Historic Tongan paʻanga Mongolian Tugrik

Tongan paʻanga mongolian tugrik history for February 2024. The highest quote for this month is 1460.18 (20/02/2024) and the lowest 1465.46 (20/02/2024). The difference between high and low is -0.36.

TOP MNT average rate for February 2024 is 1445.18, the change between 01/02/2024 and 29/02/2024 is +0.13 %.

01 February 20241 TOP = 1440.03 MNT
02 February 20241 TOP = 1446.73 MNT
03 February 20241 TOP = 1446.73 MNT
04 February 20241 TOP = 1446.73 MNT
05 February 20241 TOP = 1439.63 MNT
06 February 20241 TOP = 1435.36 MNT
07 February 20241 TOP = 1428.41 MNT
08 February 20241 TOP = 1439.06 MNT
09 February 20241 TOP = 1462.46 MNT
12 February 20241 TOP = 1452.61 MNT
13 February 20241 TOP = 1453.55 MNT
14 February 20241 TOP = 1446.35 MNT
15 February 20241 TOP = 1447.17 MNT
16 February 20241 TOP = 1450.32 MNT
17 February 20241 TOP = 1450.32 MNT
18 February 20241 TOP = 1450.32 MNT
19 February 20241 TOP = 1450.32 MNT
20 February 20241 TOP = 1458.65 MNT
21 February 20241 TOP = 1451.72 MNT
22 February 20241 TOP = 1442.02 MNT
23 February 20241 TOP = 1443.05 MNT
24 February 20241 TOP = 1443.05 MNT
25 February 20241 TOP = 1443.05 MNT
26 February 20241 TOP = 1435.68 MNT
27 February 20241 TOP = 1428.40 MNT
28 February 20241 TOP = 1449.96 MNT
29 February 20241 TOP = 1438.18 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.
TOP MNT August 2023
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