Convert United States Dollar to Tongan Paanga
Please provide values below to convert United States Dollar [USD] to Tongan Paanga [TOP], or Convert Tongan Paanga to United States Dollar.
How to Convert United States Dollar to Tongan Paanga
1 USD = 0.419392719342392 TOP
Example: convert 15 USD to TOP:
15 USD = 15 × 0.419392719342392 TOP = 6.29089079013588 TOP
United States Dollar to Tongan Paanga Conversion Table
| United States Dollar | Tongan Paanga |
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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.
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.