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

Brazilian Real panamanian balboa history for November 2023. The highest quote for this month is 0.20397 (26/11/2023) and the lowest 0.20428 (26/11/2023). The difference between high and low is -0.15.

BRL PAB average rate for November 2023 is 0.20009, the change between 01/11/2023 and 30/11/2023 is -2.72 %.

01 November 2023	1 BRL = 0.1940 PAB
02 November 2023	1 BRL = 0.1970 PAB
03 November 2023	1 BRL = 0.1969 PAB
06 November 2023	1 BRL = 0.1977 PAB
07 November 2023	1 BRL = 0.2000 PAB
08 November 2023	1 BRL = 0.2003 PAB
09 November 2023	1 BRL = 0.1991 PAB
10 November 2023	1 BRL = 0.1979 PAB
11 November 2023	1 BRL = 0.2035 PAB
12 November 2023	1 BRL = 0.2039 PAB
13 November 2023	1 BRL = 0.1989 PAB
14 November 2023	1 BRL = 0.1992 PAB
15 November 2023	1 BRL = 0.2007 PAB
16 November 2023	1 BRL = 0.2011 PAB
17 November 2023	1 BRL = 0.2011 PAB
18 November 2023	1 BRL = 0.2042 PAB
19 November 2023	1 BRL = 0.2039 PAB
20 November 2023	1 BRL = 0.2017 PAB
21 November 2023	1 BRL = 0.2013 PAB
22 November 2023	1 BRL = 0.1993 PAB
23 November 2023	1 BRL = 0.1991 PAB
24 November 2023	1 BRL = 0.1994 PAB
26 November 2023	1 BRL = 0.2043 PAB
27 November 2023	1 BRL = 0.1987 PAB
28 November 2023	1 BRL = 0.1996 PAB
29 November 2023	1 BRL = 0.2005 PAB
30 November 2023	1 BRL = 0.1992 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