Tongan paʻanga new zealand dollar exchange rate history (TOP NZD) February 2024

Tongan paʻanga new zealand dollar history for February 2024. The highest quote for this month is 0.70324 (13/02/2024) and the lowest 0.70458 (03/02/2024). The difference between high and low is -0.19.

TOP NZD average rate for February 2024 is 0.6952, the change between 01/02/2024 and 29/02/2024 is -0.65 %.

01 February 2024	1 TOP = 0.6930 NZD
02 February 2024	1 TOP = 0.6923 NZD
03 February 2024	1 TOP = 0.7013 NZD
04 February 2024	1 TOP = 0.7009 NZD
05 February 2024	1 TOP = 0.6982 NZD
06 February 2024	1 TOP = 0.6979 NZD
07 February 2024	1 TOP = 0.6893 NZD
08 February 2024	1 TOP = 0.6936 NZD
09 February 2024	1 TOP = 0.7052 NZD
12 February 2024	1 TOP = 0.6960 NZD
13 February 2024	1 TOP = 0.6987 NZD
14 February 2024	1 TOP = 0.7033 NZD
15 February 2024	1 TOP = 0.7005 NZD
16 February 2024	1 TOP = 0.6996 NZD
17 February 2024	1 TOP = 0.6979 NZD
18 February 2024	1 TOP = 0.6976 NZD
19 February 2024	1 TOP = 0.6968 NZD
20 February 2024	1 TOP = 0.7008 NZD
21 February 2024	1 TOP = 0.6946 NZD
22 February 2024	1 TOP = 0.6889 NZD
23 February 2024	1 TOP = 0.6877 NZD
24 February 2024	1 TOP = 0.6875 NZD
25 February 2024	1 TOP = 0.6870 NZD
26 February 2024	1 TOP = 0.6854 NZD
27 February 2024	1 TOP = 0.6844 NZD
28 February 2024	1 TOP = 0.6947 NZD
29 February 2024	1 TOP = 0.6975 NZD

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

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

20/03/2020: COVID-19 Pandemic Effects

The outbreak of the COVID-19 pandemic causes global economic turmoil, leading to volatility in the New Zealand dollar exchange rate and GDP contraction.

29/07/2014: Second Devaluation of the Paʻanga

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

10/10/2008: Global Financial Crisis Hits New Zealand

New Zealand experiences the impact of the global financial crisis, leading to a sharp depreciation of the New Zealand dollar and economic slowdown.

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.

10/07/2005: Polymer Banknotes Introduced

New Zealand introduces polymer banknotes, replacing the traditional paper notes for increased durability and security.

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.

05/10/1987: Black Monday Stock Market Crash

Global stock market crash leads to a significant devaluation of the New Zealand dollar and a deep recession in the country.

04/03/1985: Floating Exchange Rate Introduced

New Zealand dollar is allowed to float freely against other currencies, marking the end of fixed exchange rates.

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.

10/07/1961: Decimalization of Currency

New Zealand adopts the decimal currency system, replacing the pound with the New Zealand dollar. NZ$1 is equivalent to NZ£2.

19/10/1933: New Zealand Pound Pegged to the British Pound

New Zealand pound is pegged to the British pound at a rate of £1 to NZ£0.624275.

Historic Tongan paʻanga New Zealand Dollar