Tonga's official foreign reserves decreased again in February 2025 by $12.6 million, attributed mainly to offshore investments and higher import payments. The level of foreign reserves stood at $865.4 million at the end of February 2025, sufficient to cover 9.9 months of imports, and remained above the IMF's recommended threshold of 7.5 months. In year-ended terms, the foreign reserves declined also, by $26.0 million.

Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) rose over the month of November 2020 by $8.7 million to $590.2 million and equivalent to 9.9 months of imports. Read more on the Foreign Reserve Statistics for November 2020.

March 2025


The Customs Monthly Exchange Rates are released on the last working day of every month.

  Units of foreign currency per TOP$
Australian Dollar
0.6536
Canadian Dollar 0.5925
Swiss Franc 0.3627
European Euro 0.3816
Fijian Dollar 0.9367
British Pound 0.3187
Japanese Yen 61.4091
New Zealand Dollar 0.7193
Swedish Krona 4.1910
Singapore Dollar 0.5550
United States Dollar 0.4129
Samoan Tala 1.1532
Chinese Yuan 2.9941

Data Files



 

The Authorised Persons' Average Daily Rates are published daily except on weekends, and public and bank holidays are observed.

4 April 2025

  BUY MID SELL
Australian Dollar
0.6720 0.6589 0.6457
European Euro 0.3948 0.3745 0.3543
Fijian Dollar 0.9669 0.9469 0.9268
British Pound 0.3286 0.3153 0.3019
Japanese Yen 61.7796 60.5195 59.2594
New Zealand Dollar 0.7355 0.7194 0.7032
United States Dollar 0.4223 0.4147 0.4070
Samoan Tala 1.2702 1.1504 1.0306
Switzerland Francs 0.3693 0.3543 0.3393
Canada Dollars 0.6018 0.5825 0.5632
Sweden Kronor 4.1791 4.0505 3.9220
Singapore Dollars 0.5797 0.5569 0.5342

Commercial Banks' Exchange Rates, Fees & Charges Comparisons

Download a copy of the comparison pdfIcon 793 KB

The attachment above compares the commercial banks' exchange rates and fees & charges applicable for both inward (receipts) and outward (payments) telegraphic transfers. This should enable the general public to compare products across the banks and assist with informed decision-making.

This comparison is updated daily.


Data Files


The Summary Daily Liquidity Data are released on the first working day of every week, capturing the data from the week before.

Week ending on 28 March 2025

Total Exchange Settlement Account
Date Amount ($)
24 March 2025 336,947,256.52
25 March 2025 343,166,625.86
26 March 2025 337,273,832.83
27 March 2025 338,363,825.17
28 March 2025 340,386,897.85
   
Total NRBT Reserve Bank Notes  
24 March 2025 0.00
25 March 2025 0.00
26 March 2025 0.00
27 March 2025 0.00
28 March 2025 0.00
   
Total Government Bond Held by Banks  
24 March 2025 35,443,000.00
25 March 2025 35,443,000.00
26 March 2025 35,443,000.00
27 March 2025 35,443,000.00
28 March 2025 35,443,000.00
   
Total Government Treasury Notes Held by Banks  
24 March 2025 0.00
25 March 2025 0.00
26 March 2025 0.00
27 March 2025 0.00
28 March 2025 0.00

Data Files


 Quarter: June 2024

Table A Table B Table C
Table D Table E Table F
Table G Guides to the Quarterly Bulletin tables

Commencing on the September 2022 & December 2022 Quarterly Bulletin releases, the National Reserve Bank of Tonga will continue to publish these data in a different display than usual.

You can always refer to the Guide to the Quarterly Bulletin table for assistance, or you can always reach out to the Economics Department for more inquiries.


Quarterly Bulletin Releases

YEAR March June September December
2022 Download Download    
2021 Download Download Download Download
2020 Download Download Download Download
2019 Download Download Download Download
2018 Download Download Download Download
2017 Download Download Download Download
2016 Download Download Download Download
2015 Download Download Download Download
2014 Download Download Download  Download
2013 Download Download Download
Download
2012 Download Download Download Download
2011 Download Download Download Download
2010 Download Download Download Download
2009 Download Download Download Download
2008 Download Download Download Download
2007 Download Download Download Download
2006 Download Download Download Download
2005 Download Download Download Download
2004 Download Download Download Download
2003 Download Download Download Download
2002 Download Download Download Download

 

The Weekly Exchange Rates are released on the last working day of every week.

