Historic South Korean Won Panamanian Balboa

South Korean Won panamanian balboa history for January 2024. The highest quote for this month is 0.000761 (13/01/2024) and the lowest 0.000762 (14/01/2024). The difference between high and low is -0.13.

KRW PAB average rate for January 2024 is 0.00074, the change between 01/01/2024 and 31/01/2024 is +2.77 %.

01 January 20241 KRW = 0.0008 PAB
02 January 20241 KRW = 0.0008 PAB
03 January 20241 KRW = 0.0007 PAB
04 January 20241 KRW = 0.0007 PAB
05 January 20241 KRW = 0.0007 PAB
06 January 20241 KRW = 0.0008 PAB
07 January 20241 KRW = 0.0008 PAB
08 January 20241 KRW = 0.0007 PAB
09 January 20241 KRW = 0.0007 PAB
10 January 20241 KRW = 0.0007 PAB
11 January 20241 KRW = 0.0007 PAB
12 January 20241 KRW = 0.0007 PAB
13 January 20241 KRW = 0.0008 PAB
14 January 20241 KRW = 0.0008 PAB
15 January 20241 KRW = 0.0007 PAB
16 January 20241 KRW = 0.0007 PAB
17 January 20241 KRW = 0.0007 PAB
18 January 20241 KRW = 0.0007 PAB
19 January 20241 KRW = 0.0007 PAB
22 January 20241 KRW = 0.0007 PAB
23 January 20241 KRW = 0.0007 PAB
24 January 20241 KRW = 0.0007 PAB
25 January 20241 KRW = 0.0007 PAB
26 January 20241 KRW = 0.0007 PAB
28 January 20241 KRW = 0.0007 PAB
29 January 20241 KRW = 0.0007 PAB
30 January 20241 KRW = 0.0007 PAB
31 January 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
KRW PAB October 2023
KRW PAB November 2023
KRW PAB December 2023
KRW PAB January 2024
KRW PAB February 2024
KRW PAB March 2024
KRW PAB April 2024
KRW PAB May 2024
KRW PAB June 2024
KRW PAB July 2024