Tongan Pa'anga

Tongan Pa'anga

The paʻanga is the currency of Tonga. It is controlled by the National Reserve Bank of Tonga (Pangikē Pule Fakafonua ʻo Tonga) in Nukuʻalofa. The paʻanga is not convertible and is pegged to a basket of currencies comprising the Australian, New Zealand, United States dollars and the Japanese yen. The paʻanga is subdivided into 100 seniti. The ISO code is TOP, and the usual abbreviation is T$ (¢ for seniti). In Tonga the paʻanga is often referred to in English as the dollar, the seniti as the cent and the hau as the union. There is also the unit of hau (1 hau = 100 paʻanga), but this is not used in everyday life and can only be found on commemorative coins of higher denominations.

Australian Dollar

Australian Dollar

The Australian dollar (sign: $; code: AUD) is the currency of the Commonwealth of Australia, including its external territories Christmas Island, Cocos (Keeling) Islands, and Norfolk Island, as well as the independent Pacific Island states of Kiribati, Nauru, Tonga, Tuvalu, and Vanuatu. The Australian dollar was legal tender of Papua New Guinea until 1 January 1976, when the Papua New Guinean kina became the sole legal tender. Within Australia, it is almost always abbreviated with the dollar sign ($), with A$ or AU$ sometimes used to distinguish it from other dollar-denominated currencies. It is subdivided into 100 cents. In 2016, the Australian dollar was the fifth most traded currency in the world, accounting for 6.9% of the world's daily share (down from 8.6% in 2013). It trades in the world foreign exchange markets behind the US dollar, the euro, the yen and the pound sterling. The Australian dollar is popular with currency traders, because of the comparatively high interest rates in Australia, the relative freedom of the foreign exchange market from government intervention, the general stability of Australia's economy and political system, and the prevailing view that the Australian dollar offers diversification benefits in a portfolio containing the major world currencies, especially because of its greater exposure to Asian economies and the commodities cycle. The currency is commonly referred to by foreign-exchange traders as the "Aussie dollar".

1 Tongan Pa'anga to Australian Dollar exchange rates chart

1 TOP to AUD exchange rates graph
1 TOP to AUD Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

1 TOP to AUD exchange rates table

Exchange TOP to AUD
1 Tongan Pa'anga = 0.611 Australian Dollar
2 Tongan Pa'anga = 1.223 Australian Dollar
5 Tongan Pa'anga = 3.057 Australian Dollar
10 Tongan Pa'anga = 6.114 Australian Dollar
Exchange Tongan Pa'anga to Australian Dollar
1 Tongan Pa'anga to Australian Dollar Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

Best TOP/AUD rate at Wexchange in Melbourne

1 TOP to AUD exchange rates at Wexchange in Melbourne
1 Tongan Pa'anga = 0.563 Australian Dollar
Wexchange
Wexchange

The WeXchange service is provided by WeXchange Pty Ltd ABN 52 155 326 846, under AFSL 411932 & AR 472473. We have four locations across Australia equipped with state-of-theart automatic cash counters, and an online store to ensure we are meeting your needs wherever you are, twentyfour hours a day and seven days a week. We welcome all enquiries so contact our friendly service team online or pop in-store today. WeXchange is a foreign exchange service provider that is committed to providing...

1 TOP to AUD exchange rates news

In Tonga: Fijians ‘Mistreated’ | Fiji Sun
In Tonga: Fijians ‘Mistreated’ | Fiji Sun

The Ministry for Employment, Productivity and Industrial Relations will look into investigating the alleged ill-treatment of Fijian workers by their local employers in Tonga. Minister for Employment, Productivity and Industrial...

about 2 months conditional neutral
Parliamentary delegation to cheer Mate Ma'a Tonga not confirmed

It will cost around $45,000 pa‘anga for the Tongan Parliament to send a delegation of six people, including the Speaker Lord Fakafanua, “to show Parliament’s unwavering support for Mate Ma’a Tonga” on Saturday. But the Clerk of the House said the figure had yet to be finalised as some MPs who are overseas might join the delegation in Auckland.

2 months conditional neutral
Dollar gains, but outlook suggests weak trend

The dollar rose against the euro on Friday, boosted by technical factors after the single currency hit key resistance levels, even as the greenback's outlook remained bleak amid cautious signals from the Federal Reserve about further rate hikes.

6 days indicative negative
Key indicators from the Australian economy in 2018

There is little doubt that 2018 was a year of ups and downs in many sectors as worldwide volatility attempted to undermine what could otherwise have been a year of gains in certain areas.

17 days conditional neutral
Vital Signs: 35 extraordinary years. What the float of Australian dollar bought us

Floating the dollar 35 years ago was a leap into the unknown. Here's how it has served us well.

about 1 month conditional neutral

1 TOP to AUD currency converter