Historic Nigerian Naira Panamanian Balboa

Nigerian Naira panamanian balboa history for February 2024. The highest quote for this month is 0.00082 (01/02/2024) and the lowest 0.000819 (01/02/2024). The difference between high and low is 0.12.

NGN PAB average rate for February 2024 is 0.00067, the change between 01/02/2024 and 29/02/2024 is +26.81 %.

01 February 20241 NGN = 0.0008 PAB
02 February 20241 NGN = 0.0008 PAB
03 February 20241 NGN = 0.0007 PAB
04 February 20241 NGN = 0.0007 PAB
05 February 20241 NGN = 0.0008 PAB
06 February 20241 NGN = 0.0007 PAB
07 February 20241 NGN = 0.0007 PAB
08 February 20241 NGN = 0.0007 PAB
09 February 20241 NGN = 0.0007 PAB
12 February 20241 NGN = 0.0007 PAB
13 February 20241 NGN = 0.0007 PAB
14 February 20241 NGN = 0.0006 PAB
15 February 20241 NGN = 0.0006 PAB
16 February 20241 NGN = 0.0006 PAB
17 February 20241 NGN = 0.0007 PAB
18 February 20241 NGN = 0.0007 PAB
19 February 20241 NGN = 0.0007 PAB
20 February 20241 NGN = 0.0007 PAB
21 February 20241 NGN = 0.0006 PAB
22 February 20241 NGN = 0.0006 PAB
23 February 20241 NGN = 0.0006 PAB
24 February 20241 NGN = 0.0007 PAB
25 February 20241 NGN = 0.0007 PAB
26 February 20241 NGN = 0.0006 PAB
27 February 20241 NGN = 0.0006 PAB
28 February 20241 NGN = 0.0006 PAB
29 February 20241 NGN = 0.0006 PAB

20/03/2020: Impact of COVID-19 Pandemic

The outbreak of the COVID-19 pandemic resulted in a significant decline in oil prices, affecting Nigeria's economy and putting pressure on the Naira's exchange rate.

20/06/2016: Adoption of Flexible Exchange Rate Policy

The Central Bank of Nigeria adopted a flexible exchange rate policy, allowing the Naira to float freely against other currencies based on market forces.

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.

29/05/1999: Transition to Democratic Governance

Nigeria transitioned to democratic governance, leading to economic reforms and stability, positively affecting the value and management of the Naira currency.

12/06/1993: Introduction of the Third Nigerian Naira

The third Nigerian Naira (NGN) was introduced after the country's return to civilian rule following years of military regimes.

31/12/1984: Implementation of the Structural Adjustment Program

The Nigerian government implemented the Structural Adjustment Program, leading to a significant devaluation of the Naira and the adoption of a floating exchange rate.

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.

01/07/1979: Adoption of the Second Nigerian Naira

The second Nigerian Naira (NGN) was introduced following the adoption of a new constitution and the country's transition to civilian rule.

01/07/1973: Introduction of decimal currency

The Nigerian Naira was introduced as the official currency of Nigeria, replacing the pound sterling with a decimal currency system.

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.
NGN PAB July 2023
NGN PAB August 2023
NGN PAB September 2023
NGN PAB October 2023
NGN PAB November 2023
NGN PAB December 2023
NGN PAB January 2024
NGN PAB February 2024
NGN PAB March 2024
NGN PAB April 2024
NGN PAB May 2024
NGN PAB June 2024
NGN PAB July 2024