Historic Tongan paʻanga Indian Rupee

Tongan paʻanga indian rupee history for February 2024. The highest quote for this month is 35.743 (20/02/2024) and the lowest 35.848 (20/02/2024). The difference between high and low is -0.29.

TOP INR average rate for February 2024 is 35.34574, the change between 01/02/2024 and 29/02/2024 is -0.23 %.

01 February 20241 TOP = 35.18 INR
02 February 20241 TOP = 35.28 INR
03 February 20241 TOP = 35.28 INR
04 February 20241 TOP = 35.30 INR
05 February 20241 TOP = 35.15 INR
06 February 20241 TOP = 35.11 INR
07 February 20241 TOP = 34.93 INR
08 February 20241 TOP = 35.18 INR
09 February 20241 TOP = 35.75 INR
12 February 20241 TOP = 35.52 INR
13 February 20241 TOP = 35.53 INR
14 February 20241 TOP = 35.40 INR
15 February 20241 TOP = 35.43 INR
16 February 20241 TOP = 35.49 INR
17 February 20241 TOP = 35.48 INR
18 February 20241 TOP = 35.48 INR
19 February 20241 TOP = 35.49 INR
20 February 20241 TOP = 35.74 INR
21 February 20241 TOP = 35.49 INR
22 February 20241 TOP = 35.31 INR
23 February 20241 TOP = 35.31 INR
24 February 20241 TOP = 35.29 INR
25 February 20241 TOP = 35.29 INR
26 February 20241 TOP = 35.15 INR
27 February 20241 TOP = 34.97 INR
28 February 20241 TOP = 35.56 INR
29 February 20241 TOP = 35.26 INR

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

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

24/03/2020: COVID-19 Impact on Indian Rupee

The global COVID-19 pandemic caused significant volatility in the Indian Rupee exchange rate, leading to depreciation against major international currencies.

08/11/2016: Demonetization

The Indian government announced the demonetization of ₹500 and ₹1,000 banknotes, requiring individuals to exchange or deposit their old currency notes at banks.

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.

03/07/2007: Indian Rupee Symbol

The Indian Rupee was given its own unique symbol ₹, representing the integration of the Indian Rupee into the global currency landscape.

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.

21/06/1991: Liberalization of Indian Economy

India initiated economic reforms, including the liberalization of foreign exchange controls. This led to the beginning of the exchange rate regime reforms for the Indian Rupee.

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.

24/06/1957: Decimalization of Indian Rupee

The Indian Rupee was decimalized, dividing it into 100 paise. This change simplified the currency system and introduced a uniform monetary system across the country.

15/08/1947: Indian Independence

India gained independence from British rule, leading to the establishment of the Reserve Bank of India as the central bank and the Indian Rupee as the official currency.

01/01/1862: Introduction of Indian Rupee

Indian Rupee was introduced by the British government as the official currency of British India. It replaced various local and foreign currencies that were in circulation.
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