Historic Panamanian Balboa Euro

Panamanian Balboa euro history for November 2023. The highest quote for this month is 0.9737 (01/11/2023) and the lowest 0.9684 (01/11/2023). The difference between high and low is 0.54.

PAB EUR average rate for November 2023 is 0.94528, the change between 01/11/2023 and 30/11/2023 is +3.66 %.

01 November 20231 PAB = 0.9681 EUR
02 November 20231 PAB = 0.9678 EUR
03 November 20231 PAB = 0.9659 EUR
06 November 20231 PAB = 0.9621 EUR
07 November 20231 PAB = 0.9549 EUR
08 November 20231 PAB = 0.9581 EUR
09 November 20231 PAB = 0.9554 EUR
10 November 20231 PAB = 0.9599 EUR
12 November 20231 PAB = 0.9358 EUR
13 November 20231 PAB = 0.9613 EUR
14 November 20231 PAB = 0.9560 EUR
15 November 20231 PAB = 0.9416 EUR
16 November 20231 PAB = 0.9423 EUR
17 November 20231 PAB = 0.9425 EUR
19 November 20231 PAB = 0.9163 EUR
20 November 20231 PAB = 0.9431 EUR
21 November 20231 PAB = 0.9353 EUR
22 November 20231 PAB = 0.9378 EUR
23 November 20231 PAB = 0.9403 EUR
24 November 20231 PAB = 0.9378 EUR
26 November 20231 PAB = 0.9143 EUR
27 November 20231 PAB = 0.9385 EUR
28 November 20231 PAB = 0.9337 EUR
29 November 20231 PAB = 0.9305 EUR
30 November 20231 PAB = 0.9327 EUR

13/07/2015: Greek debt bailout agreement

A third bailout deal was reached between Greece and its creditors, avoiding a potential Greek exit from the Eurozone.

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.

02/05/2010: Greek debt crisis

Greece's financial crisis threatened the stability of the Eurozone, requiring massive bailout packages to prevent a default.

15/10/2008: Global financial crisis

The Euro faced significant economic challenges following the collapse of Lehman Brothers, leading to a recession in many Eurozone countries.

01/05/2004: Eurozone expansion

10 more countries joined the Eurozone, bringing the total number of participating countries to 24.

01/01/2002: Euro banknotes and coins

Physical banknotes and coins in Euro were introduced, replacing national currencies in 12 European countries.

01/01/1999: Introduction of the Euro

The Euro was officially introduced as an electronic currency for banking and financial transactions.

07/02/1992: The Maastricht Treaty

The treaty was signed, which officially established the European Union and laid the groundwork for the creation of the Euro.

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.

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.