Historic Panamanian Balboa Australian dollar

Panamanian Balboa australian dollar history for January 2024. The highest quote for this month is 1.5656 (17/01/2024) and the lowest 1.5591 (18/01/2024). The difference between high and low is 0.42.

PAB AUD average rate for January 2024 is 1.52913, the change between 01/01/2024 and 31/01/2024 is -3.67 %.

01 January 20241 PAB = 1.497 AUD
02 January 20241 PAB = 1.498 AUD
03 January 20241 PAB = 1.512 AUD
04 January 20241 PAB = 1.521 AUD
05 January 20241 PAB = 1.526 AUD
06 January 20241 PAB = 1.489 AUD
07 January 20241 PAB = 1.489 AUD
08 January 20241 PAB = 1.528 AUD
09 January 20241 PAB = 1.524 AUD
10 January 20241 PAB = 1.532 AUD
11 January 20241 PAB = 1.527 AUD
12 January 20241 PAB = 1.527 AUD
13 January 20241 PAB = 1.495 AUD
14 January 20241 PAB = 1.495 AUD
15 January 20241 PAB = 1.532 AUD
16 January 20241 PAB = 1.540 AUD
17 January 20241 PAB = 1.551 AUD
18 January 20241 PAB = 1.562 AUD
19 January 20241 PAB = 1.555 AUD
20 January 20241 PAB = 1.515 AUD
21 January 20241 PAB = 1.517 AUD
22 January 20241 PAB = 1.553 AUD
23 January 20241 PAB = 1.558 AUD
24 January 20241 PAB = 1.555 AUD
25 January 20241 PAB = 1.557 AUD
26 January 20241 PAB = 1.553 AUD
27 January 20241 PAB = 1.520 AUD
28 January 20241 PAB = 1.520 AUD
29 January 20241 PAB = 1.555 AUD
30 January 20241 PAB = 1.548 AUD
31 January 20241 PAB = 1.552 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
PAB AUD August 2023
PAB AUD September 2023
PAB AUD October 2023
PAB AUD November 2023
PAB AUD December 2023
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