Convert Tongan Paanga to New Zealand Dollar
Please provide values below to convert Tongan Paanga [TOP] to New Zealand Dollar [NZD], or Convert New Zealand Dollar to Tongan Paanga.
How to Convert Tongan Paanga to New Zealand Dollar
1 TOP = 1.42863990413421 NZD
Example: convert 15 TOP to NZD:
15 TOP = 15 × 1.42863990413421 NZD = 21.4295985620132 NZD
Tongan Paanga to New Zealand Dollar Conversion Table
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Tongan Paanga
The Tongan Paʻanga (TOP) is the official currency of Tonga, used as the primary monetary unit for transactions within the country.
History/Origin
The Paʻanga was introduced in 1967, replacing the Tongan pound at a rate of 1 Paʻanga = 10 shillings, to modernize Tonga's currency system and facilitate easier transactions.
Current Use
Today, the Paʻanga remains the official currency of Tonga, widely used in everyday transactions, banking, and trade within the country.
New Zealand Dollar
The New Zealand Dollar (NZD) is the official currency of New Zealand and its territories, used for everyday transactions and financial exchanges.
History/Origin
Introduced in 1967, replacing the New Zealand Pound, the NZD was initially pegged to the British Pound and later adopted a floating exchange rate system. It has undergone various reforms and is now managed by the Reserve Bank of New Zealand.
Current Use
The NZD is widely used in New Zealand and is also accepted in some Pacific Island nations. It is actively traded in international currency markets and is a key component of the country's economy.