A comparison of the commercial banks and foreign exchange dealers’ exchange rates and fees & charges applicable for both inward (receipts) and outward (payments) telegraphic transfers is reflected on the tables below. This should enable the general public to compare products across the banks and foreign exchange dealers and to assist with informed decision making.

17 March 2023


United States Dollar | USD


  BUY * SELL ^
  TT NOTES TT NOTES
 
BSP 0.4348 0.4508 04128 0.3968
ANZ 0.4338 0.4568 0.4118 0.4118
MBf   0.4525   0.3953
TDB 0.4363 0.4563 0.4143 0.4143
Fexco Tonga Ltd
0.4348 0.4471 0.4242 0.4153
Rowena Financial Services 0.4505      
T&T Money Transfer 0.4386   0.4158  
Jones Travel Ltd   0.4733   0.3779
Western Union Tonga Ltd     0.4043  

Australian Dollar | AUD


  BUY * SELL ^
  TT NOTES TT NOTES
 
BSP 0.6514 0.6694 0.6214 0.6034
ANZ 0.6487 0.6827 0.6187 0.6187
MBf 0.6507 0.6711 0.6219 0.5988
TDB 0.6479 0.6719 0.6179 0.6179
Fexco Tonga Ltd
0.6525 0.6682 0.6351 0.6237
T&T Money Transfer 0.6579   0.6244  
Jones Travel Ltd   0.7029   0.5747
Western Union Tonga Ltd     0.5986  
'Ave Pa'anga Pau - TDB 0.6661   0.6179  
Digicel Mobile Money
0.6584      
Island Flexi Transfer 0.6623      

New Zealand Dollar | NZD


  BUY * SELL ^
  TT NOTES TT NOTES
 
BSP 0.7024 0.7211 0.6674 0.6487
ANZ 0.7021 0.7341 0.6671 0.6671
MBf 0.7013 0.7246 0.6682 0.6452
TDB 0.6981 0.7230 0.6631 0.6631
Fexco Tonga Ltd
0.7032 0.7191 0.6850 0.6712
Rowena Financial Services 0.7042   0.6711  
T&T Money Transfer 0.7042   0.6704  
Jones Travel   0.7572   0.6178
Western Union Tonga Ltd     0.6433  
'Ave Pa'anga Pau - TDB 0.7208   0.6631  
Digicel Mobile Money 0.7047      
Frank Money Transfer 0.7143   0.6623  
Toumu'a Money Transfer 0.7246   0.6757  

Commercial Banks' & Foreign Exchange Dealers' Exchange Rates, Fees & Charges Comparisons

Download a copy of the comparison pdfIcon 629 KB

A comparison of the commercial banks and foreign exchange dealers’ exchange rates and fees & charges applicable for both inward (receipts) and outward (payments) telegraphic transfers is reflected on the tables below. This should enable the general public to compare products across the banks and foreign exchange dealers and to assist with informed decision making.

This comparison is updated weekly.

* BUY is the rate at which foreign currency is changed to pa'anga
^ SELL is the rate at which pa'anga is changed to foreign currency

Source: National Reserve Bank of Tonga


Weekly Exchange Rates Collection

December 2024


Monetary Policy Data
  Dec 24 Nov 24 Dec 23
Foreign Reserves (TOP million) 889.1 892.2 901.7
Months of Imports (trade estimate) 10.2 10.3 11.7 (r)
Months of Imports (Overseas Exchange Transactions estimate) 11.0 11.1 12.0
       
Inflation (apc) 1.2 0.9 6.7
Imported (apc) 3.4 -0.3 4.3
Domestic (apc) -1.5 2.4 9.6
       
Activity Indicators
Total Credit Growth (apc)1 10.2 5.4 8.5
Total Outstanding Loan (Ann. Tot $ m)1 589.8 556.5 535.3
Household (apc) 4.1 5.3 4.3
Business (apc) 16.2 5.4 13.1
Total Deposits (TOP million) 990.5 963.1 913.5
Total Deposits (apc) 8.4 6.0 4.4
Exchange Settlement Accounts (TOP million) 356.3 366.1 340.1
NRBT Notes on issue (TOP million) 0.0 0.0 0.0
Banks' holding of Govt Securities (TOP million) 35.4 35.4 41.7
Broad Money (M2, TOP million) 937.5 910.7 868.1
Reserve Money** (TOP million) 632.0 635.6 611.9
       
