Historic Malaysian ringgit Panamanian Balboa

Malaysian ringgit panamanian balboa history for January 2024. The highest quote for this month is 0.21524 (13/01/2024) and the lowest 0.21529 (14/01/2024). The difference between high and low is -0.02.

MYR PAB average rate for January 2024 is 0.21014, the change between 01/01/2024 and 31/01/2024 is +3.05 %.

01 January 20241 MYR = 0.2132 PAB
02 January 20241 MYR = 0.2134 PAB
03 January 20241 MYR = 0.2125 PAB
04 January 20241 MYR = 0.2122 PAB
05 January 20241 MYR = 0.2109 PAB
06 January 20241 MYR = 0.2149 PAB
07 January 20241 MYR = 0.2153 PAB
08 January 20241 MYR = 0.2095 PAB
09 January 20241 MYR = 0.2101 PAB
10 January 20241 MYR = 0.2105 PAB
11 January 20241 MYR = 0.2105 PAB
12 January 20241 MYR = 0.2105 PAB
13 January 20241 MYR = 0.2152 PAB
14 January 20241 MYR = 0.2153 PAB
15 January 20241 MYR = 0.2101 PAB
16 January 20241 MYR = 0.2092 PAB
17 January 20241 MYR = 0.2107 PAB
18 January 20241 MYR = 0.2072 PAB
19 January 20241 MYR = 0.2072 PAB
22 January 20241 MYR = 0.2072 PAB
23 January 20241 MYR = 0.2068 PAB
24 January 20241 MYR = 0.2067 PAB
25 January 20241 MYR = 0.2067 PAB
26 January 20241 MYR = 0.2067 PAB
28 January 20241 MYR = 0.2116 PAB
29 January 20241 MYR = 0.2070 PAB
30 January 20241 MYR = 0.2063 PAB
31 January 20241 MYR = 0.2067 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.
MYR PAB January 2024
MYR PAB February 2024
MYR PAB March 2024
MYR PAB April 2024
MYR PAB May 2024
MYR PAB June 2024
MYR PAB July 2024
MYR PAB August 2024
MYR PAB September 2024
MYR PAB October 2024
MYR PAB November 2024
MYR PAB December 2024
MYR PAB January 2025