Historic Tongan paʻanga South African rand

Tongan paʻanga south african rand history for February 2024. The highest quote for this month is 8.2508 (23/02/2024) and the lowest 8.2422 (26/02/2024). The difference between high and low is 0.1.

TOP ZAR average rate for February 2024 is 8.08359, the change between 01/02/2024 and 29/02/2024 is -3.85 %.

01 February 20241 TOP = 7.88 ZAR
02 February 20241 TOP = 7.90 ZAR
03 February 20241 TOP = 8.04 ZAR
04 February 20241 TOP = 8.03 ZAR
05 February 20241 TOP = 8.00 ZAR
06 February 20241 TOP = 8.05 ZAR
07 February 20241 TOP = 7.91 ZAR
08 February 20241 TOP = 8.01 ZAR
09 February 20241 TOP = 8.17 ZAR
12 February 20241 TOP = 8.12 ZAR
13 February 20241 TOP = 8.09 ZAR
14 February 20241 TOP = 8.13 ZAR
15 February 20241 TOP = 8.12 ZAR
16 February 20241 TOP = 8.10 ZAR
17 February 20241 TOP = 8.06 ZAR
18 February 20241 TOP = 8.06 ZAR
19 February 20241 TOP = 8.05 ZAR
20 February 20241 TOP = 8.15 ZAR
21 February 20241 TOP = 8.10 ZAR
22 February 20241 TOP = 8.05 ZAR
23 February 20241 TOP = 8.16 ZAR
24 February 20241 TOP = 8.21 ZAR
25 February 20241 TOP = 8.23 ZAR
26 February 20241 TOP = 8.19 ZAR
27 February 20241 TOP = 8.11 ZAR
28 February 20241 TOP = 8.17 ZAR
29 February 20241 TOP = 8.19 ZAR

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

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

23/03/2020: COVID-19 Pandemic Impact

The rand experienced significant volatility and depreciation as a result of the COVID-19 pandemic, affecting the country's economy and trade balance.

29/07/2014: Second Devaluation of the Paʻanga

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

15/12/2008: Global Financial Crisis Impact

The rand plunged against major currencies due to the global financial crisis and concerns about South Africa's economic stability.

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.

09/11/2001: Rand Weakens to Record Low

The rand weakened to an all-time low against the US dollar, due to global economic uncertainty and domestic political concerns.

01/01/1995: Establishment of Reserve Bank Independence

The South African Reserve Bank gained independence, allowing it to have more control over monetary policy.

27/04/1994: First Democratic Elections

The first democratic elections were held in South Africa, marking the end of apartheid and bringing political stability, positively affecting the rand's value.

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.

01/08/1982: Currency Decimalization

The rand was decimalized, with 1 rand being equal to 100 cents.

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.

14/09/1961: Introduction of the Rand

The South African rand was introduced as the official currency, replacing the South African pound.
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