Foreign Exchange Rate

Foreign Exchange rates are collected daily from the three Commercial Banks in the Kingdom, the ANZ, MBF and Westpac Bank of Tonga from which selling rates are compiled into monthly, quarterly and annual average rate for converting into currencies of the principal Trading Partners of the Kingdom as shown on Foreign Trade Reports.

Quarterly and Annual Averages
 

Foreign Exchange Rates
Australia
(AUD)		 New Zealand
(NZ)		 United States
(USD)		 Japan
(Yen)		 Europe
(Euro)		 United
Kingdom		 Fiji
(FJD)
Annual Averages
2006 0.6375 0.7442 0.4812 55.8403 0.3774 0.2605 0.8252
2007 0.5820 0.6539 0.4906 58.4489 0.3521 0.2429 0.7764
2008
1st Qtr 0.5742 0.6572 0.5219 55.5342 0.3436 0.2618 0.7789
2nd Qtr 0.5515 0.6709 0.5254 55.2986 0.3290 0.2840 0.7746
3rd Qtr 0.5609 0.7004 0.5063 55.0636 0.3290 0.2639 0.7666
4th Qtr 0.6641 0.7719 0.4523 44.1223 0.3353 0.2820 0.7793
2009
1st Qtr 0.6764 0.8419 0.4543 43.38 0.3481 0.3165 0.7967
2nd Qtr 0.6265 0.7882 0.4804 46.66 0.3526 0.3102 0.9604

Source : Annual Foreign Trade Reports, Statistics Department.

Notes: 1. Rates for selling and buying overseas currency are somewhat different.
           2. Above rates are Tongan rates of the quoted foreign currency.
               To convert  Tongan currency  into foreign currency - multiply by the rate.
           3. On February 11, 1991, Tongan currency (Pa'anga) changed the procedure for fixing
               the daily value from maintaining parity with Australian dollar (A$) to pegging it to
               a specially constructed basket of the currencies of Tonga's main external partners and
               quoting Pa'anga in terms of the US dollar (US$).

For more information from 2000 to the latest statistics see the Key Stats Excel work book.

Contact person: 'Ilaisaane Manuofetoa