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

Tongan paʻanga mongolian tugrik history for November 2023. The highest quote for this month is 1591.37 (10/11/2023) and the lowest 1543.73 (06/11/2023). The difference between high and low is 2.99.

TOP MNT average rate for November 2023 is 1468.64167, the change between 01/11/2023 and 30/11/2023 is -1.43 %.

01 November 2023	1 TOP = 1448.29 MNT
06 November 2023	1 TOP = 1543.75 MNT
07 November 2023	1 TOP = 1543.43 MNT
08 November 2023	1 TOP = 1450.52 MNT
09 November 2023	1 TOP = 1597.77 MNT
10 November 2023	1 TOP = 1457.58 MNT
12 November 2023	1 TOP = 1457.58 MNT
13 November 2023	1 TOP = 1453.75 MNT
14 November 2023	1 TOP = 1454.42 MNT
15 November 2023	1 TOP = 1463.54 MNT
16 November 2023	1 TOP = 1455.12 MNT
17 November 2023	1 TOP = 1449.76 MNT
18 November 2023	1 TOP = 1449.76 MNT
19 November 2023	1 TOP = 1449.76 MNT
20 November 2023	1 TOP = 1446.00 MNT
21 November 2023	1 TOP = 1447.50 MNT
22 November 2023	1 TOP = 1440.14 MNT
23 November 2023	1 TOP = 1440.14 MNT
24 November 2023	1 TOP = 1461.86 MNT
26 November 2023	1 TOP = 1461.86 MNT
27 November 2023	1 TOP = 1464.70 MNT
28 November 2023	1 TOP = 1470.78 MNT
29 November 2023	1 TOP = 1470.32 MNT
30 November 2023	1 TOP = 1469.07 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