US Dollar to Tongan Pa’anga Exchange Rate
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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 10 | Oct 11 | Oct 12 | Oct 13 | Oct 14 | Oct 15 | Oct 16 | Oct 17 | Oct 18 | Oct 19 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 USD = | 2.3295 Inverse: 0.4293 | 2.3295 Inverse: 0.4293 | 2.3295 Inverse: 0.4293 | 2.3246 Inverse: 0.4302 | 2.3235 Inverse: 0.4304 | 2.3262 Inverse: 0.4299 | 2.3284 Inverse: 0.4295 | 2.3287 Inverse: 0.4294 | 2.3287 Inverse: 0.4294 | 2.3287 Inverse: 0.4294 |
US Dollar to the Tongan Pa’anga for the last 10 months
| Dec 2018 | Jan 2019 | Feb 2019 | Mar 2019 | Apr 2019 | May 2019 | Jun 2019 | Jul 2019 | Aug 2019 | Sep 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 USD = | 2.2556 Inverse: 0.4433 | 2.2944 Inverse: 0.4358 | 2.2582 Inverse: 0.4428 | 2.2572 Inverse: 0.4430 | 2.2956 Inverse: 0.4356 | 2.2989 Inverse: 0.4350 | 2.2903 Inverse: 0.4366 | 2.2751 Inverse: 0.4395 | 2.3165 Inverse: 0.4317 | 2.3262 Inverse: 0.4299 |
US Dollar to the Tongan Pa’anga for the last 10 years
| Oct 2009 | Oct 2010 | Oct 2011 | Oct 2012 | Oct 2013 | Oct 2014 | Oct 2015 | Oct 2016 | Oct 2017 | Oct 2018 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 USD = | 1.8866 Inverse: 0.5301 | 1.8878 Inverse: 0.5297 | 1.7079 Inverse: 0.5855 | 1.7378 Inverse: 0.5755 | 1.8097 Inverse: 0.5526 | 1.9541 Inverse: 0.5117 | 2.2385 Inverse: 0.4467 | 2.2201 Inverse: 0.4504 | 2.2458 Inverse: 0.4453 | 2.3059 Inverse: 0.4337 |
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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