Historic Tongan paʻanga Swiss franc

Tongan paʻanga swiss franc history for January 2024. The highest quote for this month is 0.37141 (17/01/2024) and the lowest 0.37109 (22/01/2024). The difference between high and low is 0.09.

TOP CHF average rate for January 2024 is 0.36714, the change between 01/01/2024 and 31/01/2024 is -0.4 %.

01 January 20241 TOP = 0.3653 CHF
02 January 20241 TOP = 0.3657 CHF
03 January 20241 TOP = 0.3678 CHF
04 January 20241 TOP = 0.3669 CHF
05 January 20241 TOP = 0.3666 CHF
08 January 20241 TOP = 0.3661 CHF
09 January 20241 TOP = 0.3623 CHF
10 January 20241 TOP = 0.3625 CHF
11 January 20241 TOP = 0.3608 CHF
12 January 20241 TOP = 0.3667 CHF
14 January 20241 TOP = 0.3666 CHF
15 January 20241 TOP = 0.3660 CHF
16 January 20241 TOP = 0.3686 CHF
17 January 20241 TOP = 0.3692 CHF
18 January 20241 TOP = 0.3680 CHF
19 January 20241 TOP = 0.3688 CHF
22 January 20241 TOP = 0.3719 CHF
23 January 20241 TOP = 0.3717 CHF
24 January 20241 TOP = 0.3717 CHF
25 January 20241 TOP = 0.3686 CHF
26 January 20241 TOP = 0.3692 CHF
28 January 20241 TOP = 0.3678 CHF
29 January 20241 TOP = 0.3680 CHF
30 January 20241 TOP = 0.3651 CHF
31 January 20241 TOP = 0.3668 CHF

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

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

15/01/2015: Removal of Minimum Exchange Rate

The Swiss National Bank unexpectedly abandoned the minimum exchange rate, causing the Swiss franc (CHF) to surge in value.

29/07/2014: Second Devaluation of the Paʻanga

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

06/09/2011: Implementation of Minimum Exchange Rate

The Swiss National Bank imposed a minimum exchange rate pegging the Swiss franc (CHF) to the Euro to prevent excessive appreciation.

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.

13/09/1999: Introduction of Euro

Switzerland decided not to join the Eurozone and maintain the Swiss franc (CHF) as its official currency.

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.

08/05/1973: Floatation of Swiss Franc

Switzerland abandoned the fixed exchange rate system, allowing the Swiss franc (CHF) to float freely against other currencies.

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.

01/05/1936: Introduction of Swiss National Bank

The Swiss National Bank was established as the central bank responsible for issuing and managing the Swiss franc (CHF).

24/11/1907: Gold Standard Referendum

Switzerland voted to adopt the gold standard, making the Swiss franc (CHF) fully convertible into gold.

06/06/1850: Currency Act of 1850

The Swiss franc (CHF) was introduced as the official currency of Switzerland.
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