Historic Panamanian Balboa Australian dollar

Panamanian Balboa australian dollar history for November 2023. The highest quote for this month is 1.6214 (01/11/2023) and the lowest 1.6084 (10/11/2023). The difference between high and low is 0.8.

PAB AUD average rate for November 2023 is 1.57078, the change between 01/11/2023 and 30/11/2023 is +4.28 %.

01 November 20231 PAB = 1.616 AUD
02 November 20231 PAB = 1.595 AUD
03 November 20231 PAB = 1.596 AUD
06 November 20231 PAB = 1.584 AUD
07 November 20231 PAB = 1.578 AUD
08 November 20231 PAB = 1.594 AUD
09 November 20231 PAB = 1.597 AUD
10 November 20231 PAB = 1.610 AUD
11 November 20231 PAB = 1.571 AUD
12 November 20231 PAB = 1.573 AUD
13 November 20231 PAB = 1.615 AUD
14 November 20231 PAB = 1.603 AUD
15 November 20231 PAB = 1.576 AUD
16 November 20231 PAB = 1.571 AUD
17 November 20231 PAB = 1.581 AUD
18 November 20231 PAB = 1.536 AUD
19 November 20231 PAB = 1.534 AUD
20 November 20231 PAB = 1.579 AUD
21 November 20231 PAB = 1.560 AUD
22 November 20231 PAB = 1.561 AUD
23 November 20231 PAB = 1.565 AUD
24 November 20231 PAB = 1.559 AUD
25 November 20231 PAB = 1.519 AUD
26 November 20231 PAB = 1.519 AUD
27 November 20231 PAB = 1.560 AUD
28 November 20231 PAB = 1.547 AUD
29 November 20231 PAB = 1.538 AUD
30 November 20231 PAB = 1.546 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.
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