Foreign Exchange Rates
Foreign Exchange Rates
An exchange rate is a rate at which one currency will be exchanged for another and affects the trade and the movement of money between countries.
Exchange rates are impacted by both domestic currency value and foreign currency value.
Getting a hang of Exchange Rates
The exchange rate between two currencies is commonly determined by the economic activity, market interest rates, gross domestic product, and unemployment rate in each of the countries.
Changes in rates can occur hourly or daily with small changes or in large incremental shifts.
Tonga Pa'anga Foreign Currency
| TT | CURRENCY | NOTE | |||
|---|---|---|---|---|---|
| BUY | BUY-OD/TC | SELL | NAME | BUY | SELL |
| - | - | - | USD | 2.21 | 2.54 |
| 1.5443 | 1.5443 | 1.6170 | AUD | 1.49 | 1.67 |
| 1.4074 | 1.4074 | 1.4780 | NZD | 1.36 | 1.53 |
| - | - | - | GBP | 2.74 | 3.32 |
| 1.0220 | 1.0220 | 1.0820 | FJD | 1.00 | 1.11 |
| - | - | - | SGD | 1.58 | 1.95 |
| - | - | - | EUR | 2.28 | 2.87 |
| - | - | JPY | 1.40 | 1.54 | |
All rates are subject to change without notice.
To convert Tonga Pa’anga into a Foreign Currency “multiply by the rate”
To convert a Foreign Currency in Tonga Pa’anga “divide by the rate”
NB: Certain transactions are subject to a Commission charge and/or stamp duty. The above rates have been calculated using this morning’s opening International Market rates
