Historic Tongan paʻanga Pound sterling

Tongan paʻanga pound sterling history for February 2024. The highest quote for this month is 0.34217 (20/02/2024) and the lowest 0.34141 (20/02/2024). The difference between high and low is 0.22.

TOP GBP average rate for February 2024 is 0.33721, the change between 01/02/2024 and 29/02/2024 is -0.53 %.

01 February 20241 TOP = 0.3341 GBP
02 February 20241 TOP = 0.3338 GBP
05 February 20241 TOP = 0.3355 GBP
06 February 20241 TOP = 0.3370 GBP
07 February 20241 TOP = 0.3335 GBP
08 February 20241 TOP = 0.3356 GBP
09 February 20241 TOP = 0.3413 GBP
12 February 20241 TOP = 0.3386 GBP
13 February 20241 TOP = 0.3391 GBP
14 February 20241 TOP = 0.3384 GBP
15 February 20241 TOP = 0.3395 GBP
16 February 20241 TOP = 0.3394 GBP
18 February 20241 TOP = 0.3393 GBP
19 February 20241 TOP = 0.3390 GBP
20 February 20241 TOP = 0.3420 GBP
21 February 20241 TOP = 0.3393 GBP
22 February 20241 TOP = 0.3369 GBP
23 February 20241 TOP = 0.3364 GBP
25 February 20241 TOP = 0.3362 GBP
26 February 20241 TOP = 0.3346 GBP
27 February 20241 TOP = 0.3327 GBP
28 February 20241 TOP = 0.3380 GBP
29 February 20241 TOP = 0.3358 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.
TOP GBP July 2023
TOP GBP August 2023
TOP GBP September 2023
TOP GBP October 2023
TOP GBP November 2023
TOP GBP December 2023
TOP GBP January 2024
TOP GBP February 2024
TOP GBP March 2024
TOP GBP April 2024
TOP GBP May 2024
TOP GBP June 2024
TOP GBP July 2024