Convert Tongan Paanga to Bermudan Dollar
Please provide values below to convert Tongan Paanga [TOP] to Bermudan Dollar [BMD], or Convert Bermudan Dollar to Tongan Paanga.
How to Convert Tongan Paanga to Bermudan Dollar
1 TOP = 2.3844 BMD
Example: convert 15 TOP to BMD:
15 TOP = 15 × 2.3844 BMD = 35.766 BMD
Tongan Paanga to Bermudan Dollar Conversion Table
| Tongan Paanga | Bermudan Dollar |
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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.
Bermudan Dollar
The Bermudan Dollar (BMD) is the official currency of Bermuda, used for all monetary transactions within the territory.
History/Origin
Introduced in 1970, the Bermudan Dollar replaced the Bermudian Pound at par, aligning Bermuda's currency with the US dollar for economic stability and convenience.
Current Use
The Bermudan Dollar is widely accepted in Bermuda, often pegged at par to the US dollar, and is used in everyday transactions, banking, and commerce within the territory.