Historic Tongan paʻanga Icelandic Krona

Tongan paʻanga icelandic krona history for January 2024. The highest quote for this month is 59.558 (02/01/2024) and the lowest 59.573 (03/01/2024). The difference between high and low is -0.03.

TOP ISK average rate for January 2024 is 58.53057, the change between 01/01/2024 and 31/01/2024 is +1.5 %.

01 January 20241 TOP = 58.96 ISK
02 January 20241 TOP = 58.94 ISK
03 January 20241 TOP = 59.45 ISK
04 January 20241 TOP = 59.48 ISK
05 January 20241 TOP = 59.16 ISK
08 January 20241 TOP = 59.17 ISK
09 January 20241 TOP = 58.68 ISK
10 January 20241 TOP = 58.34 ISK
11 January 20241 TOP = 57.82 ISK
12 January 20241 TOP = 58.77 ISK
15 January 20241 TOP = 58.50 ISK
16 January 20241 TOP = 58.58 ISK
17 January 20241 TOP = 58.70 ISK
18 January 20241 TOP = 58.35 ISK
19 January 20241 TOP = 58.26 ISK
22 January 20241 TOP = 58.39 ISK
23 January 20241 TOP = 58.26 ISK
24 January 20241 TOP = 58.25 ISK
25 January 20241 TOP = 57.93 ISK
26 January 20241 TOP = 58.02 ISK
29 January 20241 TOP = 58.14 ISK
30 January 20241 TOP = 57.97 ISK
31 January 20241 TOP = 58.08 ISK

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

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

15/11/2018: New Currency Notes Introduced

Iceland released updated banknotes and coins featuring improved security measures and new designs, modernizing the Krona's physical appearance.

15/03/2015: Capital Controls Lifted

Iceland lifted its capital controls, implemented after the financial crisis, allowing for more flexible foreign exchange transactions.

29/07/2014: Second Devaluation of the Paʻanga

Another devaluation occurred, this time by 20%, as part of Tonga's economic reform program.

14/11/2010: IMF Loan Approved

Iceland secured a $2.1 billion loan from the International Monetary Fund, stabilizing the Krona and aiding economic recovery.

06/10/2008: Financial Crisis Begins

The collapse of Icelandic banks and subsequent financial crisis severely devalued the Krona, leading to economic turmoil.

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.

05/03/1981: Stock Exchange Established

The Icelandic Stock Exchange was founded, promoting economic growth and affecting the Krona's value.

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.

10/05/1940: Occupation of Iceland

Following the German occupation of Denmark, Iceland became occupied by British forces, impacting the currency's stability.

01/01/1922: Currency Board Established

The Icelandic Krona was introduced under the Danish Krone pegged to 1 Krone = 100 aurar.
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TOP ISK January 2025