Historic Hong Kong dollar Panamanian Balboa

Hong Kong dollar panamanian balboa history for January 2024. The highest quote for this month is 0.12802 (06/01/2024) and the lowest 0.12803 (07/01/2024). The difference between high and low is -0.01.

HKD PAB average rate for January 2024 is 0.12576, the change between 01/01/2024 and 31/01/2024 is +0.36 %.

01 January 20241 HKD = 0.1254 PAB
02 January 20241 HKD = 0.1255 PAB
03 January 20241 HKD = 0.1251 PAB
04 January 20241 HKD = 0.1250 PAB
05 January 20241 HKD = 0.1251 PAB
06 January 20241 HKD = 0.1280 PAB
07 January 20241 HKD = 0.1280 PAB
08 January 20241 HKD = 0.1248 PAB
09 January 20241 HKD = 0.1251 PAB
10 January 20241 HKD = 0.1250 PAB
11 January 20241 HKD = 0.1250 PAB
12 January 20241 HKD = 0.1250 PAB
13 January 20241 HKD = 0.1279 PAB
14 January 20241 HKD = 0.1279 PAB
15 January 20241 HKD = 0.1248 PAB
16 January 20241 HKD = 0.1248 PAB
17 January 20241 HKD = 0.1250 PAB
18 January 20241 HKD = 0.1249 PAB
19 January 20241 HKD = 0.1249 PAB
20 January 20241 HKD = 0.1279 PAB
21 January 20241 HKD = 0.1279 PAB
22 January 20241 HKD = 0.1249 PAB
23 January 20241 HKD = 0.1249 PAB
24 January 20241 HKD = 0.1248 PAB
25 January 20241 HKD = 0.1250 PAB
26 January 20241 HKD = 0.1250 PAB
27 January 20241 HKD = 0.1280 PAB
28 January 20241 HKD = 0.1280 PAB
29 January 20241 HKD = 0.1252 PAB
30 January 20241 HKD = 0.1250 PAB
31 January 20241 HKD = 0.1250 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.

18/05/2005: Removal of Ten Hong Kong Dollars Note

The Hong Kong Monetary Authority announced the removal of the HKD 10 paper note from circulation, encouraging the usage of electronic payment methods and reducing printing costs.

01/07/1997: Hong Kong's Handover to China

Hong Kong was officially handed over to China, marking the end of British colonial rule but maintaining the Hong Kong Dollar as its currency under the 'one country, two systems' principle.

17/10/1991: Linked Exchange Rate System

The Linked Exchange Rate System (LERS) was implemented, establishing a narrow trading range of HKD 7.75 to 7.85 against the U.S. Dollar, backed by stringent measures to maintain stability.

31/12/1983: Joint Declaration on the Future of Hong Kong

The Sino-British Joint Declaration was signed, affirming Hong Kong's return to China in 1997 and ensuring the continuity of the Hong Kong Dollar as its official 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.

22/05/1972: Pegging to the U.S. Dollar

As the British Pound faced pressures in the foreign exchange market, Hong Kong decided to switch the peg to the U.S. Dollar at a rate of HKD 5.65 to USD 1.

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.

12/09/1935: Pegging to the Sterling

The Hong Kong Dollar was pegged to the British Pound (Sterling) at a fixed exchange rate of HKD 16 to GBP 1, which helped stabilize the currency.

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.

01/01/1863: Introduction of the Hong Kong Dollar

The Hong Kong Dollar was first introduced as an official currency by the British colonial government to facilitate trade and commerce in Hong Kong.