Historic Tongan paʻanga Gibraltar pound

Tongan paʻanga gibraltar pound history for January 2024. The highest quote for this month is 0.3431 (02/01/2024) and the lowest 0.3435 (03/01/2024). The difference between high and low is -0.12.

TOP GIP average rate for January 2024 is 0.33715, the change between 01/01/2024 and 31/01/2024 is +1.98 %.

01 January 20241 TOP = 0.3412 GIP
02 January 20241 TOP = 0.3439 GIP
03 January 20241 TOP = 0.3422 GIP
04 January 20241 TOP = 0.3402 GIP
05 January 20241 TOP = 0.3390 GIP
08 January 20241 TOP = 0.3383 GIP
09 January 20241 TOP = 0.3357 GIP
10 January 20241 TOP = 0.3342 GIP
11 January 20241 TOP = 0.3330 GIP
12 January 20241 TOP = 0.3377 GIP
15 January 20241 TOP = 0.3370 GIP
16 January 20241 TOP = 0.3402 GIP
17 January 20241 TOP = 0.3387 GIP
18 January 20241 TOP = 0.3362 GIP
19 January 20241 TOP = 0.3344 GIP
22 January 20241 TOP = 0.3366 GIP
23 January 20241 TOP = 0.3371 GIP
24 January 20241 TOP = 0.3351 GIP
25 January 20241 TOP = 0.3357 GIP
26 January 20241 TOP = 0.3343 GIP
29 January 20241 TOP = 0.3357 GIP
30 January 20241 TOP = 0.3340 GIP
31 January 20241 TOP = 0.3344 GIP

01/10/2022: Transition to digital currency

Gibraltar announced the introduction of a digital currency pegged 1:1 to the Gibraltar pound, making it one of the first jurisdictions to do so.

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

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

15/08/2019: Commencement of polymer £50 issuance

Polymer £50 banknotes were introduced, replacing the older paper £50 notes.

26/06/2018: New £100 banknote issued

A new £100 banknote featuring the image of Sir Joshua Hassan, first Chief Minister of Gibraltar, was issued.

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.

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.

06/11/1988: Introduction of polymer banknotes

Polymer banknotes were introduced in Gibraltar, enhancing durability and counterfeit resilience.

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.

15/02/1971: Currency tied to British pound

The Gibraltar pound became pegged to the British pound at a rate of 1:1, ensuring stability and ease of trade.

23/06/1969: Currency switch to decimalization

Gibraltar switched from the pound shilling pence system to a decimalized currency, with 100 pence equal to 1 pound.

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.

07/03/1927: Introduction of Gibraltar pound

The Gibraltar pound was first introduced as the official currency of Gibraltar, replacing the Spanish peseta.
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