US Dollar to Tongan Pa’anga Exchange Rate

Live Rate

= T$ 2.3139

Refreshing in: 60s | Sun, Oct 25, 06:02AM GMT

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How can I get the best exchange rate between the US dollar and the Tongan pa’anga?

As a small currency that’s not fully convertible, it might be tough finding places to exchange your US dollars to Tongan pa’anga outside of Tonga. For money transfers to Tonga, using an online money transfer provider is your best option. Transactions with this type of service are quick, with low service fees and good exchange rates for most currencies in the world.

Expect to use cash a lot when you travel in Tonga. ATM’s are found in some locations, while other areas don’t have them at all. Debit and credit cards are generally not accepted, with the exception of at some major hotels — watch out for high fees in this case.

Exchanging USD to TOP in cash is likely your best option when visiting Tonga. Many travelers say that the currency exchange counter located at the international airport offers decent exchange rates, but you can also try one of the banks downtown.

US Dollar

The US dollar is the most traded currency in the world. The world’s unofficial reserve currency, it can be found in most major currency pairs. In forex, it’s an important benchmark and target rate for countries that fix or peg their currencies against its value. It is also used as the standard currency for oil, precious metals and other commodities.
Currency:US Dollar
Currency Symbol:$
Sub unit:cents
Sub unit symbol:c
Bank notes:$1, $5, $10, $20, $50, $100
Coins:1c, 5c, 10c, 25c, 50c

Tongan Pa’anga

The Tongan pa’anga is the official currency of the Polynesian kingdom of Tonga. Tied to the Australian dollar until 1991, it has been pegged to a basket of currencies since and has steadily declined.
Currency:Tongan Pa’anga
Currency Symbol:T$ (sometimes PT)
Sub unit:seniti
Sub unit symbol:¢
Bank notes:T$1, T$2, T$5, T$10, T$20, T$50, T$100
Coins:1¢, 2¢, 5¢, 10¢, 20¢, 50¢, T$1

What affects exchange rates between the US dollar and the Tongan pa’anga?

Rather than being pegged to a single currency, the Tongan pa’anga is pegged to a weighted average of different foreign currencies:

  • Australian dollar
  • New Zealand dollar
  • US dollar
  • Japanese yen

Changes in the exchange rate between any of these currencies will also have an effect on the exchange rate between the Tongan pa’anga and the US dollar.

As a very small economy, the Tongan currency benefits from being pegged to these currencies. If it was free-floating, the Tongan pa’anga would probably be far too volatile, especially for foreign investors. Most of Tonga’s economy consists of subsistence farming and fishing, and because the total value of exports is pretty small, it’s hard to maintain a stable free-floating currency.

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How does the Tongan pa’anga trade against the US dollar historically?

Despite the pegging system in place, the exchange rate between the Tongan pa’anga and the US dollar has been relatively volatile over the past ten years. It’s fluctuated between a high of 1.6 pa’anga per dollar in 2011 and a low of 2.34 pa’anga per dollar in early 2016.

The future of the exchange rate between the pa’anga and the dollar depends on how the other currencies pegged to the pa’anga compare to the dollar. If the US dollar were to weaken against other currencies, the value of the pa’anga would strengthen compared to the US dollar — and vice versa.

US Dollar to the Tongan Pa’anga for the last 10 days

Oct 15 Oct 16 Oct 17 Oct 18 Oct 19 Oct 20 Oct 21 Oct 22 Oct 23 Oct 24
1 USD = 2.3120 Inverse: 0.4325 2.3120 Inverse: 0.4325 2.3120 Inverse: 0.4325 2.3198 Inverse: 0.4311 2.3203 Inverse: 0.4310 2.3217 Inverse: 0.4307 2.3224 Inverse: 0.4306 2.3139 Inverse: 0.4322 2.3139 Inverse: 0.4322 2.3139 Inverse: 0.4322

US Dollar to the Tongan Pa’anga for the last 10 months

Dec 2019 Jan 2020 Feb 2020 Mar 2020 Apr 2020 May 2020 Jun 2020 Jul 2020 Aug 2020 Sep 2020
1 USD = 2.2947 Inverse: 0.4358 2.3021 Inverse: 0.4344 2.3203 Inverse: 0.4310 2.3797 Inverse: 0.4202 2.3241 Inverse: 0.4303 2.3027 Inverse: 0.4343 2.2762 Inverse: 0.4393 2.2689 Inverse: 0.4407 2.2882 Inverse: 0.4370 2.2715 Inverse: 0.4402

US Dollar to the Tongan Pa’anga for the last 10 years

Oct 2010 Oct 2011 Oct 2012 Oct 2013 Oct 2014 Oct 2015 Oct 2016 Oct 2017 Oct 2018 Oct 2019
1 USD = 1.8869 Inverse: 0.5300 1.6979 Inverse: 0.5890 1.7488 Inverse: 0.5718 1.8071 Inverse: 0.5534 1.9686 Inverse: 0.5080 2.2126 Inverse: 0.4520 2.2220 Inverse: 0.4500 2.2625 Inverse: 0.4420 2.3027 Inverse: 0.4343 2.3144 Inverse: 0.4321

Market rate for common transfer amounts USD to TOP

US Dollars (USD) Tongan Pa’anga (TOP)
$1 0
$100 0
$500 0
$1000 0
$1500 0
$2500 0
$5000 0

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