Historic Panamanian Balboa Australian dollar

Panamanian Balboa australian dollar history for February 2024. The highest quote for this month is 1.5858 (13/02/2024) and the lowest 1.5774 (14/02/2024). The difference between high and low is 0.53.

PAB AUD average rate for February 2024 is 1.55756, the change between 01/02/2024 and 29/02/2024 is -1.06 %.

01 February 20241 PAB = 1.563 AUD
02 February 20241 PAB = 1.557 AUD
03 February 20241 PAB = 1.535 AUD
04 February 20241 PAB = 1.534 AUD
05 February 20241 PAB = 1.559 AUD
06 February 20241 PAB = 1.578 AUD
07 February 20241 PAB = 1.567 AUD
08 February 20241 PAB = 1.570 AUD
09 February 20241 PAB = 1.575 AUD
10 February 20241 PAB = 1.532 AUD
11 February 20241 PAB = 1.534 AUD
12 February 20241 PAB = 1.570 AUD
13 February 20241 PAB = 1.568 AUD
14 February 20241 PAB = 1.586 AUD
15 February 20241 PAB = 1.576 AUD
16 February 20241 PAB = 1.570 AUD
17 February 20241 PAB = 1.530 AUD
18 February 20241 PAB = 1.530 AUD
19 February 20241 PAB = 1.566 AUD
20 February 20241 PAB = 1.568 AUD
21 February 20241 PAB = 1.562 AUD
22 February 20241 PAB = 1.562 AUD
23 February 20241 PAB = 1.560 AUD
24 February 20241 PAB = 1.524 AUD
25 February 20241 PAB = 1.524 AUD
26 February 20241 PAB = 1.561 AUD
27 February 20241 PAB = 1.566 AUD
28 February 20241 PAB = 1.565 AUD
29 February 20241 PAB = 1.579 AUD

18/03/2020: COVID-19 pandemic impact

The Australian dollar experienced a sharp decline due to the global economic impact of the COVID-19 pandemic and uncertainty in financial markets.

13/10/2011: Record high exchange rate

The Australian dollar reached a record high exchange rate of above $1.10 against the US dollar, driven by strong commodity demand and high interest rates.

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.

06/10/2008: Global Financial Crisis

The Australian dollar experienced a significant decline due to the impact of the global financial crisis, reaching a low point of around $0.60 against the US dollar.

30/06/1996: Introduction of the polymer banknotes

Australia introduced polymer banknotes, replacing the paper-based banknotes, enhancing their durability and security features.

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.

08/03/1983: Floating of the Australian dollar

The Australian dollar was fully floated and allowed to fluctuate freely on the foreign exchange market, leading to increased volatility.

12/12/1971: End of the fixed exchange rate

Australia shifted from a fixed exchange rate to a flexible exchange rate, allowing market forces to determine the value of the Australian dollar.

13/02/1966: Decimalisation of the Australian currency

Australia adopted decimal currency, replacing the pound with the Australian dollar, symbol 'A$'.

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.
PAB AUD January 2024
PAB AUD February 2024
PAB AUD March 2024
PAB AUD April 2024
PAB AUD May 2024
PAB AUD June 2024
PAB AUD July 2024
PAB AUD August 2024
PAB AUD September 2024
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PAB AUD December 2024
PAB AUD January 2025