Overseas Exchange Transactions      
Total OET Payments (annual Total, TOP million) 1239.7 1219.4 1114.1 (r)
Total OET Payments (apc) 11.3 10.0 21.7
Total OET Receipts (annual Total, TOP million) 1369.2 1353.2 1205.5
Total OET Receipts (apc) 13.6 12.7 18.1
Imports (annual Total, TOP million) 703.7 687.4 653.0 (r)
Imports (apc) 7.8 5.4 16.9
Exports (annual Total, TOP million) 7.1 7.0 10.0
Exports (apc) -28.7 -30.9 6.2
Travel Receipts (annual Total, TOP million) 165.5 162.7 133.3
Travel Receipts (apc) 24.2 22.2 137.0
Remittances (annual Total, TOP million) 524.8 524.9 538.2
Remittances (apc) -2.5 -2.8 12.9
       
Financial Markets
Exchange Rate      
USD/TOP 0.4139 0.4186 0.4246
AUD/TOP 0.6513 0.6393 0.6348
NZD/TOP 0.7172 0.7064 0.6827
FJD/TOP 0.9363 0.9335 0.9335
Nominal Effective Exchange Rate Index 96.61 95.74 94.03
Real Effective Exchange Rate Index 122.89 119.20 120.44
       
Interest Rates      
Weighted Average Lending Rate (%)1 7.57 7.81 7.69
Housing (%) 7.95 7.98 7.99
Business (%)1 7.10 7.05 6.83
       
Weighted Average Deposit Rate (%) 1.44 1.54 1.57
12-month term (%) 3.32 3.41 4.04
Savings (%) 2.52 2.55 2.47
Term (%) 3.01 3.05 2.93
 
 

Notes:

apc = annual percent change
1- This series includes lending by banks and Government Development loans.
r- Data in previous months may have been adjusted to incorporate revisions.
*This equals Net Foreign Assets plus Net Domestic Assets.
**This includes Currency in circulation, Statutory Required Deposits and the Exchange Settlement Accounts.

Prepared by the Economics Department | National Reserve Bank of Tonga Last Updated on 19 February 2025

Monetary Policy Data Releases


Government Bond Series on Issue


Bond Series Issued Maturity Date Face Value Interest Rate (%)

No. 1 2024/2027
8 January 2024
8 January 2027
6,026,000.00 3.00%
No. 1 2022/2027 7 February 2022 7 February 2027 5,000,000.00 2.50%
No. 2 2024/2027
28 February 2024
28 February 2027
3,000,000.00 2.50%
No. 1 2020/2025
27 March 2020
27 March 2025
8,321,000.00 2.50%
No. 3 2024/2029
15 April 2024
15 April 2029
5,000,000.00 2.00%
No. 3 2020/2026
30 April 2020
30 April 2026
7,216,000.00 3.50%
No. 1 2023/2028
22 May 2023
22 May 2028
5,100,000.00 2.50%
No. 2 2023/2028
19 June 2023
19 June 2028
5,000,000.00 2.50%
No. 3 2019/2025
20 June 2019
20 June 2025
2,488,000.00 3.50%
No. 2 2021/2026
30 June 2021
30 June 2026
3,390,000.00 3.00%
No. 3 2021/2026
12 August 2021
12 August 2026
4,000,000.00 3.00%
No. 6 2020/2025 25 August 2020 25 August 2025 2,960,000.00 3.00%
No. 4 2021/2026 1 September 2021 1 September 2026 966,000.00 2.50%
No. 3 2027/2027 3 October 2022 3 October 2027 5,000,000.00 2.50%
No. 5 2021/2026 1 November 2021 1 November 2026 712,000.00 2.50%
No. 6 2021/2026 17 November 2021 17 November 2026 168,000.00 3.00%
No. 4 2024/2028 1 July 2024 1 July 2028 508,000.00 2.50%
No. 5 2024/2029 25 July 2024 25 July 2029 4,795,000.00 3.00%

TOTAL 69,650,000.00  

 

You are here: Home Financial Financial Statistics