Malaysian ringgit panamanian balboa exchange rate history (MYR PAB) August 2023

Malaysian ringgit panamanian balboa history for August 2023. The highest quote for this month is 0.21971 (05/08/2023) and the lowest 0.21971 (05/08/2023). The difference between high and low is 0.

MYR PAB average rate for August 2023 is 0.21289, the change between 01/08/2023 and 31/08/2023 is +2.38 %.

01 August 2023	1 MYR = 0.2160 PAB
02 August 2023	1 MYR = 0.2163 PAB
03 August 2023	1 MYR = 0.2149 PAB
04 August 2023	1 MYR = 0.2150 PAB
05 August 2023	1 MYR = 0.2197 PAB
07 August 2023	1 MYR = 0.2133 PAB
08 August 2023	1 MYR = 0.2143 PAB
09 August 2023	1 MYR = 0.2133 PAB
10 August 2023	1 MYR = 0.2139 PAB
11 August 2023	1 MYR = 0.2139 PAB
12 August 2023	1 MYR = 0.2181 PAB
14 August 2023	1 MYR = 0.2140 PAB
15 August 2023	1 MYR = 0.2118 PAB
16 August 2023	1 MYR = 0.2109 PAB
17 August 2023	1 MYR = 0.2112 PAB
18 August 2023	1 MYR = 0.2102 PAB
20 August 2023	1 MYR = 0.2153 PAB
21 August 2023	1 MYR = 0.2098 PAB
22 August 2023	1 MYR = 0.2102 PAB
23 August 2023	1 MYR = 0.2103 PAB
24 August 2023	1 MYR = 0.2103 PAB
25 August 2023	1 MYR = 0.2104 PAB
28 August 2023	1 MYR = 0.2108 PAB
29 August 2023	1 MYR = 0.2100 PAB
30 August 2023	1 MYR = 0.2104 PAB
31 August 2023	1 MYR = 0.2108 PAB

18/03/2020: COVID-19 Pandemic Impact

The COVID-19 pandemic caused a sharp decline in the value of the ringgit, as global markets experienced volatility and economic slowdown.

12/08/2015: Ringgit Depreciation

The Malaysian ringgit experienced a significant depreciation against major currencies due to falling oil prices and global economic uncertainties.

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.

21/07/2005: Removal of Currency Peg

The Malaysian government removed the fixed exchange rate peg to the US dollar, allowing the ringgit to float freely based on market forces.

02/07/1997: Asian Financial Crisis

The Malaysian ringgit was heavily affected by the Asian financial crisis, leading to a currency devaluation and introduction of capital controls.

12/06/1985: Currency Pegged to the US Dollar

The Malaysian ringgit was pegged to the US dollar at a fixed exchange rate of RM2.50 per USD to stabilize the economy.

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.

29/08/1975: Change to Malaysian Ringgit

The Malaysian dollar was renamed as the Malaysian ringgit, with the currency symbol RM, to reflect the country's independence and identity.

12/06/1967: Introduction of the Malaysian Dollar

The Malaysian dollar was introduced as the official currency of Malaysia, replacing the Malaya and British Borneo dollar.

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 Malaysian ringgit Panamanian Balboa