Converting from Israeli Shekel (ILS) to Tonga Paʻanga (TOP)

What is Israeli Shekel (ILS)

The Israeli Shekel (ILS) is the official currency of Israel. It is abbreviated as ILS and often represented by the symbol ₪. The Shekel has a rich history, with its roots dating back to ancient times, when it was used as a unit of weight for silver and other precious metals. The modern Shekel was introduced in 1985, replacing the old Shekel at a rate of 1,000 to 1.

The currency is further divided into smaller units called agorot, with one Shekel equal to 100 agorot. The Shekel is managed by the Bank of Israel, which is responsible for monetary policy and the stability of the currency. The Shekel has become a stable currency in the Middle East, with its strength influenced by various factors, including economic growth, inflation rates, and the geopolitical situation in the region.

What is Tonga Paʻanga (TOP)

The Tonga Paʻanga (TOP) is the official currency of the Kingdom of Tonga, a small Pacific island nation. The currency is abbreviated as TOP and is symbolized by the letters T＄ to distinguish it from other currencies. The Paʻanga was introduced in 1967, replacing the Tongan dollar at par.

The Paʻanga is subdivided into smaller units known as seniti, where 1 Paʻanga is equal to 100 seniti. The currency is issued by the National Reserve Bank of Tonga, which oversees monetary policy and issues banknotes and coins in various denominations. The Paʻanga is relatively stable, heavily influenced by tourism and remittances from Tongans living abroad, especially in countries like New Zealand, Australia, and the United States.

Converting ILS to TOP

When converting Israeli Shekels (ILS) to Tonga Paʻanga (TOP), it is important to check the current exchange rate, as it fluctuates based on economic conditions and market demand. You can easily check exchange rates through financial news websites, bank websites, or currency conversion apps.

To convert ILS to TOP manually, you can use the following formula:

Amount in TOP = Amount in ILS × Exchange Rate (TOP/ILS)

For example, if the exchange rate is 0.64 TOP for 1 ILS, and you want to convert 100 ILS to TOP, you would calculate:

Amount in TOP = 100 ILS × 0.64 ❰(TOP/ILS)❱ = 64 TOP

Keep in mind that the actual amount you receive may vary due to transaction fees and the rates offered by currency exchange services. Always consult reputable sources to ensure that you have accurate and current information when converting currencies.