Brazilian Real panamanian balboa exchange rate history (BRL PAB) December 2023

Brazilian Real panamanian balboa history for December 2023. The highest quote for this month is 0.20612 (23/12/2023) and the lowest 0.20612 (23/12/2023). The difference between high and low is 0.

BRL PAB average rate for December 2023 is 0.2011, the change between 01/12/2023 and 31/12/2023 is -3.82 %.

01 December 2023	1 BRL = 0.1985 PAB
02 December 2023	1 BRL = 0.2053 PAB
03 December 2023	1 BRL = 0.2049 PAB
04 December 2023	1 BRL = 0.1995 PAB
05 December 2023	1 BRL = 0.1978 PAB
06 December 2023	1 BRL = 0.1982 PAB
07 December 2023	1 BRL = 0.1994 PAB
08 December 2023	1 BRL = 0.1991 PAB
09 December 2023	1 BRL = 0.2030 PAB
10 December 2023	1 BRL = 0.2030 PAB
11 December 2023	1 BRL = 0.2000 PAB
12 December 2023	1 BRL = 0.1980 PAB
13 December 2023	1 BRL = 0.1968 PAB
14 December 2023	1 BRL = 0.1986 PAB
15 December 2023	1 BRL = 0.1988 PAB
16 December 2023	1 BRL = 0.2024 PAB
17 December 2023	1 BRL = 0.2024 PAB
18 December 2023	1 BRL = 0.1997 PAB
19 December 2023	1 BRL = 0.1996 PAB
20 December 2023	1 BRL = 0.2006 PAB
21 December 2023	1 BRL = 0.1988 PAB
22 December 2023	1 BRL = 0.2001 PAB
23 December 2023	1 BRL = 0.2061 PAB
24 December 2023	1 BRL = 0.2061 PAB
25 December 2023	1 BRL = 0.2009 PAB
26 December 2023	1 BRL = 0.2009 PAB
27 December 2023	1 BRL = 0.2034 PAB
28 December 2023	1 BRL = 0.2025 PAB
29 December 2023	1 BRL = 0.2026 PAB
31 December 2023	1 BRL = 0.2061 PAB

15/08/2018: Elections and Political Uncertainty

The Real experienced significant volatility leading up to the Presidential elections, responding to political developments and market sentiment.

22/01/2015: Real Hits 10-Year Low

The Real reached its lowest level against the US dollar in a decade, primarily due to a decline in commodity prices and economic concerns.

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.

15/09/2008: Global Financial Crisis Impact

As a consequence of the global financial crisis, the Brazilian Real faced a sharp depreciation against major currencies due to capital outflows and risk aversion.

27/07/2005: New Currency Symbol

The Central Bank of Brazil announced a public competition to select a new currency symbol, which resulted in the adoption of the official symbol for the Real.

18/06/2002: Exchange Rate Floatation

The Brazilian government allowed the Real to float freely against other currencies, abandoning the controlled exchange rate regime.

15/01/1999: Devaluation of the Real

Due to the Russian financial crisis and the Asian financial crisis, the government devalued the Real by around 8% to boost exports and stimulate the economy.

01/07/1994: Introduction of the Real Plan

The Brazilian real was established as the official currency, replacing the hyperinflation-ridden Cruzeiro Real. It aimed to stabilize the economy and combat inflation.

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.

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 Brazilian Real Panamanian Balboa