Historic Tongan paʻanga New Zealand Dollar

Tongan paʻanga new zealand dollar history for January 2024. The highest quote for this month is 0.70221 (17/01/2024) and the lowest 0.70011 (23/01/2024). The difference between high and low is 0.3.

TOP NZD average rate for January 2024 is 0.69257, the change between 01/01/2024 and 31/01/2024 is -0.95 %.

01 January 20241 TOP = 0.6875 NZD
02 January 20241 TOP = 0.6878 NZD
03 January 20241 TOP = 0.6923 NZD
04 January 20241 TOP = 0.6913 NZD
05 January 20241 TOP = 0.6921 NZD
06 January 20241 TOP = 0.6908 NZD
07 January 20241 TOP = 0.6874 NZD
08 January 20241 TOP = 0.6887 NZD
09 January 20241 TOP = 0.6834 NZD
10 January 20241 TOP = 0.6817 NZD
11 January 20241 TOP = 0.6810 NZD
12 January 20241 TOP = 0.6902 NZD
14 January 20241 TOP = 0.6897 NZD
15 January 20241 TOP = 0.6880 NZD
16 January 20241 TOP = 0.6955 NZD
17 January 20241 TOP = 0.6980 NZD
18 January 20241 TOP = 0.6964 NZD
19 January 20241 TOP = 0.6942 NZD
22 January 20241 TOP = 0.7000 NZD
23 January 20241 TOP = 0.7041 NZD
24 January 20241 TOP = 0.7004 NZD
25 January 20241 TOP = 0.6993 NZD
26 January 20241 TOP = 0.6971 NZD
28 January 20241 TOP = 0.6987 NZD
29 January 20241 TOP = 0.6989 NZD
30 January 20241 TOP = 0.6909 NZD
31 January 20241 TOP = 0.6940 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.
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