Historic Mexican peso Panamanian Balboa

Mexican peso panamanian balboa history for January 2024. The highest quote for this month is 0.059258 (14/01/2024) and the lowest 0.059356 (07/01/2024). The difference between high and low is -0.17.

MXN PAB average rate for January 2024 is 0.0576, the change between 01/01/2024 and 31/01/2024 is +1.34 %.

01 January 20241 MXN = 0.0577 PAB
02 January 20241 MXN = 0.0578 PAB
03 January 20241 MXN = 0.0574 PAB
04 January 20241 MXN = 0.0574 PAB
05 January 20241 MXN = 0.0574 PAB
06 January 20241 MXN = 0.0593 PAB
07 January 20241 MXN = 0.0593 PAB
08 January 20241 MXN = 0.0577 PAB
09 January 20241 MXN = 0.0580 PAB
10 January 20241 MXN = 0.0576 PAB
11 January 20241 MXN = 0.0575 PAB
12 January 20241 MXN = 0.0578 PAB
14 January 20241 MXN = 0.0593 PAB
15 January 20241 MXN = 0.0578 PAB
16 January 20241 MXN = 0.0578 PAB
17 January 20241 MXN = 0.0569 PAB
18 January 20241 MXN = 0.0568 PAB
19 January 20241 MXN = 0.0569 PAB
21 January 20241 MXN = 0.0583 PAB
22 January 20241 MXN = 0.0571 PAB
23 January 20241 MXN = 0.0569 PAB
24 January 20241 MXN = 0.0564 PAB
25 January 20241 MXN = 0.0567 PAB
26 January 20241 MXN = 0.0569 PAB
27 January 20241 MXN = 0.0584 PAB
28 January 20241 MXN = 0.0583 PAB
29 January 20241 MXN = 0.0570 PAB
30 January 20241 MXN = 0.0567 PAB
31 January 20241 MXN = 0.0570 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