Historic Tongan paʻanga Brazilian Real

Tongan paʻanga brazilian real history for February 2024. The highest quote for this month is 2.1363 (20/02/2024) and the lowest 2.136 (09/02/2024). The difference between high and low is 0.01.

TOP BRL average rate for February 2024 is 2.11355, the change between 01/02/2024 and 29/02/2024 is -0.72 %.

01 February 20241 TOP = 2.097 BRL
02 February 20241 TOP = 2.091 BRL
03 February 20241 TOP = 2.115 BRL
04 February 20241 TOP = 2.115 BRL
05 February 20241 TOP = 2.089 BRL
06 February 20241 TOP = 2.091 BRL
07 February 20241 TOP = 2.086 BRL
08 February 20241 TOP = 2.106 BRL
09 February 20241 TOP = 2.150 BRL
12 February 20241 TOP = 2.119 BRL
13 February 20241 TOP = 2.120 BRL
14 February 20241 TOP = 2.110 BRL
15 February 20241 TOP = 2.120 BRL
16 February 20241 TOP = 2.126 BRL
17 February 20241 TOP = 2.124 BRL
18 February 20241 TOP = 2.124 BRL
19 February 20241 TOP = 2.123 BRL
20 February 20241 TOP = 2.134 BRL
21 February 20241 TOP = 2.111 BRL
22 February 20241 TOP = 2.101 BRL
23 February 20241 TOP = 2.114 BRL
24 February 20241 TOP = 2.128 BRL
25 February 20241 TOP = 2.128 BRL
26 February 20241 TOP = 2.118 BRL
27 February 20241 TOP = 2.101 BRL
28 February 20241 TOP = 2.114 BRL
29 February 20241 TOP = 2.112 BRL

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

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

15/08/2018: Elections and Political Uncertainty

The Real experienced significant volatility leading up to the Presidential elections, responding to political developments and market sentiment.

22/01/2015: Real Hits 10-Year Low

The Real reached its lowest level against the US dollar in a decade, primarily due to a decline in commodity prices and economic concerns.

29/07/2014: Second Devaluation of the Paʻanga

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

15/09/2008: Global Financial Crisis Impact

As a consequence of the global financial crisis, the Brazilian Real faced a sharp depreciation against major currencies due to capital outflows and risk aversion.

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.

27/07/2005: New Currency Symbol

The Central Bank of Brazil announced a public competition to select a new currency symbol, which resulted in the adoption of the official symbol for the Real.

18/06/2002: Exchange Rate Floatation

The Brazilian government allowed the Real to float freely against other currencies, abandoning the controlled exchange rate regime.

15/01/1999: Devaluation of the Real

Due to the Russian financial crisis and the Asian financial crisis, the government devalued the Real by around 8% to boost exports and stimulate the economy.

01/07/1994: Introduction of the Real Plan

The Brazilian real was established as the official currency, replacing the hyperinflation-ridden Cruzeiro Real. It aimed to stabilize the economy and combat inflation.

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.
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