Tongan paʻanga malaysian ringgit exchange rate history (TOP MYR) November 2023

Tongan paʻanga malaysian ringgit history for November 2023. The highest quote for this month is 1.9942 (16/11/2023) and the lowest 2.0756 (07/11/2023). The difference between high and low is -4.08.

TOP MYR average rate for November 2023 is 1.99082, the change between 01/11/2023 and 30/11/2023 is +0.03 %.

01 November 2023	1 TOP = 1.999 MYR
06 November 2023	1 TOP = 2.117 MYR
07 November 2023	1 TOP = 2.076 MYR
08 November 2023	1 TOP = 1.951 MYR
09 November 2023	1 TOP = 1.982 MYR
10 November 2023	1 TOP = 1.986 MYR
11 November 2023	1 TOP = 1.993 MYR
12 November 2023	1 TOP = 1.992 MYR
13 November 2023	1 TOP = 1.981 MYR
14 November 2023	1 TOP = 1.989 MYR
15 November 2023	1 TOP = 2.006 MYR
16 November 2023	1 TOP = 1.975 MYR
17 November 2023	1 TOP = 1.968 MYR
18 November 2023	1 TOP = 1.972 MYR
19 November 2023	1 TOP = 1.972 MYR
20 November 2023	1 TOP = 1.963 MYR
21 November 2023	1 TOP = 1.963 MYR
22 November 2023	1 TOP = 1.948 MYR
23 November 2023	1 TOP = 1.959 MYR
24 November 2023	1 TOP = 1.989 MYR
26 November 2023	1 TOP = 1.992 MYR
27 November 2023	1 TOP = 1.996 MYR
28 November 2023	1 TOP = 2.005 MYR
29 November 2023	1 TOP = 2.000 MYR
30 November 2023	1 TOP = 1.999 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.

Historic Tongan paʻanga Malaysian ringgit