Exchange Rates


The official rates are derived from the Reserve Bank calculation of the Pa’anga/U.S. dollar exchange rate (based on a trade-weighted basket system). The Reserve Bank quotes daily buying and selling rates for the US dollars against the pa’anga. These rates generally form the basis of the commercial banks publicly quoted foreign exchange dealing rates.

End-of-period midpoint rates and period average (monthly for the previous 12 months and annual for the previous 5 years) for 7 currencies (U.S. dollar, Pound Sterling, Australian dollar, New Zealand dollar, Japanese Yen, Fijian dollars and the EURO)  are published.

The composition of the baskets for the trade weighted exchange rate index and and the weights of the currencies are reviewed at least once a year. 
Data are compiled and are available daily and disseminated quarterly. Published are mid-point official rates at the end of the month for 7 major trading currencies. The quarterly bulletin also published end of period average and an end of period average exchange rates.


 

The data in this table is reproduced from the Reserve Bank of Tonga Quarterly Bulletin.  For quarterly money and banking statistics please go to www.reservebank.to for detail information.


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Selected foreign exchange rates, units per pa'anga


2006-072007-082008-092009-102010-11
At 30 June
Australian dollar
0.6037 0.5585 0.6073 0.5974 0.5517
New Zealand dollar
0.6643 0.7062 0.7529 0.7325 0.7125
United States dollar
0.5131 0.5407 0.4967 0.5123 0.5912
Japanese yen
63.1400 57.3603 47.6169 45.3102 47.7699
United Kingdom pounds sterling
0.2561 0.2707 0.2994 0.3400 0.3691
European Union euro
0.3815 0.3430 0.3525 0.4206 0.4109
Fijian dollar 0.7805 0.7831 0.9778 0.9830 0.9866

Period average for year ended 30 June  
Australian dollar
0.6308 0.5837 0.6429 0.5817 0.5481
New Zealand dollar
0.7239 0.6812 0.7888 0.7296 0.7137
United States dollar
0.4986 0.5266 0.4803 0.5176 0.5452
Japenese yen
59.0667 57.9050 47.4534 47.3158 45.2699
Unbited Kingdom pounds sterling
0.2576 0.2626 0.3000 0.3276 0.3434
European Union euro 0.3814 0.3584 0.3502 0.3731 0.4008
Fijian dollar 0.8053 0.7807 0.8340 0.9769 0.9603

Source: National Reserve Bank of Tonga Quarterly Bulletin

na - not available

Contact Organization: mail  National Reserve bank (NRBT).