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The ISO 4217 currency code for the Tonga Pa'anga.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
ISO 4217 representation for the Tongan pa'anga. It is officially pegged to a currency basket that includes the Australian dollar and the New Zealand dollar, as well as the yen and United States dollar. However, the National Reserve Bank (Tonga) sets the exchange rate to the Australian dollar each day. Critics contend that this official exchange rate bears little reflection to the currency basket. The pa'anga is divided into 100 seniti. See also: Currency pair.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
The highest level to which a stock, a market index, or some other asset will rise. A top may be short-term or long-term, depending upon the type of price movement being evaluated. Compare bottom.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.