Historic Papua New Guinean Kina Panamanian Balboa

Papua New Guinean Kina panamanian balboa history for October 2023. The highest quote for this month is 0.27289 (02/10/2023) and the lowest 0.27471 (05/10/2023). The difference between high and low is -0.67.

PGK PAB average rate for October 2023 is 0.27028, the change between 01/10/2023 and 31/10/2023 is +0.41 %.

02 October 20231 PGK = 0.2729 PAB
03 October 20231 PGK = 0.2740 PAB
04 October 20231 PGK = 0.2739 PAB
05 October 20231 PGK = 0.2736 PAB
06 October 20231 PGK = 0.2736 PAB
07 October 20231 PGK = 0.2722 PAB
09 October 20231 PGK = 0.2708 PAB
10 October 20231 PGK = 0.2673 PAB
11 October 20231 PGK = 0.2731 PAB
12 October 20231 PGK = 0.2729 PAB
13 October 20231 PGK = 0.2735 PAB
16 October 20231 PGK = 0.2699 PAB
17 October 20231 PGK = 0.2735 PAB
18 October 20231 PGK = 0.2731 PAB
19 October 20231 PGK = 0.2662 PAB
20 October 20231 PGK = 0.2630 PAB
23 October 20231 PGK = 0.2684 PAB
24 October 20231 PGK = 0.2704 PAB
25 October 20231 PGK = 0.2632 PAB
26 October 20231 PGK = 0.2632 PAB
27 October 20231 PGK = 0.2712 PAB
30 October 20231 PGK = 0.2647 PAB
31 October 20231 PGK = 0.2718 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.