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US dollar to Tongan pa’anga exchange rate
Find the best USD/TOP exchange rate for 21 Apr 2021.
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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
| Apr 11 | Apr 12 | Apr 13 | Apr 14 | Apr 15 | Apr 16 | Apr 17 | Apr 18 | Apr 19 | Apr 20 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 USD = | 2.2850 Inverse: 0.4376 | 2.2863 Inverse: 0.4374 | 2.2871 Inverse: 0.4372 | 2.2829 Inverse: 0.4380 | 2.2829 Inverse: 0.4380 | 2.2669 Inverse: 0.4411 | 2.2669 Inverse: 0.4411 | 2.2669 Inverse: 0.4411 | 2.2694 Inverse: 0.4406 | 2.2679 Inverse: 0.4409 |
US Dollar to the Tongan Pa’anga for the last 10 months
| Jun 2020 | Jul 2020 | Aug 2020 | Sep 2020 | Oct 2020 | Nov 2020 | Dec 2020 | Jan 2021 | Feb 2021 | Mar 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 USD = | 2.2731 Inverse: 0.4399 | 2.2824 Inverse: 0.4381 | 2.2824 Inverse: 0.4381 | 2.2741 Inverse: 0.4397 | 2.3224 Inverse: 0.4306 | 2.2976 Inverse: 0.4352 | 2.2803 Inverse: 0.4385 | 2.2882 Inverse: 0.4370 | 2.2937 Inverse: 0.4360 | 2.2895 Inverse: 0.4368 |
US Dollar to the Tongan Pa’anga for the last 10 years
| Apr 2011 | Apr 2012 | Apr 2013 | Apr 2014 | Apr 2015 | Apr 2016 | Apr 2017 | Apr 2018 | Apr 2019 | Apr 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 USD = | 1.8571 Inverse: 0.5385 | 1.7006 Inverse: 0.5880 | 1.7419 Inverse: 0.5741 | 1.8126 Inverse: 0.5517 | 2.0259 Inverse: 0.4936 | 2.2159 Inverse: 0.4513 | 2.2921 Inverse: 0.4363 | 2.2221 Inverse: 0.4500 | 2.2659 Inverse: 0.4413 | 2.3333 Inverse: 0.4286 |
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 |
Exchange rates from USD to other currencies
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