Convert New Zealand Dollar to Tongan Paanga
Please provide values below to convert New Zealand Dollar [NZD] to Tongan Paanga [TOP], or Convert Tongan Paanga to New Zealand Dollar.
How to Convert New Zealand Dollar to Tongan Paanga
1 NZD = 0.699966448582453 TOP
Example: convert 15 NZD to TOP:
15 NZD = 15 × 0.699966448582453 TOP = 10.4994967287368 TOP
New Zealand Dollar to Tongan Paanga Conversion Table
| New Zealand Dollar | Tongan Paanga |
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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.
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.