Convert Tongan Paanga to United States Dollar
Please provide values below to convert Tongan Paanga [TOP] to United States Dollar [USD], or Convert United States Dollar to Tongan Paanga.
How to Convert Tongan Paanga to United States Dollar
1 TOP = 2.3844 USD
Example: convert 15 TOP to USD:
15 TOP = 15 × 2.3844 USD = 35.766 USD
Tongan Paanga to United States 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.
United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.