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

Brazilian Real panamanian balboa history for October 2023. The highest quote for this month is 0.19939 (28/10/2023) and the lowest 0.19945 (29/10/2023). The difference between high and low is -0.03.

BRL PAB average rate for October 2023 is 0.19409, the change between 01/10/2023 and 31/10/2023 is +2.71 %.

01 October 2023	1 BRL = 0.1987 PAB
02 October 2023	1 BRL = 0.1940 PAB
03 October 2023	1 BRL = 0.1930 PAB
04 October 2023	1 BRL = 0.1890 PAB
05 October 2023	1 BRL = 0.1892 PAB
06 October 2023	1 BRL = 0.1885 PAB
07 October 2023	1 BRL = 0.1943 PAB
09 October 2023	1 BRL = 0.1889 PAB
10 October 2023	1 BRL = 0.1901 PAB
11 October 2023	1 BRL = 0.1934 PAB
12 October 2023	1 BRL = 0.1934 PAB
13 October 2023	1 BRL = 0.1935 PAB
16 October 2023	1 BRL = 0.1935 PAB
17 October 2023	1 BRL = 0.1939 PAB
18 October 2023	1 BRL = 0.1936 PAB
19 October 2023	1 BRL = 0.1931 PAB
20 October 2023	1 BRL = 0.1928 PAB
21 October 2023	1 BRL = 0.1988 PAB
22 October 2023	1 BRL = 0.1987 PAB
23 October 2023	1 BRL = 0.1937 PAB
24 October 2023	1 BRL = 0.1947 PAB
25 October 2023	1 BRL = 0.1957 PAB
26 October 2023	1 BRL = 0.1955 PAB
27 October 2023	1 BRL = 0.1959 PAB
28 October 2023	1 BRL = 0.1994 PAB
29 October 2023	1 BRL = 0.1995 PAB
30 October 2023	1 BRL = 0.1967 PAB
31 October 2023	1 BRL = 0.1933 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