/1971: Taiwan's expulsion from the UN

The United Nations General Assembly recognizes the People's Republic of China as the legitimate representative of China, leading to Taiwan's expulsion from the UN and international isolation.

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.

03/03/1952: TWD pegged to the US Dollar

The Taiwan dollar is pegged to the US Dollar at a fixed exchange rate of 32 TWD to 1 USD, stabilizing its value and promoting economic growth.

10/12/1949: Chinese Civil War ends

The Chinese Communist Party establishes the People's Republic of China on the mainland, leading to the Nationalist government's retreat to Taiwan, taking the Taiwan dollar with them.

25/10/1945: Taiwan is restored to the Republic of China

After the end of World War II, Taiwan is returned to the Republic of China from Japan, and the Taiwan dollar becomes the official currency.