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.
TOP ISK July 2023
TOP ISK August 2023
TOP ISK September 2023
TOP ISK October 2023
TOP ISK November 2023
TOP ISK December 2023
TOP ISK January 2024
TOP ISK February 2024
TOP ISK March 2024
TOP ISK April 2024
TOP ISK May 2024
TOP ISK June 2024
TOP ISK July 2024