Historic Tongan paʻanga Moroccan dirham

Tongan paʻanga moroccan dirham history for February 2024. The highest quote for this month is 4.3304 (20/02/2024) and the lowest 4.3019 (17/02/2024). The difference between high and low is 0.66.

TOP MAD average rate for February 2024 is 4.24828, the change between 01/02/2024 and 29/02/2024 is +1.55 %.

01 February 20241 TOP = 4.235 MAD
02 February 20241 TOP = 4.256 MAD
03 February 20241 TOP = 4.270 MAD
04 February 20241 TOP = 4.270 MAD
05 February 20241 TOP = 4.134 MAD
06 February 20241 TOP = 4.122 MAD
07 February 20241 TOP = 4.234 MAD
08 February 20241 TOP = 4.263 MAD
09 February 20241 TOP = 4.326 MAD
12 February 20241 TOP = 4.151 MAD
13 February 20241 TOP = 4.297 MAD
14 February 20241 TOP = 4.289 MAD
15 February 20241 TOP = 4.296 MAD
16 February 20241 TOP = 4.299 MAD
17 February 20241 TOP = 4.302 MAD
18 February 20241 TOP = 4.302 MAD
19 February 20241 TOP = 4.168 MAD
20 February 20241 TOP = 4.204 MAD
21 February 20241 TOP = 4.319 MAD
22 February 20241 TOP = 4.290 MAD
23 February 20241 TOP = 4.284 MAD
24 February 20241 TOP = 4.283 MAD
25 February 20241 TOP = 4.283 MAD
26 February 20241 TOP = 4.121 MAD
27 February 20241 TOP = 4.228 MAD
28 February 20241 TOP = 4.312 MAD
29 February 20241 TOP = 4.169 MAD

15/09/2021: Digitization of the Moroccan dirham

Morocco announced plans to digitize the dirham, introducing a central bank digital currency (CBDC) for financial transactions in the country.

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

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

29/07/2014: Second Devaluation of the Paʻanga

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

02/06/2014: Introduction of the fourth dirham

Another series of Moroccan dirham banknotes was issued, featuring new designs and enhanced security features.

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.

02/07/2005: Dirham's exchange rate floatation

Morocco moved to a floating exchange rate regime, allowing the dirham to fluctuate based on market forces.

01/05/1999: Introduction of the third dirham

A new series of Moroccan dirham banknotes was introduced with enhanced security features.

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.

12/12/1980: Introduction of the second dirham

A new series of Moroccan dirham banknotes was issued to replace the first series.

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.

17/10/1974: Adoption of the dirham as the currency

The Moroccan franc was replaced by the Moroccan dirham (MAD) as the official 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.

26/11/1960: Introduction of the Moroccan franc (FRF)

The Moroccan franc was introduced as the official currency of Morocco.
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