Historic Tongan paʻanga Pakistani rupee

Tongan paʻanga pakistani rupee history for December 2023. The highest quote for this month is 122.3 (02/12/2023) and the lowest 122.3 (02/12/2023). The difference between high and low is 0.

TOP PKR average rate for December 2023 is 120.61741, the change between 01/12/2023 and 31/12/2023 is -0.44 %.

01 December 20231 TOP = 121.8 PKR
02 December 20231 TOP = 122.3 PKR
03 December 20231 TOP = 122.3 PKR
04 December 20231 TOP = 120.4 PKR
05 December 20231 TOP = 121.6 PKR
06 December 20231 TOP = 121.6 PKR
07 December 20231 TOP = 119.9 PKR
08 December 20231 TOP = 120.0 PKR
10 December 20231 TOP = 121.2 PKR
11 December 20231 TOP = 119.3 PKR
12 December 20231 TOP = 119.6 PKR
13 December 20231 TOP = 119.6 PKR
14 December 20231 TOP = 120.5 PKR
15 December 20231 TOP = 120.7 PKR
16 December 20231 TOP = 120.8 PKR
17 December 20231 TOP = 120.8 PKR
18 December 20231 TOP = 118.8 PKR
19 December 20231 TOP = 119.5 PKR
20 December 20231 TOP = 119.6 PKR
21 December 20231 TOP = 121.6 PKR
22 December 20231 TOP = 121.3 PKR
23 December 20231 TOP = 121.4 PKR
24 December 20231 TOP = 121.2 PKR
26 December 20231 TOP = 119.9 PKR
27 December 20231 TOP = 119.6 PKR
28 December 20231 TOP = 119.3 PKR
29 December 20231 TOP = 122.3 PKR

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

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

16/07/2019: IMF Bailout Package

Pakistan reached an agreement with the IMF for a three-year, $6 billion bailout package to address its balance of payments crisis, affecting the value of the Pakistani rupee.

29/07/2014: Second Devaluation of the Paʻanga

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

11/12/2013: IMF Loan Program

Pakistan signed a loan agreement with the International Monetary Fund (IMF) to stabilize its economy, resulting in devaluation of the Pakistani rupee.

01/12/2008: Global Financial Crisis

The global financial crisis led to a depreciation of the Pakistani rupee against major international currencies due to economic instability.

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.

28/05/1999: Introduction of State Bank of Pakistan

The State Bank of Pakistan was given full autonomous control over the monetary policy, which had a significant impact on the value of the Pakistani rupee.

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.

16/12/1971: Separation of East Pakistan

Following the separation of East Pakistan and the formation of Bangladesh, the Pakistani rupee underwent a major devaluation.

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.

01/07/1955: Replacement of Indian Rupee

The Pakistani rupee replaced the Indian rupee as the official currency of Pakistan after the two countries separated.

17/08/1947: Independence of Pakistan

The Pakistani rupee was introduced as the official currency of Pakistan after the country gained independence from British rule.
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