Historic Tongan paʻanga Malaysian ringgit

Tongan paʻanga malaysian ringgit history for February 2024. The highest quote for this month is 2.0645 (20/02/2024) and the lowest 2.0659 (20/02/2024). The difference between high and low is -0.07.

TOP MYR average rate for February 2024 is 2.029, the change between 01/02/2024 and 29/02/2024 is -1.24 %.

01 February 20241 TOP = 2.002 MYR
02 February 20241 TOP = 2.011 MYR
03 February 20241 TOP = 2.006 MYR
04 February 20241 TOP = 2.006 MYR
05 February 20241 TOP = 1.997 MYR
06 February 20241 TOP = 2.006 MYR
07 February 20241 TOP = 2.003 MYR
08 February 20241 TOP = 2.017 MYR
09 February 20241 TOP = 2.054 MYR
12 February 20241 TOP = 2.038 MYR
13 February 20241 TOP = 2.039 MYR
14 February 20241 TOP = 2.030 MYR
15 February 20241 TOP = 2.041 MYR
16 February 20241 TOP = 2.043 MYR
17 February 20241 TOP = 2.043 MYR
18 February 20241 TOP = 2.043 MYR
19 February 20241 TOP = 2.043 MYR
20 February 20241 TOP = 2.060 MYR
21 February 20241 TOP = 2.055 MYR
22 February 20241 TOP = 2.040 MYR
23 February 20241 TOP = 2.034 MYR
24 February 20241 TOP = 2.034 MYR
25 February 20241 TOP = 2.034 MYR
26 February 20241 TOP = 2.024 MYR
27 February 20241 TOP = 2.015 MYR
28 February 20241 TOP = 2.040 MYR
29 February 20241 TOP = 2.027 MYR

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

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

18/03/2020: COVID-19 Pandemic Impact

The COVID-19 pandemic caused a sharp decline in the value of the ringgit, as global markets experienced volatility and economic slowdown.

12/08/2015: Ringgit Depreciation

The Malaysian ringgit experienced a significant depreciation against major currencies due to falling oil prices and global economic uncertainties.

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.

21/07/2005: Removal of Currency Peg

The Malaysian government removed the fixed exchange rate peg to the US dollar, allowing the ringgit to float freely based on market forces.

02/07/1997: Asian Financial Crisis

The Malaysian ringgit was heavily affected by the Asian financial crisis, leading to a currency devaluation and introduction of capital controls.

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.

12/06/1985: Currency Pegged to the US Dollar

The Malaysian ringgit was pegged to the US dollar at a fixed exchange rate of RM2.50 per USD to stabilize the economy.

29/08/1975: Change to Malaysian Ringgit

The Malaysian dollar was renamed as the Malaysian ringgit, with the currency symbol RM, to reflect the country's independence and identity.

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.

12/06/1967: Introduction of the Malaysian Dollar

The Malaysian dollar was introduced as the official currency of Malaysia, replacing the Malaya and British Borneo dollar.

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.
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