Historic Brazilian Real Panamanian Balboa

Brazilian Real panamanian balboa history for January 2024. The highest quote for this month is 0.20593 (14/01/2024) and the lowest 0.20602 (14/01/2024). The difference between high and low is -0.04.

BRL PAB average rate for January 2024 is 0.20001, the change between 01/01/2024 and 31/01/2024 is +2.25 %.

01 January 20241 BRL = 0.2019 PAB
02 January 20241 BRL = 0.2020 PAB
03 January 20241 BRL = 0.1986 PAB
04 January 20241 BRL = 0.1985 PAB
05 January 20241 BRL = 0.1996 PAB
06 January 20241 BRL = 0.2052 PAB
07 January 20241 BRL = 0.2051 PAB
08 January 20241 BRL = 0.2005 PAB
09 January 20241 BRL = 0.2006 PAB
10 January 20241 BRL = 0.1991 PAB
11 January 20241 BRL = 0.1998 PAB
12 January 20241 BRL = 0.2007 PAB
14 January 20241 BRL = 0.2059 PAB
15 January 20241 BRL = 0.2011 PAB
16 January 20241 BRL = 0.2008 PAB
17 January 20241 BRL = 0.1987 PAB
18 January 20241 BRL = 0.1980 PAB
19 January 20241 BRL = 0.1983 PAB
22 January 20241 BRL = 0.1991 PAB
23 January 20241 BRL = 0.1958 PAB
24 January 20241 BRL = 0.1972 PAB
25 January 20241 BRL = 0.1981 PAB
26 January 20241 BRL = 0.1989 PAB
28 January 20241 BRL = 0.2034 PAB
29 January 20241 BRL = 0.1990 PAB
30 January 20241 BRL = 0.1973 PAB
31 January 20241 BRL = 0.1973 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.
BRL PAB July 2023
BRL PAB August 2023
BRL PAB September 2023
BRL PAB October 2023
BRL PAB November 2023
BRL PAB December 2023
BRL PAB January 2024
BRL PAB February 2024
BRL PAB March 2024
BRL PAB April 2024
BRL PAB May 2024
BRL PAB June 2024
BRL PAB July 2024