Tongan paʻanga pound sterling exchange rate history (TOP GBP) December 2023

Tongan paʻanga pound sterling history for December 2023. The highest quote for this month is 0.34084 (21/12/2023) and the lowest 0.34034 (21/12/2023). The difference between high and low is 0.15.

TOP GBP average rate for December 2023 is 0.33713, the change between 01/12/2023 and 31/12/2023 is -0.36 %.

01 December 2023	1 TOP = 0.3400 GBP
03 December 2023	1 TOP = 0.3377 GBP
04 December 2023	1 TOP = 0.3378 GBP
05 December 2023	1 TOP = 0.3387 GBP
06 December 2023	1 TOP = 0.3397 GBP
07 December 2023	1 TOP = 0.3372 GBP
08 December 2023	1 TOP = 0.3360 GBP
10 December 2023	1 TOP = 0.3403 GBP
11 December 2023	1 TOP = 0.3361 GBP
12 December 2023	1 TOP = 0.3361 GBP
13 December 2023	1 TOP = 0.3371 GBP
14 December 2023	1 TOP = 0.3369 GBP
15 December 2023	1 TOP = 0.3340 GBP
17 December 2023	1 TOP = 0.3364 GBP
18 December 2023	1 TOP = 0.3350 GBP
19 December 2023	1 TOP = 0.3395 GBP
20 December 2023	1 TOP = 0.3319 GBP
21 December 2023	1 TOP = 0.3401 GBP
22 December 2023	1 TOP = 0.3382 GBP
24 December 2023	1 TOP = 0.3379 GBP
26 December 2023	1 TOP = 0.3397 GBP
27 December 2023	1 TOP = 0.3332 GBP
28 December 2023	1 TOP = 0.3305 GBP
29 December 2023	1 TOP = 0.3412 GBP

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

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

23/06/2016: Brexit Referendum

The United Kingdom voted to leave the European Union, causing significant uncertainty and volatility in the pound sterling's value.

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.

31/12/1999: Establishment of the Euro

The euro was introduced as an electronic currency, paving the way for the eventual replacement of some national currencies, including the pound.

16/09/1992: Black Wednesday

The pound sterling experienced a severe drop in value and the UK was forced to withdraw from the European Exchange Rate Mechanism (ERM).

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.

14/02/1971: Decimalization of the Pound

The pound sterling was decimalized, with the old system of pounds, shillings and pence replaced by a decimal 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.

06/12/1921: Currency Separation with Ireland

Following the Anglo-Irish Treaty, Ireland left the United Kingdom and established its own currency, leading to separate pound sterling notes.

21/12/1816: Gold Standard Introduced

The pound sterling was officially placed on the gold standard, meaning it was backed by a fixed amount of gold.

27/07/1694: Bank of England Established

The Bank of England was founded and granted a royal charter, becoming the central bank of England.

Historic Tongan paʻanga Pound sterling