Historic Tongan paʻanga Pound sterling

Tongan paʻanga pound sterling history for January 2024. The highest quote for this month is 0.34361 (02/01/2024) and the lowest 0.34331 (03/01/2024). The difference between high and low is 0.09.

TOP GBP average rate for January 2024 is 0.33715, the change between 01/01/2024 and 31/01/2024 is +1.79 %.

01 January 20241 TOP = 0.3413 GBP
02 January 20241 TOP = 0.3413 GBP
03 January 20241 TOP = 0.3428 GBP
04 January 20241 TOP = 0.3410 GBP
05 January 20241 TOP = 0.3400 GBP
07 January 20241 TOP = 0.3379 GBP
08 January 20241 TOP = 0.3384 GBP
09 January 20241 TOP = 0.3352 GBP
10 January 20241 TOP = 0.3345 GBP
11 January 20241 TOP = 0.3329 GBP
12 January 20241 TOP = 0.3372 GBP
14 January 20241 TOP = 0.3378 GBP
15 January 20241 TOP = 0.3367 GBP
16 January 20241 TOP = 0.3386 GBP
17 January 20241 TOP = 0.3392 GBP
18 January 20241 TOP = 0.3359 GBP
19 January 20241 TOP = 0.3343 GBP
22 January 20241 TOP = 0.3372 GBP
23 January 20241 TOP = 0.3366 GBP
24 January 20241 TOP = 0.3368 GBP
25 January 20241 TOP = 0.3358 GBP
26 January 20241 TOP = 0.3351 GBP
28 January 20241 TOP = 0.3355 GBP
29 January 20241 TOP = 0.3354 GBP
30 January 20241 TOP = 0.3334 GBP
31 January 20241 TOP = 0.3352 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.
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