Historic Tongan paʻanga Arab Emirates Dirham

Tongan paʻanga arab emirates dirham history for February 2024. The highest quote for this month is 1.581 (20/02/2024) and the lowest 1.588 (20/02/2024). The difference between high and low is -0.44.

TOP AED average rate for February 2024 is 1.56444, the change between 01/02/2024 and 29/02/2024 is -0.41 %.

01 February 20241 TOP = 1.555 AED
02 February 20241 TOP = 1.562 AED
03 February 20241 TOP = 1.563 AED
04 February 20241 TOP = 1.562 AED
05 February 20241 TOP = 1.555 AED
06 February 20241 TOP = 1.551 AED
07 February 20241 TOP = 1.544 AED
08 February 20241 TOP = 1.556 AED
09 February 20241 TOP = 1.582 AED
12 February 20241 TOP = 1.571 AED
13 February 20241 TOP = 1.572 AED
14 February 20241 TOP = 1.564 AED
15 February 20241 TOP = 1.567 AED
16 February 20241 TOP = 1.570 AED
17 February 20241 TOP = 1.570 AED
18 February 20241 TOP = 1.570 AED
19 February 20241 TOP = 1.570 AED
20 February 20241 TOP = 1.581 AED
21 February 20241 TOP = 1.574 AED
22 February 20241 TOP = 1.563 AED
23 February 20241 TOP = 1.565 AED
24 February 20241 TOP = 1.565 AED
25 February 20241 TOP = 1.565 AED
26 February 20241 TOP = 1.557 AED
27 February 20241 TOP = 1.550 AED
28 February 20241 TOP = 1.574 AED
29 February 20241 TOP = 1.562 AED

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

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

17/06/2018: Introduction of New Banknotes

A new series of UAE dirham banknotes, featuring enhanced durability, 3D security features, and tactile marks for visually impaired individuals, is introduced.

29/07/2014: Second Devaluation of the Paʻanga

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

14/03/2008: Currency Redenomination

Tonga redenominated its currency, removing three zeros from the paʻanga to simplify monetary transactions.

01/01/2007: Security Enhancements

New security features, including holograms and advanced anti-counterfeiting measures, are added to the UAE dirham banknotes.

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.

01/12/2002: Introduction of Modern Coinage

A new series of UAE dirham coins, featuring modern designs and security features, is introduced.

20/03/1995: Currency Peg to US Dollar

The UAE dirham is pegged to the United States dollar at a fixed exchange rate of 1 USD to 3.6725 AED.

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.

01/01/1978: Currency Issuance Authority

The UAE Currency Issuing Authority is established, granting the authority to issue and manage the UAE dirham.

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.

28/01/1973: Decoupling from Pound Sterling

The UAE dirham is officially decoupled from the British pound sterling and a new exchange rate is set.

02/12/1971: Formation of UAE

The United Arab Emirates is formed, resulting in the introduction of the UAE dirham as its official 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.
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