Historic Salvadoran Colón Panamanian Balboa

Salvadoran Colón panamanian balboa history for December 2023. The highest quote for this month is 0.11456 (06/12/2023) and the lowest 0.11456 (05/12/2023). The difference between high and low is 0.

SVC PAB average rate for December 2023 is 0.11446, the change between 01/12/2023 and 31/12/2023 is +0.22 %.

01 December 20231 SVC = 0.1145 PAB
02 December 20231 SVC = 0.1143 PAB
03 December 20231 SVC = 0.1143 PAB
04 December 20231 SVC = 0.1146 PAB
05 December 20231 SVC = 0.1146 PAB
06 December 20231 SVC = 0.1146 PAB
07 December 20231 SVC = 0.1145 PAB
08 December 20231 SVC = 0.1146 PAB
09 December 20231 SVC = 0.1143 PAB
10 December 20231 SVC = 0.1143 PAB
11 December 20231 SVC = 0.1146 PAB
12 December 20231 SVC = 0.1146 PAB
13 December 20231 SVC = 0.1145 PAB
14 December 20231 SVC = 0.1146 PAB
15 December 20231 SVC = 0.1145 PAB
16 December 20231 SVC = 0.1143 PAB
17 December 20231 SVC = 0.1143 PAB
18 December 20231 SVC = 0.1146 PAB
19 December 20231 SVC = 0.1146 PAB
20 December 20231 SVC = 0.1146 PAB
21 December 20231 SVC = 0.1146 PAB
22 December 20231 SVC = 0.1145 PAB
23 December 20231 SVC = 0.1143 PAB
24 December 20231 SVC = 0.1143 PAB
25 December 20231 SVC = 0.1145 PAB
26 December 20231 SVC = 0.1145 PAB
27 December 20231 SVC = 0.1145 PAB
28 December 20231 SVC = 0.1146 PAB
29 December 20231 SVC = 0.1145 PAB
30 December 20231 SVC = 0.1143 PAB
31 December 20231 SVC = 0.1143 PAB

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.

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.