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 July 2023
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PAB AUD February 2024
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