Convert New Taiwan Dollar to Tongan Paanga
Please provide values below to convert New Taiwan Dollar [TWD] to Tongan Paanga [TOP], or Convert Tongan Paanga to New Taiwan Dollar.
How to Convert New Taiwan Dollar to Tongan Paanga
1 TWD = 12.3154672034893 TOP
Example: convert 15 TWD to TOP:
15 TWD = 15 × 12.3154672034893 TOP = 184.73200805234 TOP
New Taiwan Dollar to Tongan Paanga Conversion Table
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New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.
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.