Historic Tongan paʻanga Arab Emirates Dirham

Tongan paʻanga arab emirates dirham history for January 2024. The highest quote for this month is 1.5955 (01/01/2024) and the lowest 1.5953 (01/01/2024). The difference between high and low is 0.01.

TOP AED average rate for January 2024 is 1.57367, the change between 01/01/2024 and 31/01/2024 is +2.06 %.

01 January 20241 TOP = 1.596 AED
02 January 20241 TOP = 1.595 AED
03 January 20241 TOP = 1.589 AED
04 January 20241 TOP = 1.587 AED
05 January 20241 TOP = 1.584 AED
06 January 20241 TOP = 1.584 AED
07 January 20241 TOP = 1.578 AED
08 January 20241 TOP = 1.580 AED
09 January 20241 TOP = 1.569 AED
10 January 20241 TOP = 1.562 AED
11 January 20241 TOP = 1.558 AED
12 January 20241 TOP = 1.582 AED
14 January 20241 TOP = 1.582 AED
15 January 20241 TOP = 1.575 AED
16 January 20241 TOP = 1.581 AED
17 January 20241 TOP = 1.574 AED
18 January 20241 TOP = 1.563 AED
19 January 20241 TOP = 1.560 AED
22 January 20241 TOP = 1.573 AED
23 January 20241 TOP = 1.570 AED
24 January 20241 TOP = 1.570 AED
25 January 20241 TOP = 1.569 AED
26 January 20241 TOP = 1.564 AED
28 January 20241 TOP = 1.564 AED
29 January 20241 TOP = 1.564 AED
30 January 20241 TOP = 1.556 AED
31 January 20241 TOP = 1.563 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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