Historic Tongan paʻanga Eritrean nakfa

Tongan paʻanga eritrean nakfa history for February 2024. The highest quote for this month is 6.487 (20/02/2024) and the lowest 6.5087 (20/02/2024). The difference between high and low is -0.33.

TOP ERN average rate for February 2024 is 6.41634, the change between 01/02/2024 and 29/02/2024 is -0.27 %.

01 February 20241 TOP = 6.38 ERN
02 February 20241 TOP = 6.40 ERN
03 February 20241 TOP = 6.40 ERN
04 February 20241 TOP = 6.40 ERN
05 February 20241 TOP = 6.38 ERN
06 February 20241 TOP = 6.36 ERN
07 February 20241 TOP = 6.34 ERN
08 February 20241 TOP = 6.38 ERN
09 February 20241 TOP = 6.49 ERN
12 February 20241 TOP = 6.44 ERN
13 February 20241 TOP = 6.45 ERN
14 February 20241 TOP = 6.42 ERN
15 February 20241 TOP = 6.42 ERN
16 February 20241 TOP = 6.44 ERN
17 February 20241 TOP = 6.44 ERN
18 February 20241 TOP = 6.44 ERN
19 February 20241 TOP = 6.44 ERN
20 February 20241 TOP = 6.48 ERN
21 February 20241 TOP = 6.46 ERN
22 February 20241 TOP = 6.41 ERN
23 February 20241 TOP = 6.42 ERN
24 February 20241 TOP = 6.42 ERN
25 February 20241 TOP = 6.42 ERN
26 February 20241 TOP = 6.38 ERN
27 February 20241 TOP = 6.36 ERN
28 February 20241 TOP = 6.45 ERN
29 February 20241 TOP = 6.40 ERN

08/04/2020: COVID-19 impact on currency circulation

Due to the COVID-19 pandemic, circulation of nakfa banknotes decreased as people relied more on digital transactions.

01/04/2020: 50th Anniversary of the Paʻanga

Tonga celebrated the 50th anniversary of the introduction of the paʻanga as its national currency.

25/02/2019: Introduction of new nakfa banknotes

Eritrea introduced new banknotes in denominations of 5, 10, 20, 50, and 100 nakfa.

30/10/2018: Currency devaluation

Eritrea devalued the nakfa by 14%, reducing its official exchange rate to 1 USD = 15 ERN.

22/01/2015: Dollarization policy imposed

Eritrea imposed a dollarization policy, making the US dollar the predominant currency for most transactions.

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.

14/11/2005: Currency redenomination

The Eritrean nakfa underwent a redenomination where old nakfa notes were replaced with new nakfa notes in a ratio of 1:1,000.

08/11/1997: Introduction of the Eritrean nakfa

The Eritrean nakfa was introduced as the official currency of Eritrea, replacing the Ethiopian birr.

08/11/1997: Currency exchange rate fixed

The Eritrean nakfa was fixed at an exchange rate of 1 USD = 10 ERN.

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.
TOP ERN January 2024
TOP ERN February 2024
TOP ERN March 2024
TOP ERN April 2024
TOP ERN May 2024
TOP ERN June 2024
TOP ERN July 2024
TOP ERN August 2024
TOP ERN September 2024
TOP ERN October 2024
TOP ERN November 2024
TOP ERN December 2024
TOP ERN January 2025