Historic South Korean Won Panamanian Balboa

South Korean Won panamanian balboa history for February 2024. The highest quote for this month is 0.000753 (10/02/2024) and the lowest 0.000758 (03/02/2024). The difference between high and low is -0.66.

KRW PAB average rate for February 2024 is 0.00074, the change between 01/02/2024 and 29/02/2024 is 0 %.

01 February 20241 KRW = 0.0007 PAB
02 February 20241 KRW = 0.0007 PAB
03 February 20241 KRW = 0.0007 PAB
04 February 20241 KRW = 0.0007 PAB
05 February 20241 KRW = 0.0007 PAB
06 February 20241 KRW = 0.0007 PAB
07 February 20241 KRW = 0.0007 PAB
08 February 20241 KRW = 0.0007 PAB
09 February 20241 KRW = 0.0007 PAB
10 February 20241 KRW = 0.0008 PAB
12 February 20241 KRW = 0.0007 PAB
13 February 20241 KRW = 0.0007 PAB
14 February 20241 KRW = 0.0007 PAB
15 February 20241 KRW = 0.0007 PAB
16 February 20241 KRW = 0.0007 PAB
17 February 20241 KRW = 0.0008 PAB
18 February 20241 KRW = 0.0008 PAB
19 February 20241 KRW = 0.0007 PAB
20 February 20241 KRW = 0.0007 PAB
21 February 20241 KRW = 0.0007 PAB
22 February 20241 KRW = 0.0007 PAB
23 February 20241 KRW = 0.0007 PAB
24 February 20241 KRW = 0.0008 PAB
25 February 20241 KRW = 0.0008 PAB
26 February 20241 KRW = 0.0007 PAB
27 February 20241 KRW = 0.0007 PAB
28 February 20241 KRW = 0.0007 PAB
29 February 20241 KRW = 0.0007 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.

27/10/2008: Global Financial Crisis

The Korean Won faced significant volatility during the global financial crisis, as global markets tumbled and investor confidence wavered.

01/01/1998: Establishment of IMF Program

South Korea agreed to an International Monetary Fund (IMF) bailout package, which stabilized the value of the Korean Won and initiated economic reforms.

03/12/1997: Asian Financial Crisis

The Korean Won experienced a sharp depreciation during the Asian Financial Crisis, causing severe economic hardships and requiring international assistance.

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.

27/02/1980: Declaration of Martial Law

Amidst political turmoil, President Chun Doo-hwan declared martial law, causing economic instability and impacting the value of the Korean Won.

22/06/1962: Introduction of the Hwan

To combat inflation, the South Korean government introduced the Hwan as the new currency, replacing the old Korean Won.

27/07/1953: Armistice Agreement

Following the Korean War, the Armistice Agreement was signed, stabilizing the region and aiding in the recovery of the Korean Won.

15/08/1945: Liberation from Japanese Rule

Upon the end of Japanese colonial rule, the Korean Won was introduced as the official currency of South Korea.

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.
KRW PAB July 2023
KRW PAB August 2023
KRW PAB September 2023
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KRW PAB February 2024
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KRW PAB July 2024