Historic Panamanian Balboa South Korean Won

Panamanian Balboa south korean won history for December 2023. The highest quote for this month is 1356.83 (07/12/2023) and the lowest 1346.74 (11/12/2023). The difference between high and low is 0.74.

PAB KRW average rate for December 2023 is 1321.14276, the change between 01/12/2023 and 31/12/2023 is +1.99 %.

01 December 20231 PAB = 1326.94 KRW
02 December 20231 PAB = 1293.00 KRW
03 December 20231 PAB = 1293.86 KRW
04 December 20231 PAB = 1328.74 KRW
05 December 20231 PAB = 1337.89 KRW
06 December 20231 PAB = 1344.47 KRW
07 December 20231 PAB = 1344.08 KRW
08 December 20231 PAB = 1342.93 KRW
09 December 20231 PAB = 1306.80 KRW
10 December 20231 PAB = 1316.39 KRW
11 December 20231 PAB = 1345.48 KRW
12 December 20231 PAB = 1343.67 KRW
13 December 20231 PAB = 1341.21 KRW
14 December 20231 PAB = 1322.54 KRW
15 December 20231 PAB = 1322.63 KRW
16 December 20231 PAB = 1300.40 KRW
17 December 20231 PAB = 1300.40 KRW
18 December 20231 PAB = 1299.28 KRW
19 December 20231 PAB = 1333.56 KRW
20 December 20231 PAB = 1329.16 KRW
21 December 20231 PAB = 1327.26 KRW
22 December 20231 PAB = 1322.14 KRW
23 December 20231 PAB = 1297.00 KRW
24 December 20231 PAB = 1297.23 KRW
25 December 20231 PAB = 1325.98 KRW
26 December 20231 PAB = 1323.14 KRW
27 December 20231 PAB = 1321.57 KRW
28 December 20231 PAB = 1324.80 KRW
29 December 20231 PAB = 1300.59 KRW

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.

27/10/2008: Global Financial Crisis

The Korean Won faced significant volatility during the global financial crisis, as global markets tumbled and investor confidence wavered.

01/01/1998: Establishment of IMF Program

South Korea agreed to an International Monetary Fund (IMF) bailout package, which stabilized the value of the Korean Won and initiated economic reforms.

03/12/1997: Asian Financial Crisis

The Korean Won experienced a sharp depreciation during the Asian Financial Crisis, causing severe economic hardships and requiring international assistance.

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.

27/02/1980: Declaration of Martial Law

Amidst political turmoil, President Chun Doo-hwan declared martial law, causing economic instability and impacting the value of the Korean Won.

22/06/1962: Introduction of the Hwan

To combat inflation, the South Korean government introduced the Hwan as the new currency, replacing the old Korean Won.

27/07/1953: Armistice Agreement

Following the Korean War, the Armistice Agreement was signed, stabilizing the region and aiding in the recovery of the Korean Won.

15/08/1945: Liberation from Japanese Rule

Upon the end of Japanese colonial rule, the Korean Won was introduced as the official currency of South Korea.

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.
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