Historic New Zealand Dollar Panamanian Balboa

New Zealand Dollar panamanian balboa history for February 2024. The highest quote for this month is 0.61969 (24/02/2024) and the lowest 0.62039 (25/02/2024). The difference between high and low is -0.11.

NZD PAB average rate for February 2024 is 0.60279, the change between 01/02/2024 and 29/02/2024 is +0.28 %.

01 February 20241 NZD = 0.5960 PAB
02 February 20241 NZD = 0.6002 PAB
03 February 20241 NZD = 0.6067 PAB
04 February 20241 NZD = 0.6070 PAB
05 February 20241 NZD = 0.5980 PAB
06 February 20241 NZD = 0.5919 PAB
07 February 20241 NZD = 0.5962 PAB
08 February 20241 NZD = 0.5969 PAB
09 February 20241 NZD = 0.5970 PAB
10 February 20241 NZD = 0.6150 PAB
11 February 20241 NZD = 0.6143 PAB
12 February 20241 NZD = 0.6000 PAB
13 February 20241 NZD = 0.5985 PAB
14 February 20241 NZD = 0.5918 PAB
15 February 20241 NZD = 0.5949 PAB
16 February 20241 NZD = 0.5967 PAB
17 February 20241 NZD = 0.6127 PAB
18 February 20241 NZD = 0.6129 PAB
19 February 20241 NZD = 0.5994 PAB
20 February 20241 NZD = 0.5999 PAB
21 February 20241 NZD = 0.6026 PAB
22 February 20241 NZD = 0.6037 PAB
23 February 20241 NZD = 0.6055 PAB
24 February 20241 NZD = 0.6197 PAB
25 February 20241 NZD = 0.6202 PAB
26 February 20241 NZD = 0.6039 PAB
27 February 20241 NZD = 0.6024 PAB
28 February 20241 NZD = 0.6026 PAB
29 February 20241 NZD = 0.5944 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.
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