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.

US Dollar

US Dollar

The United States dollar (sign: $; code: USD; also abbreviated US$ and referred to as the dollar, U.S. dollar, or American dollar) is the official currency of the United States and its territories per the United States Constitution since 1792. For most practical purposes, it is divided into 100 smaller cent (¢) units, but is occasionally divided into 1000 mills (₥) for accounting purposes. The circulating paper money consists of Federal Reserve Notes that are denominated in United States dollars (12 U.S.C. § 418). Since the suspension in 1971 of convertibility of paper U.S. currency into any precious metal, the U.S. dollar is, de facto, fiat money. As it is the most used in international transactions, the U.S. dollar is the world's primary reserve currency. Several countries use it as their official currency, and in many others it is the de facto currency. Besides the United States, it is also used as the sole currency in two British Overseas Territories in the Caribbean: the British Virgin Islands and Turks and Caicos Islands. A few countries use the Federal Reserve Notes for paper money, while still minting their own coins, or also accept U.S. dollar coins (such as the Sacagawea or presidential dollar). As of June 27, 2018, there are approximately $1.67 trillion in circulation, of which $1.62 trillion is in Federal Reserve notes (the remaining $50 billion is in the form of coins).

2 Tongan Pa'anga to US Dollar exchange rates chart

2 TOP to USD exchange rates graph
2 TOP to USD 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.

2 TOP to USD exchange rates table

Exchange TOP to USD
2 Tongan Pa'anga = 0.893 US Dollar
4 Tongan Pa'anga = 1.786 US Dollar
10 Tongan Pa'anga = 4.464 US Dollar
20 Tongan Pa'anga = 8.928 US Dollar
Exchange Tongan Pa'anga to US Dollar
2 Tongan Pa'anga to US 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.

2 TOP to USD exchange rates news

Tongan Vessel Undergoes FSHIL Makeover | Fiji Sun
Tongan Vessel Undergoes FSHIL Makeover | Fiji Sun

Captain Viliami Mafi has no regrets in bringing his vessel to Fiji to have it dry docked. Captain Mafi said the decision by his management to bring MV Tongiaki to...

indicative positive
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.

conditional neutral
Tongan valuable mats stolen in home break-in

A break in at a home in Ma’ufanga targeted valuable Tongan mats worth more than $3,000 pa'anga on October 15.

indicative positive
US Dollar Losses Hit Pause after October CPI; Focus Remains on Brexit

The DXY Index is off the lows, and rates markets are continuing to price in December for another rate hike from the Fed.

indicative positive
Pound-to-US-Dollar Exchange Rate: GBP/USD Starts The Week On Soft Footing As Brexit Anxiety Mounts

Brexit speculation failed to prevent the GBP/USD exchange rate sinking at the start of the week

conditional neutral
Pound US dollar exchange rate: GBP retreats as Brexit text faces Cabinet scrutiny

THE pound US dollar exchange rate has fallen as much as 0.5 per cent this morning, slumping from a high of $1.302 to the current rate of $1.295 as Brexit jitters weigh on sentiment.

conditional positive

2 TOP to USD currency converter