Historic Panamanian Balboa Australian dollar

Panamanian Balboa australian dollar history for October 2023. The highest quote for this month is 1.6309 (26/10/2023) and the lowest 1.6227 (20/10/2023). The difference between high and low is 0.5.

PAB AUD average rate for October 2023 is 1.60294, the change between 01/10/2023 and 31/10/2023 is -3.52 %.

01 October 20231 PAB = 1.554 AUD
02 October 20231 PAB = 1.588 AUD
03 October 20231 PAB = 1.609 AUD
04 October 20231 PAB = 1.623 AUD
05 October 20231 PAB = 1.620 AUD
06 October 20231 PAB = 1.612 AUD
07 October 20231 PAB = 1.566 AUD
08 October 20231 PAB = 1.566 AUD
09 October 20231 PAB = 1.615 AUD
10 October 20231 PAB = 1.596 AUD
11 October 20231 PAB = 1.591 AUD
12 October 20231 PAB = 1.596 AUD
13 October 20231 PAB = 1.621 AUD
16 October 20231 PAB = 1.622 AUD
17 October 20231 PAB = 1.616 AUD
18 October 20231 PAB = 1.612 AUD
19 October 20231 PAB = 1.617 AUD
20 October 20231 PAB = 1.620 AUD
21 October 20231 PAB = 1.583 AUD
22 October 20231 PAB = 1.583 AUD
23 October 20231 PAB = 1.623 AUD
24 October 20231 PAB = 1.617 AUD
25 October 20231 PAB = 1.610 AUD
26 October 20231 PAB = 1.626 AUD
27 October 20231 PAB = 1.616 AUD
28 October 20231 PAB = 1.578 AUD
29 October 20231 PAB = 1.578 AUD
30 October 20231 PAB = 1.619 AUD
31 October 20231 PAB = 1.609 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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