Tongan paʻanga cuban peso exchange rate history (TOP CUP) October 2023

Tongan paʻanga cuban peso history for October 2023. The highest quote for this month is 10.175 (01/10/2023) and the lowest 10.243 (23/10/2023). The difference between high and low is -0.67.

TOP CUP average rate for October 2023 is 10.08436, the change between 01/10/2023 and 31/10/2023 is +2.49 %.

01 October 2023	1 TOP = 10.18 CUP
03 October 2023	1 TOP = 10.10 CUP
04 October 2023	1 TOP = 10.10 CUP
06 October 2023	1 TOP = 10.06 CUP
07 October 2023	1 TOP = 10.10 CUP
09 October 2023	1 TOP = 10.08 CUP
10 October 2023	1 TOP = 10.15 CUP
11 October 2023	1 TOP = 10.19 CUP
13 October 2023	1 TOP = 10.13 CUP
16 October 2023	1 TOP = 10.12 CUP
17 October 2023	1 TOP = 10.13 CUP
18 October 2023	1 TOP = 10.09 CUP
19 October 2023	1 TOP = 10.08 CUP
20 October 2023	1 TOP = 10.10 CUP
21 October 2023	1 TOP = 10.12 CUP
22 October 2023	1 TOP = 10.08 CUP
23 October 2023	1 TOP = 10.06 CUP
24 October 2023	1 TOP = 10.15 CUP
25 October 2023	1 TOP = 10.07 CUP
26 October 2023	1 TOP = 9.99 CUP
27 October 2023	1 TOP = 10.02 CUP
28 October 2023	1 TOP = 10.03 CUP
29 October 2023	1 TOP = 10.03 CUP
30 October 2023	1 TOP = 10.06 CUP
31 October 2023	1 TOP = 9.92 CUP

01/01/2021: End of Monetary Dualism

The Cuban government completed the currency unification process, eliminating the convertible peso (CUC) and establishing a single currency system with the Cuban peso (CUP).

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.

20/12/2013: Currency Unification Implementation

The Cuban government officially started the process of currency unification, gradually phasing out the convertible peso (CUC) and improving monetary policy.

25/10/2011: Currency Unification Announced

The Cuban government announced plans to eliminate the dual currency system and unify the CUP and CUC.

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.

08/12/2004: Elimination of US Dollar Circulation

The Cuban government announced the withdrawal of the US dollar as legal tender and introduced the convertible peso (CUC) as a replacement.

07/12/1994: Dollarization Decree

Cubans were allowed to hold and transact in foreign currencies, primarily the US dollar, to counter the economic crisis.

01/08/1994: Special Period

The Cuban economy faced a severe crisis due to the collapse of the Soviet Union, leading to currency devaluation and economic reforms.

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.

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.

01/01/1961: Nationalization of Banks

The Cuban government nationalized all private and foreign-owned banks, including their currency holdings.

Historic Tongan paʻanga Cuban peso