South Korean Won panamanian balboa exchange rate history (KRW PAB) October 2023

South Korean Won panamanian balboa history for October 2023. The highest quote for this month is 0.000741 (07/10/2023) and the lowest 0.000741 (07/10/2023). The difference between high and low is 0.

KRW PAB average rate for October 2023 is 0.00073, the change between 01/10/2023 and 31/10/2023 is +2.16 %.

01 October 2023	1 KRW = 0.0007 PAB
02 October 2023	1 KRW = 0.0007 PAB
03 October 2023	1 KRW = 0.0007 PAB
04 October 2023	1 KRW = 0.0007 PAB
05 October 2023	1 KRW = 0.0007 PAB
06 October 2023	1 KRW = 0.0007 PAB
07 October 2023	1 KRW = 0.0007 PAB
09 October 2023	1 KRW = 0.0007 PAB
10 October 2023	1 KRW = 0.0007 PAB
11 October 2023	1 KRW = 0.0007 PAB
12 October 2023	1 KRW = 0.0007 PAB
13 October 2023	1 KRW = 0.0007 PAB
16 October 2023	1 KRW = 0.0007 PAB
17 October 2023	1 KRW = 0.0007 PAB
18 October 2023	1 KRW = 0.0007 PAB
19 October 2023	1 KRW = 0.0007 PAB
20 October 2023	1 KRW = 0.0007 PAB
21 October 2023	1 KRW = 0.0007 PAB
22 October 2023	1 KRW = 0.0007 PAB
23 October 2023	1 KRW = 0.0007 PAB
24 October 2023	1 KRW = 0.0007 PAB
25 October 2023	1 KRW = 0.0007 PAB
26 October 2023	1 KRW = 0.0007 PAB
27 October 2023	1 KRW = 0.0007 PAB
28 October 2023	1 KRW = 0.0007 PAB
29 October 2023	1 KRW = 0.0007 PAB
30 October 2023	1 KRW = 0.0007 PAB
31 October 2023	1 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.

Historic South Korean Won Panamanian Balboa