Tongan paʻanga canadian dollar exchange rate history (TOP CAD) December 2023

Tongan paʻanga canadian dollar history for December 2023. The highest quote for this month is 0.58096 (05/12/2023) and the lowest 0.58132 (05/12/2023). The difference between high and low is -0.06.

TOP CAD average rate for December 2023 is 0.57324, the change between 01/12/2023 and 31/12/2023 is +1.16 %.

01 December 2023	1 TOP = 0.5822 CAD
02 December 2023	1 TOP = 0.5796 CAD
03 December 2023	1 TOP = 0.5797 CAD
04 December 2023	1 TOP = 0.5793 CAD
05 December 2023	1 TOP = 0.5793 CAD
06 December 2023	1 TOP = 0.5815 CAD
07 December 2023	1 TOP = 0.5755 CAD
08 December 2023	1 TOP = 0.5751 CAD
10 December 2023	1 TOP = 0.5799 CAD
11 December 2023	1 TOP = 0.5730 CAD
12 December 2023	1 TOP = 0.5729 CAD
13 December 2023	1 TOP = 0.5757 CAD
14 December 2023	1 TOP = 0.5745 CAD
15 December 2023	1 TOP = 0.5719 CAD
16 December 2023	1 TOP = 0.5708 CAD
17 December 2023	1 TOP = 0.5699 CAD
18 December 2023	1 TOP = 0.5681 CAD
19 December 2023	1 TOP = 0.5754 CAD
20 December 2023	1 TOP = 0.5634 CAD
21 December 2023	1 TOP = 0.5744 CAD
22 December 2023	1 TOP = 0.5700 CAD
23 December 2023	1 TOP = 0.5694 CAD
24 December 2023	1 TOP = 0.5691 CAD
26 December 2023	1 TOP = 0.5718 CAD
27 December 2023	1 TOP = 0.5596 CAD
28 December 2023	1 TOP = 0.5585 CAD
29 December 2023	1 TOP = 0.5748 CAD
30 December 2023	1 TOP = 0.5755 CAD

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.

07/11/2013: Change in banknote design and security features

The Bank of Canada introduced new polymer banknotes with enhanced security features and redesigned motifs, replacing the paper-based notes in circulation since 1935.

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.

01/04/1991: 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.

15/08/1971: Canada switches to a floating exchange rate

Canada abandoned its fixed exchange rate system and adopted a floating exchange rate, allowing the value of the Canadian dollar to fluctuate in response to market forces.

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.

01/03/1950: Introduction of the Canadian dollar's decimalization

Canada adopted a decimal currency system, dividing the dollar into 100 cents, replacing the previous system based on pounds, shillings, and pence.

01/01/1933: Currency depreciation during the Great Depression

The Canadian dollar experienced significant depreciation during the Great Depression due to economic uncertainty and a decrease in international trade.

02/01/1914: Introduction of the Canadian Dollar Act

The Canadian Dollar Act established the Canadian dollar as the sole currency of Canada and gave the government control over its issuance.

01/01/1858: Introduction of the Canadian dollar

The Canadian pound was replaced by the Canadian dollar as the official currency of Canada, helping to unify the currency across the country.

01/01/1841: Introduction of the Canadian pound

The first Canadian currency was the Canadian pound, which was introduced to replace British pounds in the Province of Canada.

Historic Tongan paʻanga Canadian dollar