Historic Papua New Guinean Kina Panamanian Balboa

Papua New Guinean Kina panamanian balboa history for December 2023. The highest quote for this month is 0.27023 (09/12/2023) and the lowest 0.27149 (01/12/2023). The difference between high and low is -0.47.

PGK PAB average rate for December 2023 is 0.26815, the change between 01/12/2023 and 31/12/2023 is -2.82 %.

01 December 20231 PGK = 0.2638 PAB
02 December 20231 PGK = 0.2665 PAB
04 December 20231 PGK = 0.2673 PAB
05 December 20231 PGK = 0.2694 PAB
06 December 20231 PGK = 0.2711 PAB
07 December 20231 PGK = 0.2672 PAB
08 December 20231 PGK = 0.2703 PAB
09 December 20231 PGK = 0.2702 PAB
11 December 20231 PGK = 0.2673 PAB
12 December 20231 PGK = 0.2689 PAB
13 December 20231 PGK = 0.2637 PAB
14 December 20231 PGK = 0.2623 PAB
15 December 20231 PGK = 0.2706 PAB
18 December 20231 PGK = 0.2673 PAB
19 December 20231 PGK = 0.2637 PAB
20 December 20231 PGK = 0.2704 PAB
21 December 20231 PGK = 0.2707 PAB
22 December 20231 PGK = 0.2703 PAB
25 December 20231 PGK = 0.2671 PAB
26 December 20231 PGK = 0.2671 PAB
27 December 20231 PGK = 0.2707 PAB
28 December 20231 PGK = 0.2703 PAB
29 December 20231 PGK = 0.2712 PAB

24/03/2020: COVID-19 Economic Impact

The COVID-19 pandemic had a significant impact on the Papua New Guinean economy and the value of the Kina, leading to economic challenges and policy interventions.

19/11/2018: Launch of New Kina Notes and Coins

The Bank of Papua New Guinea launched a new series of Kina banknotes and coins, featuring enhanced security features and improved design.

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.

08/05/1995: Introduction of Polymer Banknotes

Polymer banknotes were introduced in Papua New Guinea, replacing the traditional paper banknotes and providing increased durability.

28/07/1989: Kina Floats in Foreign Exchange Market

The Papua New Guinean Kina was allowed to float freely in the foreign exchange market, leading to fluctuations in its value.

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.

03/02/1976: First Kina Banknotes Issued

The Bank of Papua New Guinea issued the first series of Kina banknotes, featuring unique designs and local elements.

19/12/1975: Independence from Australia

Papua New Guinea gained independence, leading to the introduction of the Papua New Guinean Kina as its currency.

19/12/1975: Introduction of the Kina

The Papua New Guinean Kina was officially introduced as the national currency, replacing the Australian Dollar at a rate of 2 Kina to 1 Australian Dollar.

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.