Tongan paʻanga mongolian tugrik exchange rate history (TOP MNT) December 2023

Tongan paʻanga mongolian tugrik history for December 2023. The highest quote for this month is 1475.02 (29/12/2023) and the lowest 1481.88 (29/12/2023). The difference between high and low is -0.47.

TOP MNT average rate for December 2023 is 1460.74444, the change between 01/12/2023 and 31/12/2023 is -0.54 %.

01 December 2023	1 TOP = 1473.96 MNT
02 December 2023	1 TOP = 1473.96 MNT
03 December 2023	1 TOP = 1473.96 MNT
04 December 2023	1 TOP = 1473.73 MNT
05 December 2023	1 TOP = 1467.79 MNT
06 December 2023	1 TOP = 1467.70 MNT
07 December 2023	1 TOP = 1451.08 MNT
08 December 2023	1 TOP = 1448.97 MNT
10 December 2023	1 TOP = 1463.08 MNT
11 December 2023	1 TOP = 1445.35 MNT
12 December 2023	1 TOP = 1445.35 MNT
13 December 2023	1 TOP = 1450.02 MNT
14 December 2023	1 TOP = 1454.64 MNT
15 December 2023	1 TOP = 1458.40 MNT
16 December 2023	1 TOP = 1458.40 MNT
17 December 2023	1 TOP = 1458.40 MNT
18 December 2023	1 TOP = 1451.55 MNT
19 December 2023	1 TOP = 1467.57 MNT
20 December 2023	1 TOP = 1444.02 MNT
21 December 2023	1 TOP = 1469.35 MNT
22 December 2023	1 TOP = 1466.26 MNT
23 December 2023	1 TOP = 1466.26 MNT
24 December 2023	1 TOP = 1465.33 MNT
26 December 2023	1 TOP = 1473.13 MNT
27 December 2023	1 TOP = 1447.08 MNT
28 December 2023	1 TOP = 1442.88 MNT
29 December 2023	1 TOP = 1481.88 MNT

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

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

01/01/2017: Floating Exchange Rate Regime

Mongolia adopts a fully floating exchange rate regime for the Tugrik, allowing the currency's value to be determined by market forces without intervention from the central bank.

29/07/2014: Second Devaluation of the Paʻanga

Another devaluation occurred, this time by 20%, as part of Tonga's economic reform program.

26/06/2009: Currency Redenomination

Mongolia redenominates its currency, replacing the old Tugrik banknotes with new ones at a ratio of 1 to 1000, in an effort to simplify transactions and reduce inflation.

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.

06/03/1993: Mongolia Joins IMF

Mongolia becomes a member of the International Monetary Fund (IMF), influencing monetary policies and further shaping the development of the Tugrik currency.

01/07/1992: Tugrik Exchange Rate Liberalization

Mongolia liberalizes the exchange rate of the Tugrik, allowing it to fluctuate based on market forces and paving the way for a more flexible currency system.

21/12/1991: Transition to Market Economy

Mongolia undergoes a transition from a centrally planned economy to a market economy, leading to major changes in the Tugrik currency system.

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.

04/07/1946: Mongolian People's Bank Established

The Mongolian People's Bank is established as the central bank of Mongolia, responsible for issuing and managing the Tugrik currency.

01/12/1925: Introduction of the Tugrik Currency

Mongolia officially introduces the Tugrik as its national currency, replacing the previous currency system.

Historic Tongan paʻanga Mongolian Tugrik