Historic Tongan paʻanga Burmese kyat

Tongan paʻanga burmese kyat history for November 2023. The highest quote for this month is 890.51 (26/11/2023) and the lowest 930.83 (07/11/2023). The difference between high and low is -4.53.

TOP MMK average rate for November 2023 is 884.51875, the change between 01/11/2023 and 30/11/2023 is -1.91 %.

01 November 20231 TOP = 873.2 MMK
06 November 20231 TOP = 923.9 MMK
07 November 20231 TOP = 931.7 MMK
08 November 20231 TOP = 874.8 MMK
09 November 20231 TOP = 881.0 MMK
10 November 20231 TOP = 880.2 MMK
12 November 20231 TOP = 886.3 MMK
13 November 20231 TOP = 875.1 MMK
14 November 20231 TOP = 879.4 MMK
15 November 20231 TOP = 884.0 MMK
16 November 20231 TOP = 880.3 MMK
17 November 20231 TOP = 877.0 MMK
18 November 20231 TOP = 882.3 MMK
19 November 20231 TOP = 882.3 MMK
20 November 20231 TOP = 870.1 MMK
21 November 20231 TOP = 875.2 MMK
22 November 20231 TOP = 870.9 MMK
23 November 20231 TOP = 870.8 MMK
24 November 20231 TOP = 885.2 MMK
26 November 20231 TOP = 890.5 MMK
27 November 20231 TOP = 883.6 MMK
28 November 20231 TOP = 890.6 MMK
29 November 20231 TOP = 889.9 MMK
30 November 20231 TOP = 889.9 MMK

22/02/2021: Kyat's Depreciation Challenges

The Burmese kyat faced significant depreciation and instability due to political turmoil and the military coup in Myanmar.

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

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

23/04/2015: Foreign Exchange Market Liberalization

Restrictions on foreign exchange were lifted, allowing a more liberalized foreign exchange market in Myanmar.

29/07/2014: Second Devaluation of the Paʻanga

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

02/04/2012: Managed Float Regime Implemented

The Burmese government adopted a managed float exchange rate regime, allowing the kyat to fluctuate based on market forces.

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.

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.

01/04/1990: Foreign Exchange Certificates Introduced

Foreign Exchange Certificates (FECs) were introduced as a parallel currency to stabilize the economy and control the black market.

01/09/1987: Second Kyat Revalued

Due to hyperinflation, the Burmese kyat was again revalued, with 1 kyat replacing 10 new kyats.

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.

01/12/1964: Kyat Revalued

The Burmese kyat underwent a major revaluation, with 1 new kyat replacing 100 old kyats to combat inflation.

01/07/1952: Kyat Introduced

The Burmese kyat was first introduced as the official currency of Burma, replacing the Indian rupee at an exchange rate of 1 kyat = 1 rupee.
TOP MMK August 2023
TOP MMK September 2023
TOP MMK October 2023
TOP MMK November 2023
TOP MMK December 2023
TOP MMK January 2024
TOP MMK February 2024
TOP MMK March 2024
TOP MMK April 2024
TOP MMK May 2024
TOP MMK June 2024
TOP MMK July 2024
TOP MMK August 2024