Historic Mexican peso Panamanian Balboa

Mexican peso panamanian balboa history for February 2024. The highest quote for this month is 0.05871 (17/02/2024) and the lowest 0.058734 (03/02/2024). The difference between high and low is -0.04.

MXN PAB average rate for February 2024 is 0.05752, the change between 01/02/2024 and 29/02/2024 is -0.73 %.

01 February 20241 MXN = 0.0566 PAB
02 February 20241 MXN = 0.0572 PAB
03 February 20241 MXN = 0.0585 PAB
04 February 20241 MXN = 0.0584 PAB
05 February 20241 MXN = 0.0575 PAB
06 February 20241 MXN = 0.0572 PAB
07 February 20241 MXN = 0.0574 PAB
08 February 20241 MXN = 0.0573 PAB
09 February 20241 MXN = 0.0571 PAB
11 February 20241 MXN = 0.0585 PAB
12 February 20241 MXN = 0.0572 PAB
13 February 20241 MXN = 0.0572 PAB
14 February 20241 MXN = 0.0568 PAB
15 February 20241 MXN = 0.0572 PAB
16 February 20241 MXN = 0.0573 PAB
17 February 20241 MXN = 0.0587 PAB
18 February 20241 MXN = 0.0587 PAB
19 February 20241 MXN = 0.0573 PAB
20 February 20241 MXN = 0.0573 PAB
21 February 20241 MXN = 0.0573 PAB
22 February 20241 MXN = 0.0573 PAB
23 February 20241 MXN = 0.0571 PAB
24 February 20241 MXN = 0.0585 PAB
25 February 20241 MXN = 0.0585 PAB
26 February 20241 MXN = 0.0570 PAB
27 February 20241 MXN = 0.0572 PAB
28 February 20241 MXN = 0.0572 PAB
29 February 20241 MXN = 0.0571 PAB

20/06/2012: Mexican Peso Becomes the Most Traded Emerging Market Currency

The Mexican peso surpassed the Brazilian real to become the most traded currency among emerging markets, reflecting Mexico's growing economic importance.

01/01/2011: Replacement of Paper Banknotes with Polymer Banknotes

Panama replaced the paper banknotes with polymer banknotes to enhance durability and security of the Balboa currency.

01/01/2003: Introduction of the New Peso Symbol

The Mexican peso adopted a new symbol, replacing the old symbol (₱) with a capital 'P' with double horizontal lines (MXN) to symbolize the currency.

20/12/1994: Tequila Crisis

Mexico experienced a severe economic crisis and an abrupt devaluation of the peso as a result of the devaluation of the Thai baht, causing investors to flee emerging markets.

01/01/1993: Implementation of the North American Free Trade Agreement (NAFTA)

NAFTA came into effect, promoting trade and investment between Mexico, the United States, and Canada, leading to increased stability and growth in the Mexican economy.

06/07/1988: Introduction of the New Peso

Due to hyperinflation and currency devaluation, Mexico introduced a new currency, called the New Peso, where 1000 old pesos were replaced by 1 new peso.

31/03/1983: Currency Control Law Implemented

Panama implemented a currency control law to regulate the use and circulation of the Balboa and prevent counterfeiting.

12/08/1982: Mexican Debt Crisis

Mexico defaulted on its external debt, leading to a sharp devaluation of the peso and a severe economic crisis, requiring an emergency loan from the International Monetary Fund (IMF).

13/08/1970: Devaluation of the Peso

In response to global inflation, the Mexican government devalued the peso by 20% against the US dollar, leading to economic instability and a decline in purchasing power.

15/10/1941: First Issue of Panamanian Balboa Banknotes

The first series of paper banknotes denominated in Balboa were issued by the Panamanian Currency Board.

01/10/1941: Introduction of the Balboa as Legal Tender

The Panamanian government introduced the Balboa as a legal tender, equivalent in value to the US dollar.

01/10/1908: Creation of Panamanian Currency Board

The Panamanian Currency Board was established to issue paper money and stabilize the monetary system.

01/01/1907: Use of US Dollar in Panama

The US dollar became the official currency of Panama due to the presence of American workers during the canal construction.

18/11/1904: Panama Canal Construction Begins

The construction of the Panama Canal started, which would later lead to the need for a national currency.
MXN PAB August 2023
MXN PAB September 2023
MXN PAB October 2023
MXN PAB November 2023
MXN PAB December 2023
MXN PAB January 2024
MXN PAB February 2024
MXN PAB March 2024
MXN PAB April 2024
MXN PAB May 2024
MXN PAB June 2024
MXN PAB July 2024
MXN PAB August 2024