Australian dollar panamanian balboa exchange rate history (AUD PAB) December 2023

Australian dollar panamanian balboa history for December 2023. The highest quote for this month is 0.68134 (30/12/2023) and the lowest 0.69439 (25/12/2023). The difference between high and low is -1.92.

AUD PAB average rate for December 2023 is 0.6598, the change between 01/12/2023 and 31/12/2023 is -5.53 %.

01 December 2023	1 AUD = 0.6456 PAB
02 December 2023	1 AUD = 0.6677 PAB
03 December 2023	1 AUD = 0.6668 PAB
04 December 2023	1 AUD = 0.6534 PAB
05 December 2023	1 AUD = 0.6468 PAB
06 December 2023	1 AUD = 0.6403 PAB
07 December 2023	1 AUD = 0.6403 PAB
08 December 2023	1 AUD = 0.6446 PAB
09 December 2023	1 AUD = 0.6580 PAB
10 December 2023	1 AUD = 0.6577 PAB
11 December 2023	1 AUD = 0.6438 PAB
12 December 2023	1 AUD = 0.6418 PAB
13 December 2023	1 AUD = 0.6413 PAB
14 December 2023	1 AUD = 0.6511 PAB
15 December 2023	1 AUD = 0.6547 PAB
16 December 2023	1 AUD = 0.6699 PAB
17 December 2023	1 AUD = 0.6699 PAB
18 December 2023	1 AUD = 0.6581 PAB
19 December 2023	1 AUD = 0.6550 PAB
20 December 2023	1 AUD = 0.6603 PAB
21 December 2023	1 AUD = 0.6586 PAB
22 December 2023	1 AUD = 0.6640 PAB
23 December 2023	1 AUD = 0.6802 PAB
24 December 2023	1 AUD = 0.6802 PAB
25 December 2023	1 AUD = 0.6662 PAB
26 December 2023	1 AUD = 0.6659 PAB
27 December 2023	1 AUD = 0.6681 PAB
28 December 2023	1 AUD = 0.6699 PAB
29 December 2023	1 AUD = 0.6707 PAB
30 December 2023	1 AUD = 0.6813 PAB
31 December 2023	1 AUD = 0.6813 PAB

18/03/2020: COVID-19 pandemic impact

The Australian dollar experienced a sharp decline due to the global economic impact of the COVID-19 pandemic and uncertainty in financial markets.

13/10/2011: Record high exchange rate

The Australian dollar reached a record high exchange rate of above $1.10 against the US dollar, driven by strong commodity demand and high interest rates.

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.

06/10/2008: Global Financial Crisis

The Australian dollar experienced a significant decline due to the impact of the global financial crisis, reaching a low point of around $0.60 against the US dollar.

30/06/1996: Introduction of the polymer banknotes

Australia introduced polymer banknotes, replacing the paper-based banknotes, enhancing their durability and security features.

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.

08/03/1983: Floating of the Australian dollar

The Australian dollar was fully floated and allowed to fluctuate freely on the foreign exchange market, leading to increased volatility.

12/12/1971: End of the fixed exchange rate

Australia shifted from a fixed exchange rate to a flexible exchange rate, allowing market forces to determine the value of the Australian dollar.

13/02/1966: Decimalisation of the Australian currency

Australia adopted decimal currency, replacing the pound with the Australian dollar, symbol 'A$'.

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 Australian dollar Panamanian Balboa