Historic Tongan paʻanga Cayman Islands dollar

Tongan paʻanga cayman islands dollar history for January 2024. The highest quote for this month is 0.35543 (01/01/2024) and the lowest 0.35524 (01/01/2024). The difference between high and low is 0.05.

TOP KYD average rate for January 2024 is 0.34959, the change between 01/01/2024 and 31/01/2024 is +2.3 %.

01 January 20241 TOP = 0.3549 KYD
02 January 20241 TOP = 0.3552 KYD
03 January 20241 TOP = 0.3528 KYD
04 January 20241 TOP = 0.3519 KYD
05 January 20241 TOP = 0.3515 KYD
06 January 20241 TOP = 0.3536 KYD
07 January 20241 TOP = 0.3524 KYD
08 January 20241 TOP = 0.3498 KYD
09 January 20241 TOP = 0.3481 KYD
10 January 20241 TOP = 0.3465 KYD
11 January 20241 TOP = 0.3458 KYD
12 January 20241 TOP = 0.3513 KYD
14 January 20241 TOP = 0.3533 KYD
15 January 20241 TOP = 0.3491 KYD
16 January 20241 TOP = 0.3506 KYD
17 January 20241 TOP = 0.3498 KYD
18 January 20241 TOP = 0.3470 KYD
19 January 20241 TOP = 0.3463 KYD
22 January 20241 TOP = 0.3488 KYD
23 January 20241 TOP = 0.3484 KYD
24 January 20241 TOP = 0.3482 KYD
25 January 20241 TOP = 0.3481 KYD
26 January 20241 TOP = 0.3472 KYD
28 January 20241 TOP = 0.3492 KYD
29 January 20241 TOP = 0.3474 KYD
30 January 20241 TOP = 0.3452 KYD
31 January 20241 TOP = 0.3467 KYD

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.

01/01/2010: Removal of 1 cent coin from circulation

Due to its low purchasing power and production costs, the 1 cent coin was withdrawn from circulation in the Cayman Islands.

14/03/2008: Currency Redenomination

Tonga redenominated its currency, removing three zeros from the paʻanga to simplify monetary transactions.

01/11/2007: Transition from Crown Dependencies to Overseas Countries and Territories

The Cayman Islands, including its currency, transitioned from being labeled as a Crown Dependency to an Overseas Country and Territory.

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.

01/01/2001: Issuance of New Banknotes and Coins

New banknotes and coins with enhanced security features were introduced to combat counterfeiting.

01/01/1999: Introduction of Cayman Islands Currency Law

The Cayman Islands Currency Law was enacted to provide a legal framework for the issuance and regulation of the currency.

01/07/1997: Pegging of the Cayman Islands Dollar to the US Dollar

The Cayman Islands dollar was pegged to the US dollar at a fixed exchange rate of KYD 1.00 = USD 1.20.

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.

07/11/1974: Creation of the Cayman Islands Monetary Authority

The Cayman Islands Monetary Authority was established as the central bank responsible for regulating the currency and financial institutions.

01/01/1972: Introduction of Cayman Islands Dollar

The Cayman Islands dollar was first introduced as the official currency, replacing the Jamaican dollar.

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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