Historic Tongan paʻanga Malaysian ringgit

Tongan paʻanga malaysian ringgit history for January 2024. The highest quote for this month is 2.0189 (25/01/2024) and the lowest 2.0225 (23/01/2024). The difference between high and low is -0.18.

TOP MYR average rate for January 2024 is 2.00137, the change between 01/01/2024 and 31/01/2024 is -0.78 %.

01 January 20241 TOP = 1.995 MYR
02 January 20241 TOP = 1.995 MYR
03 January 20241 TOP = 1.991 MYR
04 January 20241 TOP = 1.988 MYR
05 January 20241 TOP = 1.998 MYR
06 January 20241 TOP = 2.006 MYR
07 January 20241 TOP = 1.996 MYR
08 January 20241 TOP = 2.002 MYR
09 January 20241 TOP = 1.986 MYR
10 January 20241 TOP = 1.974 MYR
11 January 20241 TOP = 1.969 MYR
12 January 20241 TOP = 2.001 MYR
14 January 20241 TOP = 2.001 MYR
15 January 20241 TOP = 1.992 MYR
16 January 20241 TOP = 2.010 MYR
17 January 20241 TOP = 1.991 MYR
18 January 20241 TOP = 2.007 MYR
19 January 20241 TOP = 2.003 MYR
22 January 20241 TOP = 2.018 MYR
23 January 20241 TOP = 2.020 MYR
24 January 20241 TOP = 2.019 MYR
25 January 20241 TOP = 2.019 MYR
26 January 20241 TOP = 2.014 MYR
28 January 20241 TOP = 2.012 MYR
29 January 20241 TOP = 2.012 MYR
30 January 20241 TOP = 2.006 MYR
31 January 20241 TOP = 2.011 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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