Panamanian Balboa north korean won exchange rate history (PAB KPW) December 2023

Panamanian Balboa north korean won history for December 2023. The highest quote for this month is 921.57 (19/12/2023) and the lowest 930.96 (14/12/2023). The difference between high and low is -1.02.

PAB KPW average rate for December 2023 is 913.75613, the change between 01/12/2023 and 31/12/2023 is +2.28 %.

01 December 2023	1 PAB = 921.0 KPW
02 December 2023	1 PAB = 900.0 KPW
03 December 2023	1 PAB = 900.0 KPW
04 December 2023	1 PAB = 920.5 KPW
05 December 2023	1 PAB = 920.7 KPW
06 December 2023	1 PAB = 921.3 KPW
07 December 2023	1 PAB = 920.8 KPW
08 December 2023	1 PAB = 920.7 KPW
09 December 2023	1 PAB = 900.0 KPW
10 December 2023	1 PAB = 900.0 KPW
11 December 2023	1 PAB = 919.8 KPW
12 December 2023	1 PAB = 920.6 KPW
13 December 2023	1 PAB = 921.3 KPW
14 December 2023	1 PAB = 921.3 KPW
15 December 2023	1 PAB = 921.4 KPW
16 December 2023	1 PAB = 900.0 KPW
17 December 2023	1 PAB = 900.0 KPW
18 December 2023	1 PAB = 916.1 KPW
19 December 2023	1 PAB = 921.2 KPW
20 December 2023	1 PAB = 921.8 KPW
21 December 2023	1 PAB = 921.0 KPW
22 December 2023	1 PAB = 921.2 KPW
23 December 2023	1 PAB = 900.0 KPW
24 December 2023	1 PAB = 900.0 KPW
25 December 2023	1 PAB = 919.9 KPW
26 December 2023	1 PAB = 919.9 KPW
27 December 2023	1 PAB = 919.2 KPW
28 December 2023	1 PAB = 920.9 KPW
29 December 2023	1 PAB = 916.0 KPW
30 December 2023	1 PAB = 900.0 KPW
31 December 2023	1 PAB = 900.0 KPW

01/07/2013: Exchange rate unification

North Korea unifies the official exchange rate and market rate, resulting in a significant depreciation of the won.

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.

30/11/2009: Currency revaluation

North Korean government announces a currency revaluation, replacing the old won notes at a ratio of 1 for 100.

01/12/2001: Currency redenomination

North Korean won is redenominated, with the previous notes and coins being replaced by new ones at a ratio of 1 for 1,000.

25/02/1992: Introducing foreign exchange certificates

North Korea introduces foreign exchange certificates to counter hyperinflation and stabilize its economy.

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.

06/12/1979: Second major revaluation

North Korean won undergoes its second major revaluation, with the exchange rate being set at 1 for 10.

31/12/1959: First major revaluation

North Korean won undergoes its first major revaluation, with the exchange rate being set at 1 for 100.

06/12/1947: Introduction of North Korean won

North Korean won is introduced as the official currency of North Korea, replacing the Korean yen at par value.

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.

Historic Panamanian Balboa North Korean won