Historic Tongan paʻanga Panamanian Balboa

Tongan paʻanga panamanian balboa history for February 2024. The highest quote for this month is 0.42755 (17/02/2024) and the lowest 0.42755 (17/02/2024). The difference between high and low is 0.

TOP PAB average rate for February 2024 is 0.41843, the change between 01/02/2024 and 29/02/2024 is -0.37 %.

01 February 20241 TOP = 0.4130 PAB
02 February 20241 TOP = 0.4155 PAB
03 February 20241 TOP = 0.4255 PAB
04 February 20241 TOP = 0.4255 PAB
05 February 20241 TOP = 0.4175 PAB
06 February 20241 TOP = 0.4131 PAB
07 February 20241 TOP = 0.4109 PAB
08 February 20241 TOP = 0.4140 PAB
09 February 20241 TOP = 0.4210 PAB
12 February 20241 TOP = 0.4176 PAB
13 February 20241 TOP = 0.4182 PAB
14 February 20241 TOP = 0.4162 PAB
15 February 20241 TOP = 0.4167 PAB
16 February 20241 TOP = 0.4174 PAB
17 February 20241 TOP = 0.4276 PAB
18 February 20241 TOP = 0.4276 PAB
19 February 20241 TOP = 0.4177 PAB
20 February 20241 TOP = 0.4204 PAB
21 February 20241 TOP = 0.4186 PAB
22 February 20241 TOP = 0.4159 PAB
23 February 20241 TOP = 0.4164 PAB
24 February 20241 TOP = 0.4261 PAB
25 February 20241 TOP = 0.4261 PAB
26 February 20241 TOP = 0.4139 PAB
27 February 20241 TOP = 0.4123 PAB
28 February 20241 TOP = 0.4186 PAB
29 February 20241 TOP = 0.4146 PAB

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.

01/01/2011: Replacement of Paper Banknotes with Polymer Banknotes

Panama replaced the paper banknotes with polymer banknotes to enhance durability and security of the Balboa currency.

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.

31/03/1983: Currency Control Law Implemented

Panama implemented a currency control law to regulate the use and circulation of the Balboa and prevent counterfeiting.

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.

15/10/1941: First Issue of Panamanian Balboa Banknotes

The first series of paper banknotes denominated in Balboa were issued by the Panamanian Currency Board.

01/10/1941: Introduction of the Balboa as Legal Tender

The Panamanian government introduced the Balboa as a legal tender, equivalent in value to the US dollar.

01/10/1908: Creation of Panamanian Currency Board

The Panamanian Currency Board was established to issue paper money and stabilize the monetary system.

01/01/1907: Use of US Dollar in Panama

The US dollar became the official currency of Panama due to the presence of American workers during the canal construction.

18/11/1904: Panama Canal Construction Begins

The construction of the Panama Canal started, which would later lead to the need for a national currency.
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