Historic New Zealand Dollar Panamanian Balboa

New Zealand Dollar panamanian balboa history for December 2023. The highest quote for this month is 0.63271 (30/12/2023) and the lowest 0.65157 (25/12/2023). The difference between high and low is -2.98.

NZD PAB average rate for December 2023 is 0.61318, the change between 01/12/2023 and 31/12/2023 is -5.15 %.

01 December 20231 NZD = 0.6017 PAB
02 December 20231 NZD = 0.6211 PAB
03 December 20231 NZD = 0.6197 PAB
04 December 20231 NZD = 0.6077 PAB
05 December 20231 NZD = 0.6026 PAB
06 December 20231 NZD = 0.5992 PAB
07 December 20231 NZD = 0.6002 PAB
08 December 20231 NZD = 0.6023 PAB
09 December 20231 NZD = 0.6123 PAB
10 December 20231 NZD = 0.6124 PAB
11 December 20231 NZD = 0.5993 PAB
12 December 20231 NZD = 0.5986 PAB
13 December 20231 NZD = 0.5995 PAB
14 December 20231 NZD = 0.6048 PAB
15 December 20231 NZD = 0.6069 PAB
16 December 20231 NZD = 0.6210 PAB
17 December 20231 NZD = 0.6210 PAB
18 December 20231 NZD = 0.6101 PAB
19 December 20231 NZD = 0.6071 PAB
20 December 20231 NZD = 0.6122 PAB
21 December 20231 NZD = 0.6111 PAB
22 December 20231 NZD = 0.6150 PAB
23 December 20231 NZD = 0.6295 PAB
24 December 20231 NZD = 0.6299 PAB
25 December 20231 NZD = 0.6183 PAB
26 December 20231 NZD = 0.6170 PAB
27 December 20231 NZD = 0.6196 PAB
28 December 20231 NZD = 0.6206 PAB
29 December 20231 NZD = 0.6224 PAB
30 December 20231 NZD = 0.6327 PAB
31 December 20231 NZD = 0.6327 PAB

20/03/2020: COVID-19 Pandemic Effects

The outbreak of the COVID-19 pandemic causes global economic turmoil, leading to volatility in the New Zealand dollar exchange rate and GDP contraction.

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.

10/10/2008: Global Financial Crisis Hits New Zealand

New Zealand experiences the impact of the global financial crisis, leading to a sharp depreciation of the New Zealand dollar and economic slowdown.

10/07/2005: Polymer Banknotes Introduced

New Zealand introduces polymer banknotes, replacing the traditional paper notes for increased durability and security.

05/10/1987: Black Monday Stock Market Crash

Global stock market crash leads to a significant devaluation of the New Zealand dollar and a deep recession in the country.

04/03/1985: Floating Exchange Rate Introduced

New Zealand dollar is allowed to float freely against other currencies, marking the end of fixed exchange rates.

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.

10/07/1961: Decimalization of Currency

New Zealand adopts the decimal currency system, replacing the pound with the New Zealand dollar. NZ$1 is equivalent to NZ£2.

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.

19/10/1933: New Zealand Pound Pegged to the British Pound

New Zealand pound is pegged to the British pound at a rate of £1 to NZ£0.624275.

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.
NZD PAB July 2023
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